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Since 1991
Timothy P. Deegan
CPA & Company
9200 NW. 36th Place Suite-A
 Gainesville, Florida 32606

 Ofc. 352.337.0020
 Fax 352.337.0040
 Cell 352.494.6197
Coverdell Savings Accounts
A Coverdell Education Savings Account (ESA) is a savings account created as an incentive to help parents and students save for education expenses.

IRA Contributions
If you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for last tax year, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15 due date for filing your tax return for last year, not including extensions.

ROTH IRA Contributions
Confused about whether you can contribute to a Roth IRA? The IRS suggests checking these simple rules.
These Tax Tips are focused
on Finance

Capital Gains and Losses
Almost everything you own and use for personal purposes, pleasure or investment is a capital asset. The IRS says when you sell a capital asset, such as stocks, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss. While you must report all capital gains, you may deduct only your capital losses on investment property, not personal property.
We welcome any questions or comments you may have. Feel free to contact us at any time by clicking on the link to the left.
Office...             Cell...              Fax...                 Email...
352.337.0020      352.494.6197   352.337.0040       Taxdeegan1@aol.com   
Timothy P. Deegan, CPA & Company
9200 NW. 36th Place Suite - A
 Gainesville, Florida  32606-6688