Stimulus Payment Mailing Schedule Based on Social Security Numbers.
Beginning May 2, more than 130 million stimulus checks will be sent out. Checks will be distributed based on the last two digits of taxpayers' Social Security numbers. Jointly filed returns will be scheduled based on the first Social Security number listed. For more details about when you will receive your stimulus check, click Full Article.
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Eight Little-Known Tax Deductions That Can Lower Your Bill.
Recently, MarketWatch interviewed tax experts on little-known deductions you are likely to qualify for. As a tax expert, Chris Shorba, a KDV privately-held partner commented on tax deductions for home buyers, volunteer involvement, and properly allocating investment management fees. Read more about the eight little-known tax deductions that can lower your bill by clicking the full article.
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QuickBooks Seminars Offered at KDV
Join KDV QuickBooks experts on Wednesday, May 14, 2008 in Minneapolis from 8:00am-12:30pm for QuickBooks Level II or Tuesday, May 20, 2008 in St. Cloud from 8:00am-Noon for QuickBooks Level I. Each session is geared towards the user and you'll take away valuable skills and insights you can apply immediately. To register, go to http://www.kdv.com/quickbooks/ or call 320-251-7010.
Should you donate real estate to charity?
The real estate "bubble" may have burst, but many landowners continue to hold property that has appreciated significantly in value. One option for tax efficiently divesting such real estate is to donate it to charity. But there are several tax traps for the unwary. This article explains the obstacles and how to sidestep them.
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Many happy returns -- Total return unitrusts align beneficiaries' interests
At times, traditional trusts can create conflicts among beneficiaries, making it more difficult for a person's estate plan to achieve its objectives and placing trustees in a difficult position. A total return unitrust (TRU) may offer a solution. This article details how a TRU works and discusses how to use a TRU for postmortem planning.
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Estate planning in the 21st century
The digital revolution has changed virtually every aspect of life, and estate planning is no exception. Today, many people do business, communicate and manage their finances online. The result is a wealth of "digital assets," which may take the form of e-mails, online accounts or other information stored on the Web or remote servers. Unfortunately, in many cases, when the owners of these assets die, the user names, passwords, security codes and other protections die with them. This article explains why it's important to leave loved ones with instructions on how to access digital accounts.
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Estate Planning Pitfall -- You and your spouse own most of your property as joint tenants
There's a common misconception that holding property as joint tenants with rights of survivorship is an effective estate planning technique. But if a person's wealth exceeds the $2 million estate tax exemption and that person and his or her spouse own most of their property as joint tenants, the person is losing out on valuable estate planning opportunities. This short article discusses a better strategy: owning property as tenants in common.
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