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	<title>Better Business Blog &#187; Personal Taxes</title>
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	<link>http://smt-associates.com/blog</link>
	<description>Our Business is Your Business</description>
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		<title>Are You Liable for a Gift Tax Return?</title>
		<link>http://smt-associates.com/blog/are-you-liable-for-a-gift-tax-return/</link>
		<comments>http://smt-associates.com/blog/are-you-liable-for-a-gift-tax-return/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 14:03:48 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[gift tax]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=567</guid>
		<description><![CDATA[Frequently, taxpayers think that gifts of cash, securities, or other assets they give to other individuals are tax-deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Nothing is further from the &#8230; <a href="http://smt-associates.com/blog/are-you-liable-for-a-gift-tax-return/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>It’s Tax Time! Are You Ready?</title>
		<link>http://smt-associates.com/blog/it%e2%80%99s-tax-time-are-you-ready/</link>
		<comments>http://smt-associates.com/blog/it%e2%80%99s-tax-time-are-you-ready/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 13:52:57 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Personal Taxes]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=559</guid>
		<description><![CDATA[If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Unfortunately, the job of pulling together the records for your tax appointment is never easy, but the effort usually pays off when it &#8230; <a href="http://smt-associates.com/blog/it%e2%80%99s-tax-time-are-you-ready/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/it%e2%80%99s-tax-time-are-you-ready/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Medical Checklist</title>
		<link>http://smt-associates.com/blog/medical-checklist/</link>
		<comments>http://smt-associates.com/blog/medical-checklist/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 14:00:45 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Personal Taxes]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=512</guid>
		<description><![CDATA[After 2012, the limitation on deductible medical expenses increases for most taxpayers from the current 7.5% of AGI to 10% (it remains at 7.5% for taxpayers age 65 and over through 2016). So if you need some dental work, laser &#8230; <a href="http://smt-associates.com/blog/medical-checklist/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/medical-checklist/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Maximize Your Charitable Deductions</title>
		<link>http://smt-associates.com/blog/maximize-your-charitable-deductions/</link>
		<comments>http://smt-associates.com/blog/maximize-your-charitable-deductions/#comments</comments>
		<pubDate>Thu, 15 Dec 2011 11:49:43 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Charitable Donations]]></category>
		<category><![CDATA[Personal Taxes]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=517</guid>
		<description><![CDATA[As the end of the year approaches, there are still things you can do to increase and properly document your charitable contributions for 2011. Here is a brief rundown: Non-cash contributions – If you have used clothing or household goods &#8230; <a href="http://smt-associates.com/blog/maximize-your-charitable-deductions/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Are out-of-pocket expenses for charities deductible?</title>
		<link>http://smt-associates.com/blog/are-out-of-pocket-expenses-for-charities-deductible/</link>
		<comments>http://smt-associates.com/blog/are-out-of-pocket-expenses-for-charities-deductible/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 15:49:42 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Ask Steve]]></category>
		<category><![CDATA[Charitable Donations]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Charitable donations]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=472</guid>
		<description><![CDATA[Here&#8217;s a question from a client about whether or not expenses they incur while volunteering for a charitable organization are deductible. My wife has begun volunteering for a religious organization which operates under the 501c3 status of their church denomination. Her &#8230; <a href="http://smt-associates.com/blog/are-out-of-pocket-expenses-for-charities-deductible/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Announces Pension Plan Limitations for 2012</title>
		<link>http://smt-associates.com/blog/irs-announces-pension-plan-limitations-for-2012/</link>
		<comments>http://smt-associates.com/blog/irs-announces-pension-plan-limitations-for-2012/#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:45:33 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Retirement Plans]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=434</guid>
		<description><![CDATA[The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment.  <a href="http://smt-associates.com/blog/irs-announces-pension-plan-limitations-for-2012/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/irs-announces-pension-plan-limitations-for-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Flipping Homes – A Reviving Trend in Real Estate</title>
		<link>http://smt-associates.com/blog/flipping-homes-%e2%80%93-a-reviving-trend-in-real-estate/</link>
		<comments>http://smt-associates.com/blog/flipping-homes-%e2%80%93-a-reviving-trend-in-real-estate/#comments</comments>
		<pubDate>Mon, 23 Aug 2010 15:18:50 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[flipping homes]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=237</guid>
		<description><![CDATA[Prior to the recent economic downturn, flipping real estate was popular.  With mortgage interest rates low and home prices at historical lows, flipping appears to be on the rise again.   House flipping is, essentially, purchasing a house or property, improving &#8230; <a href="http://smt-associates.com/blog/flipping-homes-%e2%80%93-a-reviving-trend-in-real-estate/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/flipping-homes-%e2%80%93-a-reviving-trend-in-real-estate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Illinois Tax Amnesty to Begin October 1</title>
		<link>http://smt-associates.com/blog/illinois-tax-amnesty-to-begin-october-1/</link>
		<comments>http://smt-associates.com/blog/illinois-tax-amnesty-to-begin-october-1/#comments</comments>
		<pubDate>Wed, 18 Aug 2010 14:50:57 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Illinois]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[illinois tax amnesty]]></category>
		<category><![CDATA[tax amnesty]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=243</guid>
		<description><![CDATA[On Monday, August 16th, Governor Quinn approved the bill to establish a tax amnesty program for all taxpayers for taxes due for any taxable period ending after June 30, 2002 and prior to July 1, 2009.  The amnesty period will run &#8230; <a href="http://smt-associates.com/blog/illinois-tax-amnesty-to-begin-october-1/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/illinois-tax-amnesty-to-begin-october-1/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Illinois Tax Amnesty Measure Goes to Governor</title>
		<link>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/</link>
		<comments>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/#comments</comments>
		<pubDate>Tue, 29 Jun 2010 14:45:51 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[amnesty]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[penalties]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=215</guid>
		<description><![CDATA[The Illinois General Assembly has passed a measure to implement an amnesty on taxes administered by the Department of Revenue and has sent the measure to Gov. Pat Quinn. The amnesty period would run from October 1, 2010, through November &#8230; <a href="http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hiring Family Members in a Family Business</title>
		<link>http://smt-associates.com/blog/hiring-family-members-in-a-family-business/</link>
		<comments>http://smt-associates.com/blog/hiring-family-members-in-a-family-business/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 14:00:19 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[employing a child]]></category>
		<category><![CDATA[hiring family]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=209</guid>
		<description><![CDATA[In today’s tough job market, students seeking summer employment, young adults looking for full-time employment, and college graduates looking to begin their careers are finding it difficult to land a job.  The family business may be the only place for &#8230; <a href="http://smt-associates.com/blog/hiring-family-members-in-a-family-business/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
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