Are you or someone you know, getting close to drawing Social Security? Do you think the only choices available are whether to start drawing at age 62, full retirement age (FRA), or later? You may have more options than you think… and those choices may not be presented to you unless you ask. Calculations are made based on your FRA and then reductions or credits are applied.

When you sell stocks, mutual funds or other capital assets you will still report the gains or losses on Form Schedule D when you prepare your 2011 tax return. But this year you must first show the sales activity on a new form—Form 8949 .

When you sell stocks, mutual funds or other capital assets you will still report the gains or losses on Form Schedule D when you prepare your 2011 tax return. But this year you must first show the sales activity on a new form—Form 8949 .

In a recent Tax Court case (Bonds, TC Summ. Op. 2011-122) the Court said that a lack of tenants is not sufficient grounds to deny a rental expense deduction.

For businesses that have workers in the state of Ohio, Workers’ Compensation (OBWC) premiums can be a sizable, but necessary, expense. What can you do to help reduce costs in this area?

A new tax credit for businesses that hire unemployed veterans is now in effect. The credit amount varies with how long the veterans have been unemployed. It is 40% of the first $14,000 of wages paid to a veteran ($24,000 in wages if the vet is disabled) who have been jobless for six months or more in the year before they were hired. The credit is 40% of the first $6,000 of wages for vets who have been out of work at least four weeks but less than six months.