Welcome to the website of Totherow, Haile, & Welch, CPAs, PLLC. Please contact us if we can help you with auditing, accounting, QuickBooks, tax planning and preparation, estate planning or other related needs. Totherow Haile & Welch 2355 South Chancery Street McMinnville,TN 37110 Phone 931-668-1272 Fax 931-668-2752 Newsletters Brace yourself for a sea change in the tax law Navigating revised payroll Form 941 to maximize your HIRE credit Common IRA contribution and distribution mistakes How Do I? Report interest from savings bonds? FAQ: Can I deduct the costs incurred doing charitable work? July 2010 tax compliance calendar Could you be personally liable for your company's employment tax obligations? Keep an 'arms length' when transacting with family members Provide for family members while achieving your giving goals with charitable lead trusts Estate planning for retirement plan assets FAQ: How much of a reprieve is filing for an extension? Making gifts to minors: How generosity can help ease your tax bill FAQ: What tax deductions am I entitled to as an investor? How do I?…Pay my payroll taxes electronically How do I...report interest on U.S. savings bonds? Could a Health Reimbursement Arrangement be in your future? How do I...Obtain back tax returns or account information from the IRS? FAQ: The IRA that I converted to a Roth IRA has gone way down in value. Any tax relief available? FAQ: Must I retain original business expense receipts if I computer scan them? Tax penalties: How much can a mistake, or worse, cost? Prove it! IRS demands less proof of business expenses in certain situations Reap the full benefit of business advertising costs Like-kind exchanges: Don't overlook a valuable business and tax planning tool FAQ: Must I retain original business expense receipts if I computer scan them? No bright line between businesses and hobbies How Do I? Calculate required minimum distributions for my traditional IRA FAQ: When are back social security payments included in income? How about repayments? FAQ: Will renting my vacation home mean big tax write-offs? How Do I? ... Keep a log for automobile expenses FAQ: What kinds of moving expenses are deductible? FAQ: When does a gift require a gift tax return? How to pay off your tax debt FAQ: Should I borrow from my 401(k)? IRS increases standard mileage rate; But does "actual expense method" yield better results? How Do I? Figure the value of clothing and household goods I donate to charity How Do I? Figure the first-time homebuyer tax credit? FAQ: What's the difference between an HSA, FSA and HRA? Back to school expenses: Putting the tax rules to work