PricewaterhouseCoopers 2009 Guide to Tax and Financial Planning

In order to understand how the 2008 tax laws will affect you - and properly plan your financial future - you need clear explanations, not complicated tax jargon. With this accessible guide, the tax professionals at PricewaterhouseCoopers take a straightforward approach to explaining how today's tax rules may affect your personal finances and how you may benefit from available opportunities. Throughout the book, they outline ways to handle your investments, plan for your retirement, pay for your children's education, realize tax savings, and much more.

ISBN 0470284986   Pages 360 ISBN13 9780470284988 (What's this?)   Volumes 1 Publisher John Wiley and Sons Ltd   Weight (grammes) 466 Imprint John Wiley & Sons Ltd   Published in Chichester Format Paperback   Series title Pricewaterhousecoopers Guide to Tax and Financial Planning: How the Tax Law Publication date 12 Dec 2008   Height (mm) 230 Library of Congress KF   Width (mm) 161 DEWEY 332.02401   Spine width (mm) 26 DEWEY edition DC22   Academic level General

Acknowledgments. Introduction. About PricewaterhouseCoopers. How to Use This Book. Let's Get Started. Tax Law Changes and Financial Planning. Chapter 1: The Year Ahead. Recent Legislation. The Alternative Minimum Tax. Individual Rates on Income, Capital Gains, and Dividends. Estate Tax. Be Prepared Chapter 2: Getting Ready for 2010. Income Tax. Income Tax Rates. Phaseout of Phaseouts for Higher-Income Taxpayers. Reduction in Child Tax Credit. Reduced Tax Rate on Qualified Dividends. Reduced Tax Rate on Long-Term Capital Gains. Expensing of Business Property. Mortgage Insurance Premiums. Mortgage Foreclosure Forgiveness. Roth IRA Conversions Available to all Taxpayers. Estate Tax. Gift Tax. Generation-Skipping Tax. Chapter 3: Investments and Stock Options. Tax Issues Related to Investing. Capital Gains. Exceptions to the 15 Percent Rate. Collectibles, Qualified Small Business Stock, and Depreciated Real Estate. No More Advantage for Five-Year Gains. Netting Rules. Capital Losses. Wash Sale Rule. Protecting and Postponing Stock Gains. Qualified Small Business Stock. Careful Record Keeping: Identification of Securities. Dividends. Short Sales. Foreign Tax Credit. Margin Accounts. Interest Expense and Investment-Related Expenses. Investment Vehicles and Stock Options. Mutual Funds. Exchange-Traded Funds. Real Estate Investment Trusts. Preferred Stocks. Alternative Investments. At-Risk Rules. Passive Activity Losses. Tax-Exempt and Taxable Bonds. Taxable Tax-Exempt Bonds. Bond Premium or Discount. Nonqualified Stock Options. Incentive Stock Options. Stock Option Exercise Methods. Restricted Stock and Other Stock-Based Compensation. Putting It All Together: Structuring a Tax-Efficient, Diversified Portfolio. Idea Checklist. Chapter 4: Retirement Planning. Employer Plans. Qualified Retirement Plans. Defined Contribution Plans. Defined Benefit Pension Plans. Nonqualified Deferred Compensation Plans. Your Resources. Keogh Plans. Simplified Employee Pension Plans. Traditional and Roth Individual Retirement Accounts. Roth 401(k). Higher Contribution Limits. Traditional Individual Retirement Accounts. Conversions to Roth Individual Retirement Accounts. Tax Credit for Retirement Saving. Charitable Remainder Trusts. Tax-Deferred Annuities. Universal Variable Life Insurance. Professional Retirement Services. Social Security. Required Retirement Plan Distributions. Idea Checklist. Chapter 5: Life Insurance. Types of Life Insurance. Term Life Insurance (and Variations). Universal Life Insurance. Whole-Life or Ordinary Life Insurance. Mixed Whole-Life and Term Insurance. Variable Life Insurance. Second-to-Die or Survivorship Insurance. Insuring the Breadwinner. How Much is Enough? For How Long? The "Pension Max" Technique. Liquidity for Estate Taxes. Whose Life? How Much Coverage Is Enough? For How Long? What Kind of Insurance? Diversification. Owner and Beneficiary. Policy Owner. The Insured as Owner. The Spouse as Owner. The Children or Grandchildren as Owners. A Qualified Plan as Owner. An Irrevocable Trust as Owner. The Three-Year Rule. A Partnership or Limited Liability Company as Owner. A Corporation as Owner. Policy Beneficiary. The Irrevocable Life Insurance Trust. Withdrawal Right. Contingent Marital Deduction. Choice of Trustee and Trustee Powers. Generation-Skipping Consideration. Survivorship Life Insurance Complications. Community Property Complications. Life Insurance as an Investment. Private Placement Variable Life Insurance. Hedge Fund Life Insurance. Education Funding. Retirement Accumulation, aka the Private Pension. Charitable Contributions. Donations of Life Insurance. Charitable Remainder Trust and Asset R

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