Year: 2008
Happy New Tax Year – Changes in 2009
Tonight at midnight, of course, will be the start of 2009. With the change in the calendar year comes several significant tax…
529 College Savings Plan Investments May Be Adjusted Twice Yearly in 2009
The IRS recently announced in Notice 2009-1 that in 2009 the investments in 529 College Savings Plans may be adjusted twice, as opposed to…
Bush Signs Worker, Retiree and Employer Recover Act of 2008
This morning President Bush signed H.R. 7327, the “Worker, Retiree and Employer Recovery Act of 2008” (WRERA). The law suspends Required Minimum…
The 12 Keys to Proper Estate Planning
All of us know the Christmas song The 12 days of Christmas. Keeping with the holiday theme, I have come up with…
Deductibility of Estate Planning Legal Fees
Contrary to what many of my clients assume, legal fees for general estate planning are not deductible for income tax purposes. Estate…
Medicare Part D – An Overview
From the most recent NAELA eNewsletter: By Terri Tersteeg Overview After the conclusion of World War II, employer provided health care benefits…
Medicare Part D – An Overview
From the most recent NAELA eNewsletter: By Terri Tersteeg Overview After the conclusion of World War II, employer provided health care benefits…
IRS Offers Free Tax Guide for Individuals
From IR 2008-142: WASHINGTON — The IRS has placed its comprehensive tax guide for individuals on IRS.gov, updating it for tax year 2008….
Required Minimum Distributions to be Suspended?
This update is courtesy of Barry C. Picker, CPA: It looks as if Congress has passed, and sent to Pres. Bush, H.R….
It may not seem like it, but Now is the Time to Plan
Difficult topics when planning for your estate is a recent article on the Chicago Tribune’s website that discusses the advantages of wealth transfer…
