Watch Your Wallet, December 2008, Volume 2008, No. 12
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Tax Tips
Although somewhat confusing, working through the details of work-related travel from a home office may net you a substantial tax deduction.
If you've got some losers in your taxable investment accounts, read why now might be a good time to sell them.
The new rates for business, medical and moving purposes are slightly lower than rates for the second half of 2008.
Are you considering buying mutual funds in a taxable account (as opposed to an IRA or 401K)? If so, learn how to avoid a potential tax gotcha.
The IRS is getting smarter about whom it audits.
Finance
As you approach retirement, there are various matters that you should take care of. Here are some of the items you should check.
Generally, your estate plan should be reviewed every two years to determine whether it needs to be changed or updated. However, when certain events occur, you'll probably need to update your estate plan.
Quickbooks
Is an upgrade worth it? We explore some of the improvements and offer a big caution on the upgrade.
