KDV Wealth Management
Featured on National Media
In today's economy, who can you turn to for trusted
advice? The national media turns to the experts
at KDV Wealth Management. With recent appearances
on Bloomberg Radio, The Denver Post, The Boston Globe,
CNNMoney and more, you can be confident in the experience
and personalized service you'll receive. To learn
more, visit us at www.kdv.com
or contact Dave Hinnenkamp directly at 320-650-0216.
Do you qualify for
child or dependent tax breaks?
The
Internal Revenue Code contains a variety of exemptions,
deductions and credits designed to ease the federal
tax burden on people with children or other dependents.
For many years, these provisions had different definitions
of “qualifying child.” This inconsistency caused a great
deal of confusion among taxpayers and led to a lot of
tax return errors. The Working Families Tax Relief Act
of 2004 (WFTRA) sought to simplify this aspect of the
tax code by creating a uniform definition of qualifying
child. For the most part, it appears that the act has
succeeded. This article explains how to determine whether
someone is a qualifying child for purposes of several
of the most common tax breaks.
Full Article
Extra credit — Expanded
tax benefits for qualified research
The
research and development (R&D) credit has been around
for more than 20 years. And despite continual efforts
by supporters to make the credit permanent, the tax
break remains a temporary one. Nevertheless, each time
the credit has expired, Congress has renewed it. Most
recently, the R&D credit expired at the end of 2005.
But the Tax Relief and Health Care Act of 2006 (TRHCA)
extended the credit for another two years, through the
end of 2007, and expanded it. This article looks at
the changes to the credit and the new alternative, simplified
credit that may make these benefits available to businesses
that had trouble qualifying in the past.
Full Article
KDV Earns Chairman's
Award of Excellence from United Way of Central Minnesota
This spring, KDV's St. Cloud
office was honored to earn the Chairman's Award of Excellence
from United Way of Central Minnesota. According
to Loren Viere, Managing Partner at KDV, "Our committee
did an outstanding job in helping their fellow employees
understand how United Way of Central Minnesota supports
others within our community." KDV also earned
a spot in the Top 20 Employee Gifts in 2006. "We
encourage our employees to be involved in some way with
professional and civic volunteering," says Viere.
"It's a way for us to better our community in which
we work and live."
See more details.
Joint purchases —
How a simple estate planning tool can save a lot of
taxes
Estate
planning seems to get more complicated all the time.
But there are still a few techniques available that
are straightforward and easy to implement — and produce
significant tax savings. This article reviews one such
strategy: the joint purchase, also known as a split
purchase, detailing the advantages and disadvantages.
Full Article
Tax tips — Nothing
is certain … not even taxes
This
section presents brief notes on uncertain tax positions,
installment plans, the alternative minimum tax and donor-advised
funds.
Full Article
