Tax Season PSA Scripts for tax year 2004

If you have any comments or suggestions, please e-mail Director of Communications Amy Welch at awelch@oscpa.com.

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1. Cyber Savings for 2004 (Windows Media File)

   It's tax time again. Computers and other equipment used on the job or to monitor your investment portfolio could be tax deductible. But be careful - the rules can get tricky for electronic gear and other so-called “listed property.” Get tax Forms 4562, 2106, and Schedules A and C -- and save money.

   Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

2. Carryovers and Carryforwards - (Windows Media File)

   It's tax time again. Don’t overlook carryovers from last year – they could be worth big bucks. Check last year’s Schedule “D” for “unused” capital losses – and check Form 4952 and Schedule A to claim “leftover” investment interest. Examine Schedule A for “charitable” carryforwards, and Form 8582 to mine benefits from so-called “passive activities.” Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

3. Resolved…for ‘05 - (Windows Media File)

   It's tax time again. Plan for next year’s taxes today.Load up that 401-K or 403-B plan at work, and start early! Why?Because limits are up to $14,000 – plus $4,000 more if you’ll be 50 or older in 2005.So you’ll need to leave “room” for the boss to pull enough off your W-2 Form by year-end. Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

4. Job Search 2004 - (Windows Media File)

   It's tax time again. Hunting for a better job in your field last year?If so, some of your expenses are tax deductible. Costs for agency fees, resume prep, interview travel, lodging, and part of your meals qualify, as well as fees for psychological testing and career counseling. Follow Form 2106 and Schedule A.

   Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

5. Auto 2004 - (Windows Media File)

   It's tax time again. Tax laws can soften the high price of gas. Deduct treks from your main office, even if it’s at home, to customers or clients, or to take job-related courses. Drives between work sites or from home to temporary work count, too. Use Form 2106 or Schedule C to claim mileage or actual costs including depreciation, whichever saves most. Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

6. Wall Street 2004 - (Windows Media File)

   It's tax time again. Expenses to earn investment income or to manage or maintain income property are often tax deductible. These include subscriptions, safe deposit fees and interest to carry investments…postage, trips to your bank or broker, some expenses of computer gear, and certain insurance and storage charges. Use Schedules A and E and Form 4952. Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

7. New for '04 - (Windows Media File)

   It's tax time again. List your state sales tax deduction of Schedule A, Line 5, but only if it saves more than any state income taxes you might have paid. Watch brand new Line 24 on Page 1 for a big break if you’ve been on National Guard duty. And now, Schedule C offers a new business start-up deduction for many folks who might have opted to go on their own last year. Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

8. Home 2004 - (Windows Media File)

   It's tax time again and tax-wise, there’s no place like home! Look for deductions in acquiring or improving your main home – and even on some refinancings.And, of course, claim property taxes, and most mortgage and home-equity interest. Home office breaks have even become more generous of late.Study Form 8829, and save money. Visit O-S-C-P-A dot com for more tax tips. A message from the Oklahoma Society of CPAs and this station.

9. :15 Tax Tips - (Windows Media File)

   Before time runs out, get free money-saving tax tips. Visit O-S-C-P-A dot com. A message from the Oklahoma Society of CPAs and this station.

10. :15 Tax Tips #2 - (Windows Media File)

    Visit O-S-C-P-A dot com for money saving tax advice. A message from the Oklahoma Society of CPAs and this station.

11. :15 Tax Tips #3 - (Windows Media File)

    Need tax help? Visit O-S-C-P-A dot com for money saving tax tips. A message from the Oklahoma Society of CPAs and this station.

12. :10 Tax Tips - (Windows Media File)

    Before time runs out, get free money-saving tax tips. Visit O-S-C-P-A dot com.

13. :10 Tax Tips #2 - (Windows Media File)

    Visit O-S-C-P-A dot com for money-saving tax advice.

14. :10 Tax Tips #3 - (Windows Media File)

    Need tax help? Visit O-S-C-P-A dot com for money-saving tax tips.