notes / updates on 412(i) pension plans

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Following is an unformatted dump of research notes. For a few complete articles see IRS code:  links to applicable Revenue Rulings 1_412e3 – Beyond the Basics.ppt downloaded MassMutual powerpoint presentation Requirements for “Separate Agreements” for §412(i) Pension Plans This article discusses the information that must be included in the “separate agreements” […]

How to write good

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How to write good By Frank Visco   Avoid Alliteration. Always. Prepositions are not words to end sentences with. Avoid cliches like the plague. (They’re old hat.) Employ the vernacular. Eschew ampersands & abbreviations, etc. Parenthetical remarks (however relevant) are unnecessary. It is wrong to ever split an infinitive. Contractions aren’t necessary. Foreign words and […]

Medicare premiums are tax-deductible

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Medicare premiums are officially tax-deductible. Portions are highlighted for implication in tax planning. (The grammatical error in the final paragraph is reproduced as found). This excerpt comes from Journal of Accountancy: “Explaining a recent reversal of a long-held IRS stance, the Office of Chief Counsel advised IRS attorneys on Friday that self-employed individuals may deduct […]

CFP Board endorses Financial Planning Competency Handbook

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A standards book for the financial planning industry is 25 years overdue but will finally be issued next spring by Wiley Publishers, a well-known company that we rely on for other important industry information. This excerpt comes from a press release issued today by the CFP Board. July 10, 2012 – Certified Financial Planner Board […]

Microsoft disturbed developers with Windows 8 announcement | Why this is good news for me

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All of my online businesses are based on the “primitive” HTML5 platform. Hearing that Windows 8 would use HTML5 and JavaScript for its new immersive applications was, therefore, more than a little disturbing to Windows developers. Such a switch means discarding two decades of knowledge and expertise of Windows development—and countless hours spent learning Microsoft’s […]

IRS announces new 2 step audit procedure for COBRA compliance

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Small businesses with more than 20 employees that offer employee health benefits should be aware of IRS’s revised 2-step audit procedure to ensure compliance with COBRA law. The first step of the audit checks five key documentation issues:   The employer’s COBRA procedure manual (or its equivalent); Form letters used in COBRA administration; The underlying […]