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Tax Tips are not a substitute for legal, accounting, tax, investment or other professional advice. Always consult with your trusted accounting advisor before acting upon any Tax Tip.
Facts and Figures: Timely points of particular interest

Test of Faith-- In a new case, a couple claimed charitable deductions for tuition and fees they paid for their children to attend a private school affiliated with a specific religion. But the Ninth Circuit Court said that the parents received a benefit from the education provided to the children. Therefore, they cannot deduct any school expenses as a contribution to charity.

Group Dynamics-- Do you want honesty from your employees? Consider posing questions to them in small groups. Not only does this create a forum for discussion, but the relative anonymity usually enables people to open up more easily. Caveat: You might not like what you hear, but it should reflect the honest perceptions of the workers.

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TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.

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