Year-End Financial and Tax Planning Checklist

Like many of you, I have quite a bit of down time between Christmas and New Year’s Day.  I use some of my year-end downtime to think about any last minute moves I should make to maximize financial and tax planning strategies for this year and to prepare for the new year.

This is a list of money moves I have done or will be doing before the end of the year. Read more

New Rules for Capital Gains Taxation of Second Homes

The IRS has targeted vacation homes, second homes, and even rental homes with new rules that govern taxation of capital gains. These new rules go into effect January 1, 2009.  Because ownership (or desire of ownership) of vacation homes is most common among baby boomers, it is an important issue to consider. Read more