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Changes to the Home Sale Gain Exclusion
Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the two-year ownership and use tests for the exclusion were satisfied.

Borrowing from Your 401(k) Plan
Individuals who participate in a 401(k) plan sometimes borrow from their plan.

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.

Client Letters

Effect on Individuals from HC Reform [SENT 05/06/2010]

FAQ's about Payroll Tax exemption and Tax Credit [SENT 05/2010]

New Hire Legislation [SENT 05/10/2010]

Employer Requirements to Offer HC Coverage [SENT 05/17/2010]