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TAX TIP OF THE WEEK
Don't Overlook These Miscellaneous Tax Deductions
Information provided by cmjllp.com
03-23-2006

TAX TIP OF THE WEEK
What’s new for 2006
Information provided by cmjllp.com
01-6--2006

TAX TIP OF THE WEEK
Standard or itemized: Know the difference
Information provided by cmjllp.com
01-21-2006

TAX TIP OF THE WEEK
Changes are Coming for Hybrid Tax Breaks
Information provided by cmjllp.com
12-5--2005

TAX TIP OF THE WEEK
Business Gifts: Know the tax rules
Information provided by cmjllp.com
12-24-2005

TAX TIP OF THE WEEK
Take the Mystery Out of Mileage Reimbursement
Information provided by cmjllp.com
11-24-2005

TAX TIP OF THE WEEK
It’s Time to Review Your Investments
Information provided by cmjllp.com
11-17-2005

TAX TIP OF THE WEEK
It's time to review your 2005 tax situation
Information provided by cmjllp.com
10-6--2005

TAX TIP OF THE WEEK
Avoid the Rollover Trap
Information provided by cmjllp.com
10-28-2005

TAX TIP OF THE WEEK
Hurricane Katrina tax relief is signed by President Bush
Information provided by cmjllp.com
10-13-2005

TAX TIP OF THE WEEK
Prepare for college with a Section 529 plan
Information provided by cmjllp.com
09-29-2005

TAX TIP OF THE WEEK
Note the new standard mileage rates for the remainder of 2005
Information provided by cmjllp.com
09-22-2005

TAX TIP OF THE WEEK
When You Marry, Don't Overlook the Paperwork
Information provided by cmjllp.com
08-5--2005

TAX TIP OF THE WEEK
Give Your Child a Job for the Summer
Information provided by cmjllp.com
07-8--2005

TAX TIP OF THE WEEK
How to Correct a Mistake on Your Return
Information provided by cmjllp.com
07-29-2005

TAX TIP OF THE WEEK
Now You Have Longer to Use It Before You Lose It
Information provided by cmjllp.com
07-22-2005

TAX TIP OF THE WEEK
Use the Summer Months to Update your Estate Plan
Information provided by cmjllp.com
07-15-2005

TAX TIP OF THE WEEK
Save on your Taxes While you Save at the Pump
Information provided by cmjllp.com
07-1--2005

TAX TIP OF THE WEEK
Maximize Your 2005 Retirement Savings
Information provided by cmjllp.com
06-3--2005

TAX TIP OF THE WEEK
First-time Homebuyer?
Information provided by cmjllp.com
06-24-2005

TAX TIP OF THE WEEK
Is the Alternative Minimum Tax in Your Future?
Information provided by cmjllp.com
06-17-2005

TAX TIP OF THE WEEK
Get Medical Insurance and Tax Savings Too
Information provided by cmjllp.com
06-10-2005

TAX TIP OF THE WEEK
Work Related Education Expenses Can be Deductible
Information provided by cmjllp.com
05-6--2005

TAX TIP OF THE WEEK
Could the State Sales Tax Boost Your Itemized Deductions?
Information provided by cmjllp.com
05-27-2005

TAX TIP OF THE WEEK
How Mortgage Points Affect Your Taxes
Information provided by cmjllp.com
05-20-2005

TAX TIP OF THE WEEK
How Mortgage Points Affect Your Taxes
Information provided by cmjllp.com
05-13-2005

TAX TIP OF THE WEEK
If You Can't File by April 15 Apply for an Extension
Information provided by cmjllp.com
04-8--2005

TAX TIP OF THE WEEK
You Might Owe Taxes on Your Social Security Benefits
Information provided by cmjllp.com
04-29-2005

TAX TIP OF THE WEEK
Should You Be Making Estimated Tax Payments?
Information provided by cmjllp.com
04-22-2005

TAX TIP OF THE WEEK
Medical Expenses - Don’t Overlook Health Insurance Premiums
Information provided by cmjllp.com
04-15-2005

TAX TIP OF THE WEEK
Sell Your Appreciated Investment Property Tax-Free
by Marco Capaldi, big1031.com
04-1--2005

TAX TIP OF THE WEEK
Teachers Qualify for Special Tax Savings
Information provided by cmjllp.com
03-4--2005

TAX TIP OF THE WEEK
There Are Tax Breaks for Seniors
Information provided by cmjllp.com
03-25-2005

TAX TIP OF THE WEEK
Be Aware of These Business Tax Credits
Information provided by cmjllp.com
03-18-2005

TAX TIP OF THE WEEK
There’s Still Time to Cut Your 2004 Tax Bill
Information provided by cmjllp.com
03-11-2005

TAX TIP OF THE WEEK
Did You Forget Your Refund Check
Information provided by cmjllp.com
02-4--2005

TAX TIP OF THE WEEK
Simplify your life by organizing your tax records
Information provided by cmjllp.com
02-25-2005

TAX TIP OF THE WEEK
Don’t Overlook these Deductions Even if you don’t Itemize
Information provided by cmjllp.com
02-18-2005

TAX TIP OF THE WEEK
Time to Check Your Withholding
Information provided by cmjllp.com
02-11-2005

TAX TIP OF THE WEEK
A New Roth IRA Rule Benefits Seniors
Information provided by cmjllp.com
01-7--2005

TAX TIP OF THE WEEK
The IRS Publishes New Mileage Rates for 2005
Information provided by cmjllp.com
01-28-2005

TAX TIP OF THE WEEK
Tsunami Relief Donations Give Taxpayers an Early Deduction
Information provided by cmjllp.com
01-21-2005

TAX TIP OF THE WEEK
A New Year Tax Checklist
Information provided by cmjllp.com
01-14-2005

Tax Tip of the Week
There’s Still Time to Cut Your 2004 Tax Bill

Are you still dealing with your 2004 tax return? Do you owe a bigger tax bill than you expected? Are you missing a tax break because your adjusted gross income is too high? Would you like a bigger refund?

Don’t despair. You might still have time to make some changes. For example: You have until April 15 to make a tax-deductible IRA contribution for 2004. If you qualify, you could contribute up to $3,000 and have it count as a deduction against last year’s taxes. If you were 50 years old or older last year, your maximum contribution is $3,500.

Even if you’ve already made your 2004 contribution to a Roth IRA, it may not be too late to make a change. You may be able to recharacterize your contribution as a traditional IRA contribution and take the deduction. You’ll need to set up a traditional IRA, make a trustee-to-trustee transfer, and report it on your 2004 tax return. Check with your advisor before you try this to make sure you avoid any tax traps.

If you’re self-employed, there’s still time to set up a SEP-IRA for your business. You have until the due date of your return, including extensions, to set up the plan and make a contribution from 2004 earnings. SEP-IRAs are easy to establish and flexible to manage.

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