Joe Ramos, CEO & Sr. Wealth Advisor
Joe Ramos, CEO

Letter from the CEO

Tax Planning Update



As you begin to fill out your 2009 Form 1040, one of the first decisions you must make is your filing status. Choosing a filing status, such as single, married, married filing separately, or head of household, can be surprisingly difficult, especially in certain tax situations. We discuss the rules for each filing status, as well as the circumstances that make them beneficial, in Which Filing Status Makes Sense for Me?

If you work at home regularly, whether you own a business or are an employee, you may be able to deduct certain expenses associated with your home office, including the business portion of property taxes, mortgage interest, rent, insurance, and repairs. However, the IRS has specific criteria for the home office deduction. We explain the rules in Is Your Home Office Tax Deductible?

Finally, in Items of Interest, we explore the potential tax law changes for 2011. Personal income tax rates, capital gains and dividends tax rates, and estate taxes are slated to change in the coming years, unless Congress takes further legislative action. We also discuss life changes and experiences, such as marriage, a new job, and donations to charity, that may affect your taxes.

As always, we welcome your comments,

C. Joseph Ramos