Halloween on Wall Street started much too early this year, and it was all trick and no treat. It has been really scary. Scary, like when we review reports on retirement accounts and other mutual fund holdings, and scary to even turn on the news to hear the newest, breathless threat to our economy here and globally. We have, as you know, been in much, much better shape than many other parts of the country.

With little more than a week left in 2008 the Internal Revenue Service wants to remind taxpayers to be aware of recent tax changes as well as some recently reinstated tax deductions.
“A simple review of your current tax situation may result in a bigger refund or less taxes to be paid come tax time,” said IRS Spokesperson Luis D. Garcia.
The Internal Revenue Service offers these tax tips for you to consider.

Some Texans consider it the next best thing to paradise, returning year after year to enjoy its comfortable climate and affordable prices.
Located near the midpoint of Mexico's west coast, Puerto Vallarta sprawls around tranquil Banderas Bay at the feet of the jungle-clad Sierra Madre mountains. It records 345 sunny days per year, with average high temperatures of 28 C (86 F) from January to April and 31 C (92 F) from May to December.

While the spirit of giving seems to grow during the holiday season, the IRS reminds taxpayers to keep some important points in mind when making donations with the expectation of deducting them on a federal tax return.
Taxpayers can deduct donations only if they make them to a qualified tax exempt organization.
"The IRS website allows taxpayers to search for many charitable organizations online with Publication 78," said IRS spokesperson Luis D. Garcia. “Qualified organizations can include non profit groups that range from religious to scientific, charitable to educational, or that work to prevent cruelty to children or animals. Generally, organizations will be able to tell you whether they are federally tax exempt and eligible to accept tax-deductible donations."