Tax Talk Newsletter - JANUARY 2010

Dear [[^^name^^||Starter Site Subscriber]],
Well here we are in another New Year! Time just keeps flying by faster and faster.  Most of you should have received your tax packets by now which included your pre-scheduled appointment.  If you have not received your packet or need to reschedule your appointment, please let me know as soon as possible.  Great new website is up and running!  Please visit me at or click "View website" to your right in this newsletter and let me know what you think!


 New Year, New Start

January always brings the desires of starting fresh with a new set of goals or resolutions.  One of the top ten resolutions each year is financially related, i.e. get out of debt, spend less or save more.  For financial resolutions that can last for the long term, consider the following: Cut your debts - This is a resolution that sounds simpe but can be difficult.  Every dollar that doesn't go toward a debt payment can go toward investing in your future.  So, this year, look for ways to cut your costs, like bringing your lunch to work or skipping your coffee run and strive to live within your means.  Build an Emergency Fund - This resolution may take a little bit more effort but will be definitely worth it.  Strive to put away 6 to 12 months worth of living expenses in a liquid account and use the money for emergencies only.  Maximize your 401(k) contributions each year -401(k)s provide tax deferred growth and since contributions are made before taxes, they can decrease your current taxable income.  This is probably the easiest resolution to achieve because your contributions are automatically deducted from your paycheck....your savings begin to accumulate before your know it!  If you can follow one or all of these resolutions in 2010, you will help set yourself for financial success for many years to come!



The Internal Revenue Service recently announced a new law allowing taxpayers to claim donations for Haitian relief on their 2009 tax return.  The contributions must be made specifically for the relief of victims in areas affected by the January 12, 2010 earthquake in Haiti.  In order to take the deduction on your 2009 tax return, the donations must be made after January 11 and before March 1, 2010. They must be made to qualified charities and can not be designated for the benefit of specific individuals or families.  The contributions must also be in cash versus non cash contributions such as clothing or property. Cash contributions can be made by text message, check, credit card or debit card.  Remember, you must keep a record of any deductible donations you make.  Substantial documentation for text messages includes a telephone bill if the name of the organization receiving your donation, date of the contribution and amount are listed.

referrals.jpgReferrals are the heart of my business and are a sincere compliment symbolizing your satisfaction with my services. As a token of my appreciation, for every qualified referral I receive, you will receive a $25 gift redeemable in your choice of a gift card or account credit.

Thank you for helping me grow my business!

I hope you have enjoyed this edition of Tax Talk.  You are welcome to forward this edition to family or friends.  If there is a subject you'd like to see covered in future Newsletters, please feel free to email me.  As always, if you ever have any questions regarding your tax situation, please contact my office.