Articles from the December 2008 Issue of The Bottom Line

• Tax Benefits of the Federal Bailout Legislation
  The massive federal rescue legislation includes tax breaks for individuals and businesses
  Jim Schmidt

• Tax News Includes AMT Relief, Estate Tax Exemptions
  The estate tax exemption increases for 2009, with “spousal portability” on the front burner
  Gerry Henderson

• Deducting S Corporation Health Insurance Payments
  Qualifying for a valuable income tax deduction requires the S corporation to make payments or reimbursements before year-end, and include them in the shareholder-employee’s W-2
  Jeff Bither

• Maximizing Your Meals and Entertainment Deduction
  The Tax Code allows some useful exemptions to the 50% disallowance rule
  Kelly White

• Undeposited Payroll Taxes a No-Win Situation
  From imposing penalties and interest to personal liability, Uncle Sam comes down hard on employers who treat his money as theirs
  Trey Maxwell

• New Regulations Affect 403(b) Plan Sponsors
  Form 5500 filing requirement and other regulatory changes add to the administrative workload
  Dan Evans