Money Management Public Service Announcements
Help provide the public with financial information that will make their lives easier. Money Management Public Service Announcements cover many topics including financial New Year's resolutions, long-term care insurance policies and claiming deductions on tax returns. Take a look at some recent public services announcements from the MACPA, or use the search function on the web site to find a public service announcement about a particular topic.
- The ABC's of the AMT
- Approx. time: 30 seconds Are you aware of all the tax laws that affect you? Many people are often surprised to find themselves subject to the AMT, which is short for the alternative minimum tax. Although this tax was originally intended to ensure...
- Converting to a Roth IRA
- Approx. time: 30 seconds Converting a traditional IRA to a Roth IRA can offer greater flexibility in retirement. And beginning this year, more taxpayers are eligible to make this conversion. However, there are some potential drawbacks to this...
- Tax Credits for Education
- Approx. time: 30 seconds A college education is a big-ticket item, taking a big bite out of any family’s budget. That’s why it’s important to take advantage of any chances to lower the impact on your wallet, including tax credits that apply...
- Tax Deductions for Ponzi Scheme Losses
- Approx. time: 30 seconds The name Bernard Madoff will forever be associated with investment fraud. But with the softening in the stock market, many fraudulent investment schemes across the country have come tumbling down like a house of cards. If...
- To NOL or Not to NOL?
- Approx. time: 30 seconds In the current economy, it’s safe to say that many small businesses might have chalked up a net loss during the last year or two. If that’s the case, the Michigan Assocation of CPAs advises that the business may be...
- Homebuyer’s Tax Credit
- Approx. time: 30 seconds If you own your own home, there are some significant tax advantages that can make the prospect more affordable. As a result of the uncertain economy, the federal government has also recently extended the deadline on a...
- Questions to Ask at Tax Time
- Approx. time: 30 seconds Tackling your tax return can be a challenging task. That’s why it’s a good idea to arrive at your tax return preparation appointment ready with questions about the issues that concern you most. Because there are many...
- Getting Organized for Tax Time
- Approx. time: 30 seconds During the last month, you’ve probably received a flurry of important tax-related documents in the mail. They serve as a reminder that the deadline for submitting your tax return is looming ahead on April 15. Do you have...
- COBRA Subsidy Extension
- Approx. time: 30 seconds If you have lost your job in the recession, maintaining your health insurance may be a little easier because of a special government subsidy that was extended late last year. The Michigan Association of CPAs explains that...
- Financial Resolutions to Keep
- Approx. time: 30 seconds At the beginning of each new year, many people make a list of resolutions, such as losing weight or learning a new skill. This year, the Michigan Association of CPAs recommends that you also consider resolving to save...
