Patricia L. Gentile, CPA, Attorney at Law
6 Courthouse Lane, Unit 10, Chelmsford, MA 01824, (978) 454-1145
 

I know that the Internet is a great education resource, with endless amounts of information just a click or two away.

But sometimes it's nice to have help sorting through the virtual noise and clutter, so I've selected a few helpful articles for you to view. Check back often, for all the latest information on ways to manage your business and personal financial needs more effectively.

Just click on the article titles below to view the complete text.

 
Used Vehicle Donation Rules
There are strict rules for charitable contributions of used motor vehicles, boats, and airplanes that apply to donations valued at over $500. If these rules are not met, a taxpayer cannot claim a charitable deduction. This article explains how the rules work and how taxpayers can verify their donation of a used vehicle, boat, or plane.
 
Temporary Credit for First-time Homebuyers
The recent American Housing Rescue and Foreclosure Prevention Act of 2008 (Housing Act) created a temporary credit to encourage home ownership.
 
Are You a Business Owner or Hobbyist?
Many of us would like to turn our hobby into a regular business. That's fine as long as the business turns a profit. And, it may be fine as well if the business produces a loss and you enjoy the activity; even better if the loss can offset income from your day job.