Richard A. Hall, PC --- Providing Accounting Services Since 1987

Whether you're a wage earner, an investor, a business owner, or all three, you should use the tax-cutting benefits available in the tax law. There is little to be gained by paying more tax than the law demands.

Identify the tax-savers for which you qualify. Here's a tax-cutting checklist to get you started. To locate any tax breaks you might be overlooking review the list below.

For Individuals:
   Roth IRA
   Rollover to Roth IRA
   Tax-deductible IRA
   Child tax credit
   Earned income credit
   Education Savings Accounts
   Education IRAs
   Hope scholarship credit
   Lifetime learning credit
   Flexible spending accounts
   Donating appreciated assets instead of cash
   Qualifying property for personal residence gain exclusion
   Best filing status
   Shifting income or deductions from year to year
   Adoption expense credit

For Businesses:
   Home office deduction
   SIMPLE plan
   SEP Plan
   401(k) plan
   First year expensing of business equipment
   Bonus depreciation
   Year-end bonuses
   Bad debt write-off
   Disabled access credit
   Other business tax credits
   Tax-free exchange

Visit the following link for useful federal and state tax information.

Richard A. Hall, PC