Taxes and Accounting

Long Term Care Insurance for Business Owners and Executives: Tax Benefits Often Overlooked

Author: LTC Financial Partners LLC
Dateline: Tue, 24 Feb 2009

freeNewsArticles Story Summary: “KIRKLAND, Wash., Feb. 24 (SEND2PRESS NEWSWIRE) -- For people in business, there's good news on the long term healthcare front. They can often insure themselves for less, thanks to favorable tax legislation. 'Most owners or executives can use company dollars for a tax-deductible plan for themselves, their spouse, and dependents,' says Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP), one of America's most experienced long term care insurance agencies.”



A R T I C L E:

Welcome Relief for the Hard-Pressed Business Sector

KIRKLAND, Wash., Feb. 24 (SEND2PRESS NEWSWIRE) -- For people in business, there's good news on the long term healthcare front. They can often insure themselves for less, thanks to favorable tax legislation. "Most owners or executives can use company dollars for a tax-deductible plan for themselves, their spouse, and dependents," says Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP), one of America's most experienced long term care insurance agencies. "This is huge, but most business people miss out for lack of knowledge."

Denise GottFor millions of owners and executives, the dollar savings are threefold (when all conditions are met):

(1) The LTC policy is paid for, often completely, using company funds; and the payments are treated as a tax-deductible business expense.

(2) The premiums are not usually added to the business person's income (with some exceptions), adding no personal tax liability when the conditions are met.

(3) The benefits, when claimed, are tax-exempt.

"For most companies, even small ones, this can make a difference of hundreds to many thousands of dollars a year," says Gott. "Benefits for medium to big companies can range into the hundreds of thousands to millions." Associations and non-profits also stand to benefit.

The benefits apply, in varying ways, to sole proprietorships, partnerships, C-corporations, S-corporations, and limited liability companies. The business entities have the choice of providing the tax-favored insurance just for the owners and their spouses and dependents; or to selected executives important to the organization's success (in an "executive carve out"), or to all employees. When all employees are to be covered, the business has the choice of paying all or some of the premiums, or paying nothing and simply presenting the insurance as an employee-funded benefit option.

"Employees appreciate the coverage option even when they pay," says Gott, "because many carriers offer organizational discounts." Also, a payroll-deduction plan may be implemented, adding convenience.

Details are available from LTCFP's more than 500 state-licensed agents nationwide. They may be found at web.ltcfp.com/ltcfp/find-agent.aspx.

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Copyright © 2009 by LTC Financial Partners LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Long Term Care Insurance for Business Owners and Executives: Tax Benefits Often Overlooked
• REFERENCE KEYWORDS/TERMS: Denise Gott LTCFP, , , tax deductible healthcare, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 24 Feb 2009 06:29:25 GMT].

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Long Term Care, Taxes and Accounting

Information on Tax-Deductible Long Term Care Insurance Now Available Through Your Tax Advisor, Thanks to LTC Financial Partners

Author: LTC Financial Partners LLC
Dateline: Thu, 12 Feb 2009

freeNewsArticles Story Summary: “KIRKLAND, Wash., Feb. 12 (SEND2PRESS NEWSWIRE) -- Tax time is a good time to ask your accountant about long term care insurance. Why? 'Because this special form of insurance can make a big difference in your tax liability and overall financial security,' says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners LLC (LTCFP), one of America's most experienced long term care insurance agencies.”



A R T I C L E:

KIRKLAND, Wash., Feb. 12 (SEND2PRESS NEWSWIRE) -- Tax time is a good time to ask your accountant about long term care insurance. Why? "Because this special form of insurance can make a big difference in your tax liability and overall financial security," says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners LLC (LTCFP), one of America's most experienced long term care insurance agencies.

Jonas RoeserRoeser's organization offers free long term care insurance information to certified public accountants (CPA's) and other tax advisors. This information is then made available, without added fees, to the public. "During tax season, there are two reasons to ask your tax advisor about long term care insurance," says Roeser. "First, if you already have a policy, you may be eligible for a significant deduction -- one often overlooked. Second, if you don't have a policy, your accountant can guide you (with our help) to an affordable one that brings tax deductions or other benefits year after year."

The information that LTCFP offers to tax advisors consists of printed matter and by-phone consultation on alternative long term care policies available from multiple state-certified insurance carriers. "Any policy may be tax-deductible," says Roeser, "but long term care insurance is complex. You want to get the best policy for your situation -- at the lowest cost and positioning you with the best tax and other financial advantages." It's also important, he points out, to choose a top-rated insurance carrier with a good record of rate stability and customer service.

Currently, long term care insurance tax deductions, when applicable, range from a few hundred dollars to nearly $4,000 per year. "The amount goes up each year," says Roeser. "Your tax advisor can give you the details."

When appropriate, LTCFP specialists make themselves available to meet with an accountant and the accountant's client together. "We're not tax experts, the tax advisors are," says Roeser. "But we're aware of the tax legislation and we bring the actual long term care insurance options to the party."

The tax and other financial benefits of long term care insurance may be especially important for business owners and people with substantial estates. "A big reason for bankruptcy is the uncontrolled cost of care that often occurs late in life," he says. "Long term care insurance can protect against that, and this can be a much bigger benefit than mere tax deductions."

Tax advice is not available to the public from LTCFP, Roeser emphasizes, saying people should request assistance from their tax advisor, who may then request LTCFP's special input. "Just have them get in touch with us," he says. The web address for tax advisors is www.ltcfp.us/ltcfp/LTC-tax-adv.htm.


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Copyright © 2009 by LTC Financial Partners LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Information on Tax-Deductible Long Term Care Insurance Now Available Through Your Tax Advisor, Thanks to LTC Financial Partners
• REFERENCE KEYWORDS/TERMS: tax deductible healthcare, , , long term care, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Thu, 12 Feb 2009 15:46:43 GMT].

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Taxes and Accounting

Tax Deduction Often Overlooked – Long Term Care Insurance

Author: LTC Financial Partners
Dateline: Tue, 16 Dec 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., Dec. 16 (SEND2PRESS NEWSWIRE) -- Want to keep some of your tax money or get a bigger refund? Then remember, if you have long term care insurance, that deductions are allowed for the premiums you pay. If you don't have long term care insurance but intend to get it, remember the tax break that will be due you for 2009. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies.”



A R T I C L E:

KIRKLAND, Wash., Dec. 16 (SEND2PRESS NEWSWIRE) -- Want to keep some of your tax money or get a bigger refund? Then remember, if you have long term care insurance, that deductions are allowed for the premiums you pay. If you don't have long term care insurance but intend to get it, remember the tax break that will be due you for 2009. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies.

CEO Cameron Truesdell"Many people with LTC policies don't realize they can deduct hundreds or even thousands of dollars," says Cameron Truesdell, CEO of LTCFP. According to the Internal Revenue Service, the amounts deductible as medical expenses in 2008 can be as high as --

* $3,850 if you're 70 or over
* $3,080 if you're over 60 but not over 70
* $1,150 if you're over 50 but not over 60
* $580 if you're over 40 but not over 50
* $310 if you're 40 or under

"Those who don't have policies, but want them, can set themselves up now for nice deductions next year," Truesdell says. The amounts deductible as medical expenses in 2009 can be as high as --

* $3,980 if you're 70 or over
* $3,180 if you're over 60 but not over 70
* $1,190 if you're over 50 but not over 60
* $600 if you're over 40 but not over 50
* $320 if you're 40 or under

"We don't offer tax advice," says Truesdell, "but we team up with accountants and other tax experts to help their clients get all the deductions available to them for policies they have or might obtain. We're the experts on everything to do with long term care insurance." LTCFP has formed strategic alliances with banks, accountants, other financial advisors and tax preparers, and organizations such as the National Association of Estate Planning Attorneys.

Truesdell strongly urges individuals and companies to investigate all the tax advantages that may be available to them. Extending beyond those shown in the above tables, the potential benefits include these:

* When a policy is designed to pay on a per-diem basis, a limited portion of the benefits may be excluded from taxable income.
* When a policy is paid for out of a Health Savings Account (HSA), there can be tax advantages.
* For businesses, there are tax breaks that can be especially attractive. For example, opportunities exist for some business owners to deduct premiums without having to satisfy the 7.5 percent medical expense threshold amount.

How can you make sure you don't miss out? "Ask your tax expert to check into every deduction that may apply in your case," Truesdell advises. "We're glad to help. We'll meet with anyone's accountant, tax attorney, or other advisor -- now or closer to the tax deadline." In Truesdell's national organization, more than 550 experts are available by phone or Internet.

Requests for help, at no change, may be made at www.ltcfp.us/ltcfp/taxbreaks.htm.

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Copyright © 2008 by LTC Financial Partners and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Tax Deduction Often Overlooked - Long Term Care Insurance
• REFERENCE KEYWORDS/TERMS: Health Savings Account info, , , long term care tax deduction, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 16 Dec 2008 06:30:28 GMT].

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Taxes and Accounting

Rethink Holiday Cash Gifts Earmarked for Education

Author: Reduce My College Costs, LLC
Dateline: Mon, 15 Dec 2008

freeNewsArticles Story Summary: “LITTLETON, Colo., Dec. 15 (SEND2PRESS NEWSWIRE) -- Many people are worried about skyrocketing college costs. As a result, parents of high school seniors often suggest that grandparents make donations to junior's college fund in lieu of holiday gifts. Reduce My College Costs, LLC warns that this is not a wise solution. While many older generations want to help the younger set with the financial burden of education, their generosity may devastate their family's finances.”



A R T I C L E:

LITTLETON, Colo., Dec. 15 (SEND2PRESS NEWSWIRE) -- Many people are worried about skyrocketing college costs. As a result, parents of high school seniors often suggest that grandparents make donations to junior's college fund in lieu of holiday gifts. Reduce My College Costs, LLC warns that this is not a wise solution.

Reduce My College CostsWhile many older generations want to help the younger set with the financial burden of education, their generosity may devastate their family's finances.

"What most parents - and even their financial planners - don't realize is that the timing of financial gifts is critical in determining how much their family pays for college," Marc R. Hill, CCPS, RFC(R), CCFC, CAFC, founder of Littleton, Colo.-based Reduce My College Costs, LLC, says. "Do it incorrectly, and not only will the child lose scholarships and other forms of gifted aid, but the family will also be expected to contribute more, financially, toward the child's education."

Hill explains that when cash gifts are given to high school seniors for Christmas or Hanukkah, the money is in the child's name and bank account when the family completes the Free Application for Federal Student Aid (FAFSA) in January. The FAFSA is used to determine the Expected Family Contribution (EFC), which is usually the minimum dollar amount a college expects a family to contribute toward their child's education in any given school year. Families with more money are expected to pay more for their child's education; families that are less well-off are not expected to contribute as much.

The EFC calculation is primarily based upon an assessment of parental and student income and asset values. The income and assets attributable to the student are assessed at a higher rate than those of the parents. Hence, grandma's gift is assessed at the maximum rate which is reflected by increasing the initial Expected Family Contribution.

A higher EFC also indicates a student does not need financial help in the form of scholarships and other types of gifted aid, which do not require repayment. Instead, the student will qualify only for loans and other forms of assistance that require repayment, which can result in thousands of dollars in interest charges.

So, what's the bottom line? According to Hill, "Between the increased EFC and lost gifted aid, the $5,000 gift given to a loved one during their senior year of high school could feasibly cost the child a total of $3,000 or more over the course of his or her college career. That means the value of the gift is really only $2,000. The good news is that these painful consequences can be avoided by ensuring that the gift is given at the right time - and in the right way."

A financial planner by training, Hill now works full-time as a publisher and coach to educate families about ways to dramatically cut college costs.

"Saving money is only one consideration when putting a child through college," Hill says. "To fully leverage educational investments, it is important to understand how the financial-aid formula will be affected by how and when investments are used. The choice made could cost or save families tens of thousands of dollars."

Hill publishes a free monthly e-newsletter, the "College Savings Tip Sheet." New subscribers receive two issues of Hill's monthly eight-page newsletter, "Affording College," as well as a special report: "The 3 Most Dangerous Mistakes Financial Planners Make with 529 Plans That Could Force You to Pay MORE for College!"

To learn more, visit: www.reducemycollegecosts.com or call Marc R. Hill at: 866-675-5031 (toll free); or 303-954-0200 (office).


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Copyright © 2008 by Reduce My College Costs, LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Rethink Holiday Cash Gifts Earmarked for Education
• REFERENCE KEYWORDS/TERMS: Reduce My College Costs, , , College Savings Tip Sheet, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Reduce My College Costs, LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 15 Dec 2008 11:01:28 GMT].

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Taxes and Accounting

Savvy Homeowners Are Turning the Table on Lenders

Author: National Loan Audits
Dateline: Tue, 18 Nov 2008

freeNewsArticles Story Summary: “WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) -- National Loan Audits announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan Document Audit to determine if their lender complied with all federal and state regulations when preparing their loan documents.”



A R T I C L E:

WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) -- National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan Document Audit to determine if their lender complied with all federal and state regulations when preparing their loan documents.

The Truth in Lending Act (TILA) applies to loans secured by your primary residence and any violation of this statute, regardless of how minor or seemingly insignificant, can have major consequences for the lender. Hence a borrower seeking a loan modification can gain immense leverage if TILA violations are discovered during a forensic loan document audit.

Even a $35 miscalculation on the lender's part could be an actionable offense under the TILA, allowing you to rescind the loan and receive a refund of all closing costs and interest payments made since its consummation. Damages could easily exceed $50,000 for a borrower with a $250,000 mortgage. So the threat of a costly lawsuit is usually enough to persuade the lender to come to the negotiating table and find a way to help you work through your financial difficulties as opposed to pursuing foreclosure.

In a forensic loan review, a mortgage auditor scours your loan documents looking for errors in the Truth-in-Lending statement the lender provided on the day you signed your closing documents. The lender's annual percentage rate, disclosed to you so you could have compared loan costs is checked for accuracy. The mortgage auditor also looks for excessive or undisclosed closing costs and missing or deficient state and federal disclosures in addition to signs of fraud and misrepresentation by the loan officer or broker who prepared and submitted your loan application package.

If the truth-in-lending statement doesn't match the HUD-1 settlement statement you received at closing or if the annual percentage rate (APR) is off by just an eighth of a percentage point, you might have cause for legal action against the current holder of the note, even if your loan was funded by a different lender and subsequently sold. To avoid getting caught in a costly lawsuit most lenders will eagerly negotiate a loan modification as opposed to fighting an expensive legal battle.

Typically, forensic loan audits are only ordered by national banks and institutional mortgage investors prior to purchasing large pools of loans to determine what kind of legal liability they may be facing. But National Loan Audits, based in Rockville, Maryland, a Washington, D.C. suburb, is now offering comprehensive Loan Document Reviews to consumers as part of its efforts to help distressed homeowners facing foreclosure.

Dean Mostofi, the founder of National Loan Audits, a Forensic Mortgage Document Auditing and Loan Modification company, says the chances are excellent that, somewhere in a borrower's tall stack of loan documents, they will find a violation.

He adds that well over 80% of the loan audits performed by his firm have revealed major Truth-in-Lending violations, which greatly increase your bargaining power when negotiating a loan modification with your lender.

"With over 60 pages of loan documents, there's bound to be a mistake in there somewhere," says Mostofi, "Maybe some pages were left blank or perhaps some of the language is misleading, or maybe there is a mathematical or technical error."

Mistakes by mortgage brokers and lenders were prevalent during the housing boom, when there was a rush to approve the application of anyone with a pulse. Now that the boom has gone bust, borrowers can use these errors to fight back and keep their homes. "Forensic mortgage document reviews have put a big spotlight on how the average home buyer was abused during the mortgage craze," added Mostofi.

National Loan Audits also performs loan document reviews for attorneys representing borrowers who are in foreclosure. "Because of the level of experience and expertise required to perform a quality audit, it is more practical for law firms to send their audits to us as opposed to doing them in house," Mostofi noted.

The average audit takes 7 days to complete and costs $495.00.

For more information, visit: www.nationalloanaudits.com.


Editorial Note: as with all personal information, always ask for a complete disclosure of how any personal and financial information is kept secure, and how it will be used, including a privacy statement from the service provider. Legal advice can only be provided by a licensend attorney.

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Copyright © 2008 by National Loan Audits and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Savvy Homeowners Are Turning the Table on Lenders
• REFERENCE KEYWORDS/TERMS: National Loan Audits, , , Forensic Mortgage Document Auditing, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (National Loan Audits); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 18 Nov 2008 12:05:36 GMT].

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Taxes and Accounting

Long Term Care Insurance Offers Safeguards in Financial Crisis

Author: LTC Financial Partners
Dateline: Mon, 13 Oct 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., Oct. 13 (SEND2PRESS NEWSWIRE) -- What's a good place for your money in times of financial turbulence? Gold? Treasury bills? Under the mattress? Maybe, but there's another often-overlooked, protected spot for some of your money: long term care insurance. Why? LTC Financial Partners, a leading agency, points to built-in protections and other financial benefits.”



A R T I C L E:

KIRKLAND, Wash., Oct. 13 (SEND2PRESS NEWSWIRE) -- What's a good place for your money in times of financial turbulence? Gold? Treasury bills? Under the mattress? Maybe, but there's another often-overlooked, protected spot for some of your money: long term care insurance. Why? LTC Financial Partners, a leading agency, points to built-in protections and other financial benefits.

LTC Financial Board Chairman Denise Gott"It's one of the safest, most prudent financial choices you can make right now," says Denise Gott, Chairman of the Board of LTC Financial Partners, LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. "It may take a year or five years for things to get back to where they were before this crisis, and while I'm confident that our stock markets and economy will recover, what if you needed long term care tomorrow? Where would you get the money? Would you have to sell stock or mutual funds that are down 30%?"

Monthly payments for a long term care policy should be considered investments in financial security, Gott asserts. She gives three reasons:

* LTC insurance protects all your other assets, whether stocks, bonds, real estate, precious metals, or money in the bank. "If you're not insured," says Gott, "the sudden need for expensive, ongoing care can drain your wealth." According to a Harvard study, the top reason for individual bankruptcy in America is ill or failing health. "LTC insurance is perhaps the single most important estate protection for middle-aged and older Americans."

* The financial benefits are fixed, not up to chance or vagaries of the market. "When you select your policy, you choose the benefits you want, and they're set in stone," says Gott. "The policies we recommend include inflation protection, so when people make a claim, they can count on the benefit payments they need."

* Strict government regulations protect policyholders. "Even when a company like AIG runs into trouble, their policyholders are protected by law," says Gott. "Stockholders and creditors may lose, but protections are in place to make sure policyholders' claims will be paid." This September the National Association of Insurance Commissioners issued a statement saying, "Claims from individual policyholders are given the utmost priority over other creditors ... and in the unlikely event that assets are not enough to cover these claims, there is still another safety net in place to protect consumers: the state guaranty funds. These funds are in place in all states."

Some people postpone financial decisions during times of economic crisis. Should you put off buying long term care insurance? "I wouldn't advise it," says Gott. "It's important to act now, while you're healthy and have options."

Gott's agency, LTCFP, includes over 500 long term care specialists serving all states. A list of them is available at -- web.ltcfp.com/ltcfp/find-agent.aspx.

Inc. Magazine has ranked LTCFP No. 1,353 among all companies, and No. 12 among companies in the insurance industry, in its annual ranking of the 5,000 fastest-growing companies in the nation. Among insurance agencies, LTCFP is the fastest-growing one focusing exclusively on long term care insurance sales. LTCFP plans to add 1,000 agents over the 2009 calendar year.

All trademarks acknowledged.

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Copyright © 2008 by LTC Financial Partners and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Long Term Care Insurance Offers Safeguards in Financial Crisis
• REFERENCE KEYWORDS/TERMS: LTC Financial Partners, , , long term care insurance, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 13 Oct 2008 13:42:51 GMT].

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Taxes and Accounting

A Personal Bail Out Program for Consumers Stuck in the Credit Crunch

Author: CRS Corporation
Dateline: Wed, 24 Sep 2008

freeNewsArticles Story Summary: “PASADENA, Calif., Sept. 24 (SEND2PRESS NEWSWIRE) -- Credit Crunch Fix has launched a legal document preparation service, to let consumers request relief from past due mortgage payments, credit card debt and even utility interruptions. The attorney-created service is not debt settlement or credit repair, nor legal counsel. Credit Crunch Fix allows consumers to exercise their legal rights, which often help to stop payments, and give consumers the financial relief they need.”



A R T I C L E:

PASADENA, Calif., Sept. 24 (SEND2PRESS NEWSWIRE) -- Credit Crunch Fix (CreditCrunchFix.com) has launched a legal document preparation service, to let consumers request relief from past due mortgage payments, credit card debt and even utility interruptions. The attorney-created service is not debt settlement or credit repair, nor legal counsel. Credit Crunch Fix allows consumers to exercise their legal rights, which often help to stop payments, and give consumers the financial relief they need.

Credit Crunch FixThe Federal Government has made it known that congress passing a solution to the financial Credit Crunch is a top priority. While the government determines how to bail out the financial markets, the consumer is not getting the financial relief they need to help them avoid bankruptcy and stay in their homes.

Crispin Luna IV, CEO of CreditCrunchFix.com said, "We are consumer credit advocates and created the service to give consumers the confidence they need to contact their creditors, and start the relief process. Creditors want consumers who are behind on their payments to stay current and avoid bankruptcy. It's a matter of ringing the bell and starting the legal relief process. We give consumers the ability to help themselves get out of difficult financial situations within the privacy of their own homes."

The service employs a patent pending process that integrates online wizards with artificial legal intelligence. Membership is only a $49.95 one time fee, with no recurring charges for unlimited use. Credit Crunch Fix is a licensed and bonded Legal Document Assistant.

More information: www.CreditCrunchFix.com.

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Copyright © 2008 by CRS Corporation and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: A Personal Bail Out Program for Consumers Stuck in the Credit Crunch
• REFERENCE KEYWORDS/TERMS: Credit Crunch Fix, , , CRS Corporation, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (CRS Corporation); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 24 Sep 2008 16:49:15 GMT].

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Taxes and Accounting

Most American’s Wealth is Lost by the Third Generation

Author: Loquvam Law
Dateline: Wed, 09 Apr 2008

freeNewsArticles Story Summary: “LOS ANGELES, Calif., April 9 (SEND2PRESS NEWSWIRE) -- Loquvam Law, Southern California's premier estate planning law firm asserts that traditional bare bones estate planning has focused primarily on what happens after death and usually passes on financial wealth outright with no conditions or safeguards. Today's American families are realizing that these outdated, traditional estate planning methods are failing them and their families.”



A R T I C L E:

A Revolutionary NEW Estate Planning Method Aims to Solve This Widespread Problem

LOS ANGELES, Calif., April 9 (SEND2PRESS NEWSWIRE) -- Loquvam Law, Southern California's premier estate planning law firm asserts that traditional "bare bones" estate planning has focused primarily on what happens after death and usually passes on financial wealth outright with no conditions or safeguards. Today's American families are realizing that these outdated, traditional estate planning methods are failing them and their families, and they are wanting a more holistic approach to deal with today's real life issues.

Those issues include divorce (especially their children's divorces), second marriages after the death of a spouse, creditor concerns and passing on family traditions and values that have been overlooked in traditional estate planning. Any one of these can wipe-out an entire inheritance in one generation.

Loquvam Law, is responding to this need and is changing the way families plan. The estate planning law firm, Loquvam Law, has always focused on protecting families from these real life issues while they are alive, as well as protecting and passing on their clients financial and non-financial assets. Their new method, Legacy Wealth Planning, addresses those same concerns and incorporates a holistic approach to help families build in incentives and conditions on the financial wealth and document their values, wisdom, family history, items with sentimental and emotional importance, and their desires for the future.

"This paradigm shift is a reaction to what families have been trying to safeguard for generations. Unfortunately there has been a lack of focus in the estate planning field that encourages and includes this type of holistic planning," says Joel J. Loquvam of Loquvam Law, a member of The Board of Governors of The American Academy of Estate Planning Attorneys, a national organization committed to excellence in estate planning.

"Historically wealth is squandered within three generations. With the planning options we make available, families are able to protect their heirs from future mistakes by being proactive years, and possibly generations, in advance," says Joel J. Loquvam.

"Our new holistic model is broken into four distinct areas for families to consider about the legacy they will pass on: core values, life experiences, contribution to the community and lastly financial assets," says Joel J. Loquvam. "This new planning method protects their legacy and has a positive 'pay it forward' effect on the family and their community that will also impact future generations for years to come."

The law firm of Loquvam Law devotes its practice exclusively to estate planning matters and has helped thousands of families meet their long-term estate planning goals. For more information about Legacy Wealth Planning and the Loquvam Law and its services, please call (310) 724-7377, or visit www.legacywealthplan.com. Media inquiries on estate planning topics are also welcome.

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Copyright © 2008 by Loquvam Law and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Most American's Wealth is Lost by the Third Generation
• REFERENCE KEYWORDS/TERMS: Loquvam Law, , , estate planning law firm, Taxes and Accounting, , , .

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Taxes and Accounting

New Accounting Office Introduces New Approach to Tax Savings

Author: Lisa Johnson
Dateline: Mon, 24 Mar 2008

freeNewsArticles Story Summary: “DAPHNE, Ala., March 24 (SEND2PRESS NEWSWIRE) -- Daphne CPA, Lisa Johnson has opened a new office in the Summit Office Complex (located at 29000 U.S. Hwy 98, Bldg C, Suite 102). Lisa helps business owners save thousands of dollars every year in taxes by providing proactive tax planning services. Her clients get a plain-English plan for beating the IRS - legally.”



A R T I C L E:

Lisa Johnson, CPA Shows Business Owners How to Save Thousands in Taxes

DAPHNE, Ala., March 24 (SEND2PRESS NEWSWIRE) -- Daphne CPA, Lisa Johnson has opened a new office in the Summit Office Complex (located at 29000 U.S. Hwy 98, Bldg C, Suite 102). Lisa helps business owners save thousands of dollars every year in taxes by providing proactive tax planning services. Her clients get a plain-English plan for beating the IRS - legally.

"I have a very different approach to saving money. I'm not a tax preparer. The tax return is a product of my planning," said Lisa Johnson. "My clients not only save money through tax planning, they also get a better handle on their businesses accounting. After all, we need a clean financial to plan to save on taxes. And business owners who have accurate financials also have the right tools to make financial decisions and grow their business."

"Now is the time to plan and save," says Johnson. "While it's true that I help make sure clients take advantage of every deduction and tax saving opportunity available on their 2007 returns, I can potentially save them thousands more by planning throughout the year so that they save more on their 2008 returns."

"Once a year tax planning is about to become a thing of the past. Just like Cinderella's carriage, at midnight on 12/31 each year, many opportunities to save turn into a pumpkin. That's because they require some action to be taken and documented before the end of the year. Through my planning services, I recommend specific strategies and concepts for saving tax. I give clients what they really want, a no nonsense approach to outline what to do and how to do it."

More information is available online at www.ResourceCPA.com.

Contact: Lisa R. Johnson, CPA
Ph: 251-621-8789
LisaJohnson @ResourceCPA.com

Lisa R. Johnson, CPA is president of Resource CPA, Inc. a full service accounting firm serving Mobile and Baldwin Counties.

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Copyright © 2008 by Lisa Johnson and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: New Accounting Office Introduces New Approach to Tax Savings
• REFERENCE KEYWORDS/TERMS: CPA Lisa Johnson, , , Alabama tax services, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Lisa Johnson); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 24 Mar 2008 12:39:09 GMT].

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Taxes and Accounting

TAX ALERT: Deductions for Long Term Care Insurance Premiums

Author: LTC Financial Partners LLC
Dateline: Tue, 18 Mar 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., March 18 (SEND2PRESS NEWSWIRE) -- As the April 15 tax deadline looms, filers should not overlook the deductions allowed for long term care insurance, according to LTC Financial Partners LLC, the nation's most experienced long term care insurance agency.”



A R T I C L E:

KIRKLAND, Wash., March 18 (SEND2PRESS NEWSWIRE) -- As the April 15 tax deadline looms, filers should not overlook the deductions allowed for long term care insurance, according to LTC Financial Partners LLC, the nation's most experienced long term care insurance agency.

Caption: LTC Financial CEO Cameron Truesdell"People with LTC policies can deduct substantial sums," says Cameron Truesdell, CEO of LTC Financial Partners (LTCFP), "and those who don't have policies, but want them, can set themselves up now for deductions next year."

According to the Internal Revenue Code, the 2008 deductible amounts can be as high as --
- $3,850 if you're 70 or over*
- $3,080 if you're over 60 but not over 70*
- $1,150 if you're over 50 but not over 60*
- $580 if you're over 40 but not over 50*
- $310 if you're 40 or under*
(*Note: Before end of taxable year, if medical expenses exceed 7.5% of adjusted gross income.)

But the tax benefits may not end there. "When people start taking their benefits, there can be additional deductions in some cases," Truesdell says. "When a policy is designed to pay on a per-diem basis, a limited portion of the benefits may be excluded from taxable income." Also, when a policy is paid for out of a Health Savings Account (HSA), there can be tax advantages. "HSAs are funded with pre-tax dollars, and long term care premiums are eligible medical expenses, according to the IRS (Publication 502)."

For businesses, the tax breaks can be especially attractive, Truesdell says. "For example, when small business owners pay the premiums -- for employees or themselves -- it's generally deductible as a business expense." The self-employed, S-corporation owners, and C-corporation owners are NOT subject to the 7.5% rule that limits the medical-expense deductions of individual taxpayers.

LTCFP does not prepare tax returns or offer tax advice as part of its service, "but we team up with tax experts to make sure their clients have the benefit of our special knowledge," he says. "Nobody knows more about the economics of long term care insurance than we do, and we're glad to meet with anyone's accountant or tax attorney." LTCFP has formed strategic alliances with financial planning organizations including banks and the National Association of Estate Planning Attorneys.

How can you make sure you don't miss out on the deductions? "We're glad to consult with anyone's tax preparer," says Truesdell. More than 400 LTCFP experts are available by phone or Internet. Requests for help, at no change, may be made at www.ltcfp.us/ltcfp/taxbreaks.html .

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Copyright © 2008 by LTC Financial Partners LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: TAX ALERT: Deductions for Long Term Care Insurance Premiums
• REFERENCE KEYWORDS/TERMS: long term care insurance deduction, , , LTC Financial Partners, Taxes and Accounting, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 18 Mar 2008 07:36:59 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.