Corrections and clarifications.Sharon Sledzik, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , who volunteered with the tax call-in program with the Akron Beacon Journal The Akron Beacon Journal is a morning newspaper in Akron, Ohio, and published by Black Press Ltd.. It is the sole daily newspaper in Akron and is distributed throughout Northeast Ohio. The paper places a strong emphasis on local news and business. , is with Schlabig & Associates. Further regulations have clarified the New Vehicle Deduction covered in the article "Ohio's piece of the pie: How the Economic Recovery Act affects you" from the May/June issue of Catalyst. Taxpayers and preparers need to consider the following RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. observation: Taxpayers who have qualified motor vehicle taxes for 2009 will have to determine which deduction maximizes their tax benefit for 2009: (i) A standard deduction The name given to a fixed amount of money that may be subtracted from the adjusted gross income of a taxpayer who does not itemize certain living expenses for Income Tax purposes. that includes qualified motor vehicle taxes (see [paragraph] A-2812), (ii) An itemized deduction Itemized Deduction A deduction from a taxpayer's taxable adjusted gross income that is made up of deductions for money spent on certain goods and services throughout the year. for state and local income taxes, plus a separate itemized deduction for qualified motor vehicle taxes (above and [paragraph] K-4518 et seq.), or (iii) An itemized deduction for state and local general sales taxes claimed in lieu of the itemized deduction for state and local income taxes (see [paragraph] K-4510 et seq.). |
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