Is your portfolio ready for higher taxes and inflation?

The days of robbing Peter to pay Paul have come home to roost. For the first time in our history, the U.S. credit rating was downgraded last summer. Today our debt stands at over $15 trillion. Add the pressure of huge, underfunded programs like Medicare...

Can I Deduct That? Answers to your pressing tax questions

Tax time for individuals brings up questions about what can and can't be deducted. Here are general answers to some common and not-so-common questions about deductions for individuals. Remember, everybody's situation is different, so consult with your tax advisor regarding any deduction.I lost money in...

Special Considerations for Second/Vacation Homes

How do you insure a vacation home?You'll want to insure your vacation home against damage and loss. Your homeowners policy will provide liability coverage for you at your vacation home. However, most homeowners insurance policies provide only limited coverage for personal property at an additional...

Gifting to Avoid Estate and Gift Taxes

U.S. taxpayers are experiencing a "perfect storm" of opportunity to make tax-free transfers (gifts) of assets such as family businesses, real estate and other wealth from one generation to the next. The gift tax was first enacted in 1932 by the federal government after the...

Tax Changes You Need to Know About

Although there aren't a lot of changes that affect 2011, there are a few important items to note: 2012 will bring many changes for state tax returns that will require more planning than many of us are used to.There are changes being implemented by...

Self-Directed IRAs: Proceed with Caution

With the poor economy, many IRA owners are desperately looking for better returns, which might prompt them to consider self-directed IRAs. But investors need to proceed with caution down the self-directed IRA path.Self-directed IRA accounts allow IRA owners to invest their retirement assets in unique...

Industrial Strength

Why demand for industrial properties is growing - and who's buyingGRAND TRAVERSE CO. - Driving around Grand Traverse County, it's hard to miss the dozens of empty industrial buildings for sale. A 61,000 square-foot warehouse on Barlow. The giant, 80,000 square-foot former Lear Manufacturing complex...