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FEBRUARY 20, 2008
IRS announces AMT-affected tax return processing back on track
The Internal Revenue Service is now processing five tax forms affected by legislation involving the Alternative Minimum Tax (AMT).

New IRS tax form helps homeowners with mortgage relief
Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return, according to the Internal Revenue Service.

IRS provides details of tax rebate program
The Internal Revenue Service is advising taxpayers that in most cases they will not have to do anything extra this year to receive the tax rebate payments beginning in May. The rebates are part of the economic stimulus bill that was signed into law last week.

Creating a stress free busy season
You can thrive, not just survive, during this busy season. You just need to do five things. These tips will help you reduce stress, relax, and breeze through the busy season feeling rested, grounded, and in control.

Marketing during busy season? It's easier than you think!
It happens every year. Firms get so bogged down during the busy season (and who doesn't?) that business development and marketing get pushed aside. But the reality is that just a few months later, those same firms are often reviewing poor growth numbers without realizing they just missed their best opportunity to grow.

Workplace wellness tips for this coming busy season
Today's workplace isn't like your grandparents' -- we're connected to work as never before by cell phones, pagers, PDAs, and laptops. So it is essential to learn techniques to keep us focused on our work, to keep us productive and to create enjoyment in each workday. Here are some tips to handle your workplace stress.

Leveraging busy season discussions to nurture relationships
This time of year, accountants spend many hours a day talking to clients, prospects, and referral sources. Did you know that busy season discussions can be leveraged to enhance your effectiveness as an advisor and nurture existing relationships? By incorporating a few open-ended questions into busy season conversations, you can elevate the value of the dialog.

Editor's Note

You certainly don't need us to tell you it's busy season. Just look around you at all the work you have to do. Isn't it great? To help you get through the long days (and nights) this spring, we've searched through our archives and polished off some of the more useful articles and tips that have helped our readers in previous tax seasons. In addition to a look at the latest tax news, this mailing provides you with some advice on making the most of marketing to clients during this time of year and some tips for stress relief. Two more months - you can do it!

Gail Perry, CPA
Managing Editor

P.O. Box 2252, Westerville, OH 43086-2252
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