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Everything you own at the time of your death may be considered to be part of your estate.
This usually includes your home, bank accounts, insurance policies, and any other
important assets. Have you thought about what will happen to all of these things when
you're gone and where the control of these things will be? A carefully developed estate
plan can save your estate recipients and your family a lot of trouble. Read this article
to find out what goes into an estate plan.
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Financial Planning Checklist
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Have you ever considered paying your "children's" mortgage and then claiming it
as a deductible gift on your next tax return? How about what might happen with property
sales to your children? You better reads this
article before you find yourself in a bind or miss out on these useful (and fun) ways to
save.
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| Are You Getting Good
Financial Advice? |
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With all the various sources of financial advice that is available to us today (including
books, the Internet, magazines, friends, relatives, and professional advisors), how do we
know what we're hearing is good advice? This article encourages careful listening followed
by deciding for yourself if you are or not using this age-old technique. |
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| Swap Tactic Lets
You Defer Capital-Gains Tax |
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"Like-Kind Exchange" can apply to many kinds of real estate trade-ups. Section
1031 is valuable to those involved in trading and can also be very tricky (and costly) if
not carefully executed. This article is an interesting introduction to section 1031 and
highlights many of its advantages along with some important planning tips. |
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| Are You A Tax Time Bomb? |
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Learn the Six Commandments for Staying Out Of Jail and how simple they really are to
follow. The last thing we all want is a painful and expensive federal audit. When
executed, these six items can help you sleep soundly at night. |
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| How
To Neutralize The IRS's Power |
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Considering that that the IRS is solely responsible for collecting Federal taxes
and imposing penalties for late, understated, or evasive filings, the IRS poses
one of the largest financial threats to many individuals and business owners.
Here's how to neutralize their power. |
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| How
To Avoid An Audit Completely |
| Successfully avoiding audits,
while still claiming significant deductions is possible if you follow 11
simple steps.
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| Yearly Tax Calendar |
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Although timing of some activities is critical, it's important to review all tax
considerations from the perspective of your specific needs and establish an individualized
planning calendar. This short article highlighting key points of yearly tax planning,
broken up into quarters, is a great guide to model your customized plan by. |
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| Current
Tax Rates |
| The tax rates seem to change
every year. Here's the rates for the current year. |
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