That’s part of the plan. How will you be affected? In 2013, wealthy Americans will pay extra Medicare taxes. Congress, President Obama and the IRS are putting a surcharge on the wealthy to help fund the health care reforms. Beginning in 2013, joint filers with adjusted gross incomes of $250,000 or greater and single filers [...]

If it’s late in the year, you may be able to push your gain into next year. 1031 exchanges can prove very useful. Every day, real estate investors exchange out of investment or business properties for “like-kind” properties while deferring capital gains – all thanks to Internal Revenue Code Section 1031. The exchanger, of course, [...]

A blip in the bull market? Or is more selling ahead? A look at some opinions. Sooner or later, a bull market experiences a correction: a decline of at least 10% from a peak. We’ve now seen the first correction in the present bull market: the Dow went below 10,000 on May 25 (and rebounded).1 [...]