1 / 13

2008 Year-End Tax Law Update

2008 Year-End Tax Law Update Hosted by: Thomas K. Ambrose Discussion with: Kevin Hill, Tax Manager, Fesnak & Associates, LLP. Housekeeping.

helmut
Download Presentation

2008 Year-End Tax Law Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2008 Year-End Tax Law Update Hosted by: Thomas K. Ambrose Discussion with: Kevin Hill, Tax Manager, Fesnak & Associates, LLP

  2. Housekeeping In consideration of others, please mute your phones. In the interest of time, this is an informational webcast, with questions to be asked “offline”. A recorded playback of this call will be available by dialing: (712) 432-1285 code: 762457# A digital recording can be emailed to participants upon request.

  3. Thomas K. Ambrose, CEA Since 1978 Mr. Ambrose has been focused on developing and implementing new industry leading Wealth Management Strategies and Programs and Portfolio Management Services for the affluent business owner, highly compensated executive professional, and high net worth retiree. Today he conducts public, private, and corporate sponsored educational workshops and seminars throughout the Delaware Valley on wealth management and preservation techniques. Mr. Ambrose graduated from Salisbury State University with his BS in business and finance. Mr. Ambrose is also a member of the International Association of Financial Planners, and the Pennsylvania and Delaware Estate Planning Councils. Kevin Hill, Tax Manager

  4. Agenda A discussion between Tom Ambrose and Kevin Hill will be covering the following topics:1) Personal Tax Law Changes One-year AMT “patches” Extended “popular” tax breaks2) Timing of Income & Expenses3) Executive Compensation4) Tax-Smart Investment Decisions5) Estate Planning6) Myths of Tax Filing & IRS Audits7) Individual, Employment, and AMT Tax Rates

  5. Personal Tax Law Changes • One-year AMT “patch” • Expanded AMT exemption amounts • Personal tax credits • Changes to refundable AMT credit rules • Outstanding AMT liabilities forgiven

  6. Personal Tax Law Changes • Extended “Popular” Tax Breaks • Charitable donations from IRA’s • College tuition deduction • Optional sales tax deduction • Energy-friendly home improvements • Increase to casualty loss deduction • Favorable refund child credit rules

  7. Timing of Income & Expenses • Bunching of Deductions • Recognition or Deferral of Income

  8. Executive Compensation • Non-qualified deferred compensation, Stock Options, Restricted Stock • Timing of deferral and distribution

  9. Tax-Smart Investment Decisions • Recognize or Defer Capital Gains • Tax Loss Harvesting & Wash Sale Rules • Tax Pitfalls of Mutual Fund Investing • Municipal Bonds • 529 Plans • Annuities – Non-qualified & Charitable • Retirement Account Setup Deadlines

  10. Estate Planning • 2008 Gifting • Start or Stop? • Increase or Decrease? • Discounted Valuations

  11. Myths of Tax Filing & IRS Audits • Tax Filing Myths • Red Flags • IRS Audits

  12. Additional Info • Individual Tax Rates • Employment Tax Rates • AMT Tax Rates

  13. Thank You • Ambrose Wealth Management • Thomas K. Ambrose, CEA & Peter N. Blok • 810 Baltimore Pike, Suite 1 Chadds Ford, PA 19317 • (610) 388-4424 • www.ambrosewm.com • Fesnak & Associates, LLP • Kevin Hill • 1777 Sentry Parkway West, Gwynedd Hall, Suite 400 Blue Bell, PA 19422 • (267) 419-2230 • www.fesnak.com

More Related