The exclusion for cancellation of debt income for a principal residence mortgage is scheduled to expire after 2012.
How can you invest socially responsibly and sustainably?
This week’s interview on Financial Insider Weekly is with Peggy Martin, ChFC, MSFS of The Family Wealth Consulting Group. Our interview subject is "Socially responsible and sustainable investing."
What alternative investments can you make besides stocks and bonds?
This week’s interview on Financial Insider Weekly is with with Craig Martin, CFP of The Family Wealth Consulting Group. Our interview subject is "Alternative investments besides stocks and bonds."
Last chance for S corporation shareholders to pay low tax now for avoiding high penalty tax later
Since the 35% federal penalty tax on excessive passive investment income and threat of termination of the S election only apply when the S corporation has undistributed C corporation earnings and profits, these issues can be eliminated by distributing those earnings and profits. The distribution can be "deemed" to be made without making a distribution of cash or assets by election of the S corporation's shareholders. A low 15% federal tax currently applies to these distibutions, scheduled to increase to up to 43.4% after 2012.
What are some basics you should know about investing?
This week’s interview on Financial Insider Weekly is with with Craig Martin, CFP of The Family Wealth Consulting Group. Our interview subject is "Investing basics."
Can your unpaid federal tax bill be reduced or cancelled?
Yes, there is some truth to those commercials you have seen on television. In some cases the IRS can reduce or cancel an unpaid federal tax bill. The name of the procedure for this reduction is an offer in compromise.
How does financial planning work in action?
This week’s interview on Financial Insider Weekly is with with Dick Blakeley, RIA, of The Blakeley Group, Inc. Our interview subject is "A financial planning case study."