October 2010 Posts

  • Is Your 403(b) Account Safe from Creditors?

    403(b) plans are employee-funded retirement savings plans offered by educational institutions and 501(c)(3) charitable organization. While the plans of private schools are automatically covered by the Employer Retirement Income Security Act 0f 1974 (ERISA), public schools and universities are exempt. ...
  • Estate Tax Debate Continues

    The federal estate tax is a big issue in many congressional races, with proponents of repeal arguing that it severely impacts family businesses and farms. See this article in the online version of the Wall Street Journal....
  • IRS Announces 2011 Cost-of-Living Adjustments

    In Revenue Procedure 2010-40, the IRS provides 2011 figures for many items in the tax code. Of particular note to my readers:...
  • Tax Breaks to Disappear in 2011?

    Congress left Washington with a big pile of unfinished tax issues still on the table. Under tax laws enacted in the past decade, many popular tax provisions expired at the end of last year, or they expire at the end of 2010....
  • Helping Elderly Parents in Dealing with the IRS

    Brian Dooley, CPA in his International Tax Counselor’s Blog, recently authored a helpful post on the use of IRS Form 56, Notice Concerning Fiduciary Relationship, for helping aging parents and others manage any issues that arise with the IRS. ...
  • Little Thought-of Reasons to Complete an Estate Plan

    So maybe the prospect of protecting your family, preserving your assets, and saving taxes doesn’t motivate you to get your estate planning done. If so, here are some less-mentioned benefits of completing a plan with an estate planning attorney:...
  • Estate Tax Action Still Uncertain

    Here’s the latest from theHill.com. Bottom line – nobody knows what’s going to happen when Congress is back in session. ...
  • Medicare Part D – It’s that time of year again to review your Prescription Drug Plan

    The Center for Medicare Advocacy, Inc. reminds us that it’s that time of year again to make choices and change your current prescription drug plan....
  • Run, Don’t Walk to Your Estate Planning Attorney

    Time is running out – we are in the last quarter of 2010, with a host of dramatic changes in the tax laws approaching:...
  • What’s Involved in Serving as Executor?

    If you’re asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or administrator of an estate can involve a great deal of work, depending on assets and the complexity of the estate....