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Organize Your Financial Life In 2007 While it's not all estate planning-related, here's my plan for organizing your financial life, one month at a time, in 2007. Most of these items shouldn't take more than an hour to do. JANUARY: Start the new year off right,... Fitch Rates New York State HFA $135MM Income Tax Bonds 'AA-' Fri Mar 9, 07:55 pm GMT Probate Act Project... And On To 2007 I've finally finished Step 1 of my probate project -- posting the Illinois Probate Act in its entirety on my website, here. Next up: 1. Putting interactive probate forms for Cook County up on my site. [expected completion date: 1/07]... This Blog Has Moved! The Death and Taxes Blog has moved, and is now integrated into my website. Please click here to visit this blog at its new location. Note to subscribers: to continue to receive updates to this blog, you may need to... Theragenics Restates 2006 Net Income Theragenics Corp. has restated its 2006 profit upward after it discovered an income tax benefit increase. Drive Products Income Fund: Drive Products Income Fund Announces March 2007 Cash Distributions And The Tax Treatment Of 2006 Dis TORONTO, ONTARIO (MARKET WIRE) As indicated in the prospectus for its initial public offering, Drive Products Income Fund (TSX: DPI.UN) today announced a cash distribution of $0.09167 per unit for the month of March, 2007 (equivalent to $1.10 per unit on an annualized basis). The distribution is payable to unitholders of record on March 30, 2007 and will be paid on April 13, 2007. What Is The Difference In Tax Rates Between Ordinary Income And Capital Gains? The topic of this article is the answer to the following question: what is the difference in tax rates between ordinary income and capital gains? Let’s start the article by going over what exactly capital gains are. Capital gains is... Felon-turned-philanthropist Set To Admit Tax Fraud A felon-turned-philanthropist who pledged reward money in several high-profile crimes will admit that he failed to report more than $4 million in income and illegally possessed a handgun, court documents state. School Taxes Not The Same, But ... (The Longview News-Journal) Question: A person 65 or older owns a $75,000 home and school taxes are frozen. If he sells the home and buys one for $125,000, do his school taxes remain the same? Dealbook: Of Private Equity, Politics And Income Taxes If the tax collector gets his way, members of the leveraged-buyout crowd could soon be forced to add some zeros to the taxable income line on their federal forms. Teachers Retract Solicitations For Help Paying Taxes On Prize Dodge Viper Won On 'The Price Is Right' (Southeast Missourian) KANSAS CITY, Mo. -- A Kansas City couple who won a fancy new car but couldn't afford the taxes put up a Web site asking for donations to help them pay the taxes. But on Saturday they took the Web... Plan Alters Use Of Property Taxes (The Indianapolis Star) A top Republican lawmaker is considering pitching a plan that eliminates the use of local property taxes to help pay for K-12 classroom instruction. Sullivan County Tax Sullivan County officials are holding a series of meetings to discuss imposing an economic development income tax of point-3 percent on wages.Comment Save For Retirement And Save On Taxes (The Beacon News) Any financial advisor will tell you that saving part of your income each year will help you be more financially secure when you retire. In many cases, you can save for retirement and save taxes right now. The government helps you save by reducing your tax when you set aside money for retirement. Winners Of Sports Car Withdraw Request For Help Paying Taxes (The Wichita Eagle) A Kansas City couple who won a fancy new car but couldn't afford the taxes put up a Web site asking for donations to help them pay the taxes. Delaware Valley Owed $40.7M In Unclaimed Refunds PHILADELPHIA Tax payers who failed to file an income tax return in 2003 could be among 31,816 Delaware Valley residents who are owed refund totaling $40.7 million.Comment You And Yours Blawg On Beneficiary Designations I've been working on getting this blog transferred over to its soon-to-be new home, at www.jas-law.com, as well as trying my hand at some other types of writing, so posting will go down to 2-3 days a week for the... New Tory Plans For 'Green' Air Taxes (FOX 5 Atlanta) The Tory Party is to unveil radical proposals for a set of new environmental taxes intended to curb air travel - but their plans are already facing a backlash from airlines. Google And SEC In Tax Dispute Google and the Securities and Exchange Commission have been in dispute since March over "various issues" including the way in which Google accounts for income tax, the search giant revealed on Friday.Comment Flaherty Eyes Tying Income Trust Tax To Federal Budget Federal Finance Minister Jim Flaherty said Wednesday he is "inclined" to put his tax on income trusts into his March 19 budget. Introduction To Powers Of Appointment, Part 1 One of the unfortunate aspects of estate planning is the terminology. There are lots of words and phrases that sound the same, which can be confusing to laypeople. For instance, there are living wills and Wills -- these are two... Life's Tax Advantages Life insurance has exceptional income tax characteristics. Here are three situations where the tax advantages can benefit you. A Petition Drive Underway To Get The Vote Out On The New Lane County Income Tax Three local men are kicking off a campaign called "We Said No". Now they want you to say yes to their signature effort.Comment Paramount Energy Trust: Paramount Energy Trust Advises On 2006 U.S. Income Tax Reporting CALGARY, ALBERTA (MARKET WIRE) (TSX: PMT.UN) The following information is being provided to assist U.S. individual Unitholders of Paramount Energy Trust ("PET") in reporting distributions received from PET during 2006 on their Internal Revenue Service ("IRS") Form 1040, "U.S. Individual Income Tax Return" ("Form 1040"). Families May Be Eligible For Refunds Through Earned Income Tax Credit HUNTINGTON -- Many hard-working families with lower incomes are missing out on thousands of dollars in tax refunds, and special assistance is available in all area counties to help those who qualify for the ...Comment Snowbirds Seek Voice In Conversation Over Property Taxes (Sun-Sentinel) Canadian snowbird Dory Kilburn is determined to get Florida legislators' attention. She joined a Boynton Beach group collecting signatures for a petition calling for tax reform. Most of the 2,500 condominium owners in the Boynton Intracoastal Group are seasonal residents overwhelmed by rising property taxes. Income Tax Option Not Great For City Schools When you hear that the Dayton school board is seeking a property tax levy of 15 mills, one reasonable thought is, Isn't there a better way? The hike would come to about $25 a month for people who have the ...Comment Married Couples Can File Taxes Jointly Or Separately (Boston Globe) Harvey "Buz" Aaron, senior tax manager at Braver PC in Newton, answered readers' tax questions last week. Aaron has been doing individual taxes for about 25 years. Here are excerpts from his chat on boston.com: Q I have been separated from my wife for seven years but we continue to file joint returns. She does not have any taxable income. ... Teachers Retract Solicitations For Help Paying Taxes On Prize Viper (Jefferson City News Tribune) KANSAS CITY, Mo. (AP) - A Kansas City couple who won a fancy new car but couldn't afford the taxes put up a Web site asking for donations to help them pay the taxes. But on Saturday they took the Web site down and told people they regretted asking for money. Dial Up Dollars With Tax Refund The federal government wants to give you money. There is no punch line, but the joke could be on those who do not include the Telephone Excise Tax Refund on their 2006 income tax returns.Comment Host Of Politicians Officials of the Income Tax Department and Enforcement Directorate are preparing to get the Swiss bank lockers of Pune horse owner Hasan Ali opened.Image: http://www.ibnlive.com/pix/common/bullet.gif Allegations are flying thick and fast that Hasan is acting as a front man for a host of politicians, industrialists and film financiers and laundering money. Please explain the highlighted grop of words. A Petition Drive Underway To Get The Vote Out On The New Lane County Income Tax Three local men are kicking off a campaign called "We Said no". Now they want you to say yes to their signature effort.Comment Santa Clara Co.: Free Tax Help Available Volunteer Income Tax Assistance, an annual service coordinated by the Internal Revenue Service and supported by over 100 volunteers is up and running at four volunteer centers throughout the county, according ...Comment Akron Mayor Urging Tax Hike To Pay For Services, Growth Akron Mayor Don Plusquellic said today he'll be actively promoting his proposed income tax hike between now and the May ballot. He says he's held the line on spending for more than 20-years, but now it's essential to raise city income in order to pay for basic services. But possibly the largest ticket item on the mayor's agenda is money to entice economic development. WKSU's Karen Schaefer reports. Aquila Swings To 4th-quarter Profit On Tax Benefits Aquila Inc. on Thursday swung to a fourth-quarter profit as an income tax benefit offset lower sales.Comment Commons Committee Calls For Trust Tax Changes Ottawa should either slash its proposed tax rate on income trusts or extend the tax-free transition period from four to 10 years, the Commons finance committee said Wednesday. Bill In Legislature Would Cut State Taxes On Social Security Benefits (KY3 Springfield) Supporters say Missourians already pay taxes on Social Security benefits when they're working, so they shouldn't have to pay again. Efile Tax Returns Still Offline The Canada Revenue Agency says a computer glitch may keep itselectronic filing system for income tax returns out of service for afew more days. Open Tax Solver 4.06 (Default Branch) OTS is an easy program for calculating personal income tax form entries and taxes-owed or refund due. It handles forms such as US-Fed-1040, with forms A, B, C, D, AMT worksheets, and state income taxes, as well as Canada and UK income taxes. License: GNU General Public License (GPL) Changes: State Tax updates for VA, OH, and NY for 2006 were added. The OTS package also contains US 1040, with Scheds. A, B, C, D, and updates of State Taxes for MA, NJ, PA, NC and CA for 2006. Some improvements were made to the GUI. Filing Your State Tax Returns Most states collect income taxes, too. And most want them on the same date your federal return is due. Check out Bankrate's updated state tax roundup.   The general information in this publication is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties