Our philosophy at Jodee Paape & Associates is that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.   Also, please check out a copy of our yearly newsletter.  Note that Adobe Reader is required - If you do not have Adobe Reader, you can download a free copy from the following:   (Adobe Link)  January 2011 Newsletter January 2010 Newsletter Our Building in BridgePoint Station- located at 100 BridgePoint Drive, Suite 120 NOTE:   The IRS does not send out unsolicited emails requesting detailed personal information.  Such authentic-looking emails are called "phishing" emails and responding may expose you to identity theft.  If you receive such an email from the IRS, send a copy of the email to phishing@irs.gov.  Please do NOT respond to the email unless the email request you send to the IRS has been verified as legitimate.  You may also contact our office regarding any correspondence, written or electronic, that you receive from the IRS. Also, check out the articles you may find interesting below... Deducting the Charitable Contribution of Your Car Health Savings Accounts Summary of New Education Credits 2009 & 2010 Home Office Deduction - Do I Qualify?  A more detailed explanation of the Home Office deduction is available from our office. Kiddie Tax - What is it?  A more complete explanation of the kiddie tax is available if you need it.. Roth IRA Conversion Opportunities in 2010  Should I Save for College in My Name or My Child's Name? Should You Payoff Your Mortgage or Invest?

Are You a Business Owner or Hobbyist? Many of us would like to turn our hobby into a regular business. That's fine as long as the business turns a profit. And, it may be fine as well if the business produces a loss and you enjoy the activity; even better if the loss can offset income from your day job.   Retaining Tax Information and Records Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.   Substantiating Charitable Contributions As we approach year-end, many of us may need to catch up on our charitable contributions for a number of reasons in addition to a tax break. So, let's briefly review the IRS rules on deducting charitable contributions.