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November
Major Tax Deadlines
Keep up to date with important tax deadlines.
What's New in Taxes
IRS change may help preserve retirement savings
Generally you must wait until age 59½ to begin withdrawing retirement funds, or you face a 10% early withdrawal
penalty.
Avoid Roth IRA traps: Brush up on the rules
If you're interested in establishing a Roth or rolling funds from your traditional IRA into a Roth, be careful
not to be caught in one of the many tax traps.
New Business
IRS releases new per diem travel rates
If you're in business, you probably know expenses for business travel, meals, and entertainment must meet strict
tests in order to be deductible.
Smart Business
Applying for a business loan? Know what your banker needs
The most important reason for any banker to approve a loan is also the most obvious: because it will be repaid,
and with interest.
What's New in Financial Strategies
Why are companies announcing reverse stock splits?
Some stock prices are so low that the companies risk being delisted from the major exchanges, or investors are
simply reluctant to buy their stock.
Exercise caution with 401(k) loans
Borrowing from your 401(k) retirement plan may sound like a great idea. After all, 401(k) loans may help you to
pay for college tuition, a new house, or a hospital bill.
May
Major Tax Deadline
Keep up to date with important tax deadlines.
What's New in Taxes
Retirement plan distribution rules change again
Last year the IRS gave taxpayers an unexpected gift when it proposed new rules that simplify the way you're required
to withdraw your retirement money.
Take advantage of the tax rules when you sell your home
Selling your home and moving into a less expensive one can free up equity that can be used to pay down debt, to
build up retirement funds, or for other purposes.
New Business
OSHA announces a new ergonomics plan for businesses
Ergonomic injuries include neck strain, carpel-tunnel syndrome, and other injuries caused by repetitive tasks.
Smart Business
Protect your business from employee theft
A few simple controls can do wonders to reduce the chances of being a target.
Poor recordkeeping can cost you money
Here are some of the common pitfalls of poor recordkeeping.
April
Major Tax Deadline
Keep up to date with important tax deadlines.
What's New in Taxes
Teachers get a new tax break
Teachers who spend their own money to buy supplemental classroom supplies can write off up to $250 in expenses.
Think taxes before you sell mutual fund shares
You can choose among three methods to determine capital gains and losses for mutual fund shares that you've purchased
in lots over a period of time.
New Business
Frequent flier award miles may be tax-free
The value of frequent flier miles earned for business travel is tax-free income, even if you use the award miles
for personal travel.
Smart Business
New law adds "bonus" depreciation for businesses
Now businesses can use "bonus" depreciation to write off the cost of equipment purchases and property
improvements more quickly than before.
What's New in Financial Strategies
Do "no-cost" mortgages really exist?
Low mortgage interest rates usually cause a flurry of home buying and refinancing. To generate business, some lenders
advertise "no-cost" mortgages. But is there really such a thing as a no-cost mortgage?
Should you own property in joint tenancy?
The way you own property has both legal and tax consequences, including the way property will transfer to your
heirs and the taxes paid after your death.
March
Major Tax Deadline
Keep up to date with important tax deadlines.
What's New in Taxes
IRS releases latest tax return statistics
The IRS recently published data about income, tax deductions, and tax credits reported on 1999 tax returns.
Taxes play a role in your investment strategy
By setting up your investment portfolio to take advantage of the current tax rules, you may be able to increase
the after-tax return on your investments.
New Business
Step up your security measures
Sabotage, retaliation, and theft are valid concerns for every business, especially for those contemplating layoffs.
Smart Business
Make the right choices for your new business
Part of the challenge in starting a new business is making the right choices before you begin.
What's New in Financial Strategies
If it sounds too good to be true, it usually is
The Securities and Exchange Commission (SEC) recently launched a phony Web site to educate the public about the
telltale signs of investment fraud.
A durable power of attorney may protect your loved ones
This type of power of attorney remains in force even if you become disabled.
February
Major Tax Deadline
Keep up to date with important tax deadlines.
IRS plans new audit project
Beginning this fall, the IRS plans to audit approximately 50,000 2001 tax returns under a new audit project called
the National Research Program.
Do your 2002 tax planning with new numbers
Many tax numbers are adjusted each year, usually for inflation or as a result of tax law revision.
Use this new tax credit to offset retirement plan set-up costs
Your small business may be eligible for a new tax credit if you set up a retirement plan this year.
Understand the rules for business vehicles
Buying a new business vehicle can be a major expense, so it's important to understand the tax and financial issues
involved.
Review the investments in your 401(k) plan
The recent collapse of Enron Corporation and the market ride of the past few years underscore the importance of
diversifying your investments, both inside and outside your retirement accounts.
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We currently have individuals licensed to offer securities in the states of New Jersey, California,
Connecticut, Washington D.C., Delaware, Florida, Maryland, Nevada, Pennsylvania, Texas and Wisconsin and to offer
investment advisory services in New Jersey, Connecticut, Delaware, Florida, Maryland North Carolina, New York,
Pennsylvania, Texas and Wisconsin. This is not an offer to sell or provide investment advisory services in any
other state or jurisdiction. Securities offered through 1st Global Capital Corp., Member FINRA/SIPC. Investment
advisory services offered through 1st Global Advisors, Inc.
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