Tips of the Month - January, 2010

QuickBooks:

Adding a frequently used Screen to the ICON Bar:

1. Open the screen that you would like to add
2. Click on the View menu
3. Click Add “name of screen” to ICON Bar
4. Click OK

Tax:
Refinancing a Home Mortgage

Loan charges listed on a refinancing settlement sheet are NOT deductible. Only the interest paid from the date of closing until the end of the month is fully deductible in the year paid. Any points paid are also deductible but must be amortized over the term of the loan.