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Congressman Bob Turner recently introduced the Tax and Education Assistance for Children (TEACH) Act of 2012. The bill will provide a tax credit of up to $5,000 for families who send their children to private schools and eliminate “double...
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Many victims of financial crimes blame themselves for not seeing through the scam. No matter what we call them—con artists, con men or scamsters—they’re criminals. They steal our money. They’re not just people next door...
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The continuing recession has played havoc with commercial real estate values. These depressed valuations combined with a very low-interest rate environment and a temporary $5,000,000 gift tax exemption—or $10,000,000 for a husband and...
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Sometimes buying an existing business is a better option than starting one from scratch. After all, someone else has done much of the legwork for you—such as establishing a customer base, hiring employees, and negotiating a lease. Still,...
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Are you ready for your golden years? If you are considering retiring, make sure you’ve got enough money to last the rest of your life. You’ll need to manage that money to beat inflation and minimize taxes. But the financial issues are...
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The federal estate tax exemption is at an all-time high of $5 million per person ($10 million for a husband and wife). If you add the value of all assets, including retirement accounts, businesses, life insurance and personal assets, many...
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The Tax Relief, Unemployment Insurance Authorization and Job Creation Act of 2010—which for the sake of brevity we are going to call the Act from here on—significantly changes federal tax laws regarding estate taxes, gift taxes and...
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Wealthy individuals should seriously consider making taxable gifts and paying gift taxes before the end of the year. Yes, I suggested that you should pay gift taxes.
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Socially responsible investing (SRI) describes an investment strategy that combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices that are environmentally...
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In the midst of a world economic crisis, millions of families will be challenged in ways that can cause significant negative effects on their lives. As a marriage and family therapist in South Florida, economic stress is one of the main reasons why...
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