The Estate Roadmap

Would you handle my estate? You will probably answer with a quick yes if your parents or a close friend asks you to be the executor or trustee of their estate, but this could be a time consuming job for 6 months or more.  One way to make the job easier is to request a “roadmap for the estate”.  While the will defines who will be inheriting assets, the roadmap will catalog the assets, accounts, debts, benefits, insurance policies including telephone numbers and accounts.  The roadmap is not a legal document, but it will make the process of handling an estate easier.  Include where key documents, such as titles and deeds are held.

2008 Year End Tax Planning

The downturn in the economy has everyone asking what they can do to recover from setbacks such as investment, real estate and job losses.

Stimulus Act of 2008 signed into law on February 13, 2008 is designed to jump-start the U.S. economy by injecting $152 billion into the U.S. economy. More than 100 million Americans will receive rebate checks this year, along with child payments for qualifying children. Businesses can take advantage of two tax breaks: enhanced Code Sec. 179 expensing and bonus depreciation.  more

Housing and Economic Recovery Act of 2008

Congress passed, and President Bush signed into law on July 30, 2008, a $300 billion housing bill to help restore confidence in the housing market and addressed the subprime mortgage crisis. more

2008 Q2 Federal Tax Developments

Summer is here and the tax news continues to come at a frantic pace. Not only did Congress pass two new tax laws, the IRS also gave taxpayers some relief at the gas pump and sent out tens of millions of economic stimulus payments.  more

Economic Stimulus Act of 2008

The Economic Stimulus Act signed into law on February 13, 2008 is designed to jump-start the U.S. economy by injecting $152 billion into the U.S. economy. More than 100 million Americans will receive rebate checks this year, along with child payments for qualifying children. more