Recent Tax Acts

	Limited Exemption for Housing Katrina Victims
	Charitable Contributions from IRA's
	2008 Benefit and Dollar Limitations
	October 2007 Recent Developments
	2008 Social Security Wage Base  New!
	Small Business and Work Opportunity Tax Act  (signed May 25, 2007) Expanded Kiddie Tax
	January 2007 Recent Developments
	Credit Available for Hybrid Vehicles In 2006
	2006 Business Tax Law Changes
	Tax Relief and Health Care Act of 2006 - Business Provisions  (signed December 20, 2006)
	Tax Relief and Health Care Act of 2006 - Individual Provisions (signed December 20, 2006)
	American Jobs Creation Act (signed October 24, 2004)
	Working Families Tax Relief Act (signed October 24, 2004)
	Energy Tax Incentives Act of 2005 (signed August 8, 2005)
	Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (signed April 20, 2005; effective October 17, 2005)
	Pension Protection Act of 2006 (signed August 17, 2006)
	Gulf Opportunity Zone Act of 2005 (signed December 21, 2005)
	Tax Increase Prevention and Reconciliation Act of 2005  (signed May 17, 2006)
	Texas Margin Tax  (signed May 18, 2006)

Payroll and Third Party Reporting Issues

	Overtime Rules - Effective August 23, 2004
	Dealing with Questionable W-4s
	FUTA Deposit Rules - Effective January 1, 2005
	Form 944 - Employer's annual federal return for small businesses - Effective January 1, 2006
	Third-Party Reporting Reminders

Record Retention

	Don't Just Toss It
	How Long Should I Keep Records?
	Safeguard Financial and Tax Records

Other Issues

	Refunds for Telephone Excise Tax
	Standard Mileage Rates
	Social Security Wage Base
	Tuition at school with dyslexia program is deductible medical expense
	Cost Segregation Studies
	Holding period rules for low-taxed capital gains and dividends
	Vehicle Donations
	Sec 199 Production Deduction - Effective for tax years beginning after 2004
	Election to expense business property (Code Section 179)
	Home Office Deductions
	Uniform Definition of a Child