Many tax payers overpay the amount they are legally obligated to simply because they don't understand the deductions they have available to them. This section is intended to help provide information and education as to the many ways individuals and businesses can legally reduce their tax liability to the correct amount - no more, no less. Many do not understand the tax laws and thus end up paying too much - either shorting themselves or their business. This can never replace the need for an accountant or tax professional to prepare your taxes or provide you with specific advice.

"Virtually all persons or objects in this country....may have a tax problem." - Supreme Court Justice Potter Stewart (1959-1981)

Like most laws containing tax provisions, the title of the newly passed Pension Protection Act of 2006 only tells part of the story. The legislation, which President Bush signed on August 17, 2006, does contain numerous provisions involving pension plans, but it also includes changes in the tax rules for charitable deductions, college savings plans, and more.