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Permanent Place of Abode: Can I Call a Plumber?

So those of you who have been avidly reading my blog (thanks, Mom) know we have been examining the “permanent” aspect of Permanent Place of Abode (PPA). We will continue […]

Art Appraisal Critical for Donation Purposes

Valuable works of art may be ideal candidates for lifetime charitable donations. Generally, it’s advantageous to donate appreciated property because, in addition to reducing your taxable estate and garnering an […]

Year-end Strategies to Reduce Taxes on Investment Income

While economics — not tax consequences — should drive your investment decisions, it’s important to consider taxes. Higher income taxpayers may be facing the 39.6% short-term capital gains rate, the 20% long-term […]

Success and Failure Are Not Permanent, So Why Is My Abode?

Last week we briefly hinted to one of the linchpins of statutory residence; the permanent place of abode or PPA. So crucial is this term of art to a determination […]

Relocating? Investigate Community Property Laws

Here’s one more item married couples must investigate if considering relocating to another state: How will a new state’s laws affect your property rights?

Tax-deductible Contributions to Qualified Charities

Donations to charities are generally tax-deductible if the charity is qualified by the Internal Revenue Service. You can check with the IRS’s online search tool, Exempt Organizations (EO) Select Check […]

Saving for college through a 529 savings plan

You should start saving for your children’s college education long before they start attending college. Saving through a Section 529 plan may provide you with several benefits. While contributions are […]

Where You Rest Your Weary Bones May Have No Impact on Tax Residency

As avid readers of my blog already know (see last week’s installment), most states have a two-pronged approach to pulling you in as a resident and consequently taxing you on […]

Irrevocable Trusts for the Young and Wealthy

With no crystal ball, it is impossible to predict one’s wealth and net worth decades into the future. Yet for the young and affluent, those who have been born into […]