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Intra-Family Planning: 5 Wealth Transfer Strategies to Consider

In Charitable Gifting, College & Education Savings, Estate Planning, General Financial Planning, Insurance, Personal Financial Planning, Retirement Planning, Tax by Chip Hymiller

Through hard work and sound financial planning, some find themselves in situations in which they are contemplating intra-family financial planning. That is, identifying financial planning techniques that can be used to financially strengthen the next generation—children and grandchildren.

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NC Tax Reform Proposal Comparison

In Tax by Chip Hymiller

This one page document compiled by the NC Association of CPAs, compares various tax reform bills that are currently being debated by the NC legislature.  To find out more, go to

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Highlights of the Taxpayer Relief Act of 2012

In Cash Flow and Budgeting, General Financial Planning, Personal Financial Planning, Tax, The Economy by Chip Hymiller

For the last several weeks, the media spent a great deal of time covering the fiscal cliff and the upcoming changes in the tax code. At the eleventh hour, Congress passed the American Taxpayer Relief Act of 2012 that seeks to solve some of the tax questions that have been hanging over our heads for the last several months.

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Which Portfolio Accounting Method is Best?

In General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Tax by Chip Hymiller

How do you track the cost basis on investments held in your taxable portfolio? What portfolio accounting method does your broker, custodian or advisor report to you or your CPA? This is a decision that, for some investors, can save thousands of dollars in taxes and ultimately make a significant difference in a portfolio’s after-tax rate of return.

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Tax Relief and Job Creation Act of 2010

In Estate Planning, General Financial Planning, Personal Finance, Tax, The Economy by Chip Hymiller

Well, Congress finally enacted the tax reform bill that many have been anticipating for some time. In general, the new law extends the Bush-era tax cuts for two years and provides taxpayers with some certainty during this period. While this comprehensive piece of legislation covers many aspects within the tax code, here is a summary of some of the major points.