Medical Tax Deductions

CHANGES TO Itemized Deductions for 2013 Medical Expenses If you itemize your deductions on Form 1040, Schedule A, new rules may affect your medical expense deduction. The new rules raise the threshold that unreimbursed medical and dental expenses you paid for...

Adoption Tax Credit

Adoption Tax Credits Changed for 2013 Maximum Adoption Tax Credit projected to be $12,770 for 2013. Credits will no longer be refundable, but unused part will carry forward to future years. To Get the Credit You Must Have: Domestic and foreign adoptions that have been...

Use Tax Refund to Purchase Savings Bond

Looking to invest your tax refund this year? The Treasury Department wants to make it easy by allowing a new option for your “direct deposit” refund that purchases U.S. Series I Savings Bonds are a low-risk, interest bearing bonds that are purchased at face value, a...

Your Corporate Record Book

You keep your corporate minutes and a record of your key decisions in a corporate record book. Your corporate record book helps the corporation meet state reporting and filing requirements. When did you last read or review your record book? The record book is your...