Education helps prevent frustration! We here at Pleiman & Company feel 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.

Simply click on the title of an article below to view its complete text:   Renting Property to Your Sole Proprietorship When a married couple jointly owns property that is used in a spouse's sole proprietorship, the couple can rent the property to the proprietor spouse, who then may be able to deduct the portion of the rent attributable (paid) to the nonproprietor spouse on his or her Schedule C.   New IRS Guidelines for Vehicle Deductions Following changes made by the 2004 American Jobs Creation Act (2004 Act), the allowable charitable contribution deduction for a vehicle valued at more than $500 depends on the charity's use of the vehicle   Roth IRA Option for 401(k) Accounts The 2001 Tax Act contained a provision allowing elective deferrals (contributions) to Section 401(k) plans to be placed in a Roth IRA beginning in 2006. Congress felt the tax-favored savings choices that some individuals prefer, such as Roth IRAs, should be available to 401(k) participants.