IMPORTANT: The tax law gives two choices to the executors of estates of decedents who died in 2010: Choice #1 is to apply the old 2010 rules Choice #2 is to apply the newly enacted 2011 and 2012 estate tax rules If you are the executor of an estate (of someone who died in 2010), which choice makes sense for you? You’ll find answers in our new article titled Tax Tips: Tax … [Read more...]
Dealing with the new estate and gift tax rules
The bad news: Nothing is certain except death and taxes. The good news: Thanks to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (better known as the Bush tax cut extension package) a new, temporary, federal estate and gift tax has been established for 2011 and 2012. Want to learn how to use the new estate tax rules to provide big … [Read more...]
Is a Health Savings Account (HSA) right for you?
A Health Savings Account (HSA) can offer a great opportunity to save on insurance costs and create an investment nest egg. But the fact is, an HSA isn’t right for everyone. That’s why it’s so important to read our new article titled Tax Tips: Seeing the HSA in Action for One Year. Three ways our fact-filled article can help you: We’ll go over the simple math with you. To … [Read more...]
How tax-deductible repairs can make you money
Here’s an important fact you should know: FACT: Repairs to property produce more after-tax cash than improvements do! Want to find out more about how repairs can put cash in your pocket? Read our new article titled Tax Tip: The Classic Repair—the Farmer’s Creamery Case. Three ways our fact-filled article can help you: We’ll explain the latest IRS rulings. On November 12, … [Read more...]
Protect yourself in an IRS audit of repairs
IMPORTANT: It’s urgent that you read this new article if you are planning to make repairs or improvements to your property. Take a minute right now and read our latest article titled Tax Tips for Repairs—A Short Litany. Three ways our fact-filled article can help you: We’ll give you examples of repairs that passed IRS muster. We’ve listed eight repairs and that’s just for … [Read more...]