The fiscal cliff hits January 1, 2013, a few days away. Congress and the White House still are unable to reach an agreement on the Tax Code and spending cuts. Remember, the budget is really a version of your checkbook. It is a matter of how much money you pay out (expenditures and entitlements) and... [Read More]
Steven developed a thorough plan to meet our complicated needs with a blended family and special needs child in a timely manner. - Cheryl F.
Mr. Jackson made a tough process easy and painless! - Kyle M.
"Integrity, trust - a rare item - it's here! - Ron F.
The Tax Opportunity Door Is Closing
The Bush Tax Cuts are scheduled to expire on December 31st. We know from what we are hearing in negotiations between the Speaker of the House and White House, that taxes are going up. Whether it is the expiration of the Bush Tax Cuts or the implementation of a new Tax Code, whether this year... [Read More]
Merry Christmas, Seasons Greetings & Happy New Year
We want to wish everyone a Merry Christmas, Seasons Greetings and a Happy New Year. My dad said that “The older you get, the faster time moves” and he was not kidding. 2012 has flown by. The year had many highs and lows and they’re will be much change in 2013. We’re thankful for all... [Read More]
What is AMT?
The Alternative Minimum Tax is a Tax Law that was put in place years ago to stop people who were “Wealthy”, but were not paying income taxes due to deductions. The “Wealthy” included anyone making approximately $45,000.00 per year and up. When Congress created the Alternative Minimum Tax they “forgot” to put in a “cost... [Read More]
Why the need to update Estate Plans
Your Estate Plan needs to be regularly reviewed and updated. Three major parts of your Estate Plan are constantly moving. The first is the relationships with the people who have roles as Trustee, Personal Representative, Health Care Agent and Financial Power of Attorney and other roles. Those people in those roles may need to be... [Read More]
Special Needs Class Well Received
Steve’s continuing education class for professionals on special needs planning was well received by the CPAs, Insurance and Financial Professionals in attendance. Some of the information received that was most meaningful to the attendees included: “The ability to keep the challenged child on SSI and Medicaid if properly done.” “Special Needs Trusts clarification.” “The relationship... [Read More]
What Is the Fiscal Cliff?
On December 31 the tax cuts across the board (which where implemented in 2001, while George W. Bush was president) will expire and rates will rise on almost every tax level on almost every type of tax and every type of income earned. Also, as part of a budgetary settlement between the parties, there is... [Read More]
Your Rental House Puts Your Personal House at Risk
If you own a rental house or apartment, where others are paying rent to reside on your property, it should never be titled in your personal name. If so, and a tenant falls in the bathtub or on the stairs, your liability for their injuries, which could be lifelong, could take all of your assets. ... [Read More]
Your Taxes, Your Vote
The outcome of the national and state elections will determine what is likely to happen with the Tax Code in the immediate future. It is fascinating that expert advisors are already setting up on-line and telephone continuing education for immediately after the election on the anticipated new tax codes. They already have a pretty good... [Read More]
You Have to Prepare for Storms
In the same way that you have to prepare for physical storms of life, such as hurricanes, high winds, and snow storms, you have to be prepared for the other storms in life. Those storms can include stroke, dementia, heart attack, mental disability, your children’s divorce, car wreck law suits, and law suits by tenants... [Read More]