Buying a new car in 2009?

If you are a Massacushetts resident and plan to buy a new car soon, June is the month!

Sales tax on new vehicles will rise to 6.25% on July 1st, 2009. You will be able to deduct sales tax on your 2009 income tax return (some income and deduction limits) whether or not you itemize.

2009 Graduations

Congratulations to Joann Pina as she graduates today from UMass Dartmouth with a B.S. in Finance, minor in Accounting! Well done - we're very proud of you!

Decoration Day

Memorial Day was originally called Decoration Day and was celebrated on May 30th!

From General Orders: "Let us, then, at the time appointed, gather around their sacred remains, and garland the passionless mounds above them with choicest flowers of springtime; let us raise above them the dear old flag they saved; let us in this solemn presence renew our pledge to aid and assist those whom they have left among us a sacred charge upon the Nation's gratitude—the soldier's and sailor's widow and orphan."

It is a pity that, while we decorate the graves and raise the flag, we do little to honor the sacred charge to aid the widow and orphan!

Do You have a Tax Question?

• E-mail tax questions to info@ameritaxpros.com
• Sign e-mail with your initials and home state (e.g. ABC, NJ)
• We will post relevant simple questions and answers to Ameritax Talk in minutes

Failure to file a tax return

Did you know?

• there is a proposal afoot to make repeated, willful failure to file a tax return a felony