In-Depth Articles At Hughes, Snell & Co., P.A., we know that an informed client is our best customer. And the Internet is a great education resource, with endless amounts of information just a click or two away. But sometimes it's nice to have help sorting through the virtual noise and clutter, so we've selected a few helpful articles for you to view. Check back often, for all the latest information on ways to manage your business and personal financial needs more effectively. Just click on the article titles below to view the complete text. Foreign Investments:  IRS Crackdown on Non-Disclosure - Are you in compliance?: During the past year the Internal Revenue Service has been targeting taxpayers with control over any financial holdings outside the U.S. for failure to properly disclose these interests and/or include related income in their U.S. tax filings.  With initiatives at an all time high, it is imperative that you have an understanding of what these foreign reporting requirements are and how they may impact you and your business. Charitable Giving In a Turbulent Economy:  In today's economy many people are being forced to prioritize their cash flow and minimize their expenditures.  For some, this may mean reducing their charitable giving.  With fewer funds to spare, making non-cash property donations to qualified charities may be a viable alternative to cash giving.  A non-cash contribution provides an opportunity to support your favorite charities despite cash flow constraints. Is the Poor Economy Clouding Your Vision?  Consider using strategic planning tools to revive your business plan and provide clarity necessary to move forward. The Worker, Homeownership, and Business Assistance Act of 2009:  On November 6, 2009, President Obama signed H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009 (WHBAA) into law.  The following highlights the tax implications of the act and explains how this new legislation may impact you or your business. Should you convert your Traditional IRA to a ROTH IRA?  There are several factors to consider when making this decision.  We’ll explore some of those factors as well as discuss some ROTH IRA conversion rules and limitations. Debt Forgiveness - Tax Implications for You and Your Business:  Are you currently negotiating a loan modification with your lender?  Have you experienced a short-sale or foreclosure?  The full article discusses the tax consequences and available tax relief on forgiveness of debt income.   Federal Stimulus Includes Changes to COBRA Health Coverage:  Eligible former employees who have opted for COBRA coverage and their respective employers can both benefit from this change.    Independent Member:   Facebook                      LinkedIn                  Twitter   Telephone:  (239)939-2233                       Email:  accting@hughessnell.com FAX:  (239)939-0554 1470 Royal Palm Square Boulevard Fort Myers, FL 33919  IRS Circular 230 Disclosure:  In order to ensure compliance with IRS Circular 230, we must inform you that any U.S. tax advice contained in this transmission and any attachments hereto is not intended or written to be used and may not be used by any person for the purpose of (i) avoiding any penalty that may be imposed by the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matter(s) addressed herein. This website is best viewed at a screen resolution of 1024 x 768 or higher.