When I called, each of the companies read from the same script. "You are not personally responsible for this debt. This account is now closed and frozen and will no longer accrue interest or penalties. As the personal representative, you will hear from our probate department."
This week’s interview on Financial Insider Weekly is with Dean Fabro of Bank of the West Our interview subject is "Small business financing".
The Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, extends the reduction of alternative minimum tax (AMT) liability for nonrefundable personal credits, including the credit for nonbusiness energy property and the credit for residential energy efficient property, through 2011.
California has adopted tax credits for new home purchases and first-time homebuyers. The credits are available for qualified taxpayers who purchase a qualified residence on or after May 1, 2010 and before January 1, 2011. Since there are ceilings on the total credits available for all taxpayers, it will be wise to apply for them early.