In This Issue
Saving for College: Qualified Tuition Plans Provide Options
Renting Your Home: A Hidden Source of Tax-Free Income
Exchanging Business Property: New Rules Limit Options
Health Insurance for Your Business: A Simple Error May Deny Your Deduction
Quick Links
Reminders
Reminder   

August 10
* File Form 941 for the second quarter if you timely deposited all required payments.

September 17
* Corporations: File calendar year Form 1120S if you timely requested a 6-month extension.

*Partnerships: File calendar year Form 1065 if you timely requested a 6-month extension.

*Individuals: Pay the third installment of your 2018 estimated tax - Use Form 1040-ES.

> Other important dates
August 2018
 

It's already August! Which means the October 15 IRS deadline for those who requested a filing extension is fast approaching. Are you ready? If you need some help, we're a phone call away.
Individuals
Saving for College: Qualified Tuition Plans Provide Options

If you find yourself eyeing a private middle school for your kid and wishing you could access some of that college money, don't despair. > The good news 
House for rent

Renting Your Home: A Hidden Source of Tax-Free Income

Is opera season or Balloon Fiesta something you look forward to or avoid? If either finds you packing your bags to head out of town, you have an opportunity on your hands! > Tax-free income how-to
Businesses
Exchanging Business Property: New Rules Limit Options

Did you know that the business property you'd like to sell and the one you'd like to buy can be swapped, in terms of avoiding a large tax liability on the sale? But there's a change in the tax code. > Read up on it
Health insurance
Health Insurance for Your Business: A Simple Error May Deny Your Deduction

As you deliberate over coverage for yourself and/or your wonderful employees, consider some guidelines. For example, in the case of C corporations, policies must be established by the business and in the business' name.   > More here
Need help with the new rules on exchanging business property? Call our office at 505-984-0646 to schedule your tax appointment.