18 Oct

Estate Tax – The 2010 Step Up Basis Nightmare

The old saying is the best laid plans of mice and men so often seem to go wrong. When it comes to the government, this is a statement that is used the vast majority of the time since the bumbling of politicians creates some situations that are simply head shakers. This is exactly the case with the step up basis in estate tax for 2010.

This can get confusing, so let’s start off with the basics. The step up basis is simply the value of some asset at a date in time from which a gain is calculated. Let’s say I buy a share of Microsoft in 1990 [I wish!] and I sell it today. I would pay rather large capital gains taxes on the gain in value of that share of stock between 1990 and 2010.

The passing of an asset from a deceased person to their heirs triggers a bit of a different calculation. Let’s assume the same situation as above. Instead of selling the stock in 2010, I die after being attacked by a bear [might as well make it exciting] in 2002. At that point, my stock is transferred to my daughter per my written will. This transfer constitutes a taxable event. Historically, she would pay tax on the gain from the date of my death till she sold the item. The use of my date of death allows her to -step up- the value of the stock instead of pay taxes on all the gains since 1990.

The Bush tax cuts were designed to reduce a number of taxes, but they went a step farther with the estate tax. They were designed to phase it out. In fact, there is no estate tax in 2010. That is nice and all, but the problem is the step up basis for capital gains above is now gone for the year. Instead of paying capital gains on the increase in value from the date of my death, she will have to pay them on the gains from 1990. That is a huge difference and constitutes a massive amount of money going out of my family and to the government. What did the government do for this money? Nothing, I just died!

Is there anything one can do about this mess with the step up basis? Unfortunately, there is not. It is simply another example of the government creating a mess with the best of intentions.

Barry Milton writes about tax planning and other financial planning subjects for UFCAmerica.com.

18 Oct

Bhk Apartments In Bhubaneswar

Real estate in Bhubaneswar is on a high and the face of realty sector in Bhubaneswar is indeed changing fast. Today, the capital city of Odisha is flaunting an entirely new look with a number of high end, luxurious residential and commercial projects being launched in each and every part of the city.

However, everyone wants to indulge in luxury at affordable cost while being equally concerned about privacy and security. As a result, whether affordable property or luxurious residential property, apartments top the wish list. In case the inclination is towards luxurious residential property, people who earlier opted to buy bungalows are now willing to buy 4 BHK apartments in Bhubaneswar because of the advantages associated with them.

There are advantages aplenty of living in 4 BHK apartments in Bhubaneswar n comparison to any other independent luxurious home. The modern 4 BHK apartments are no less than luxurious bungalows. Spaciousness, luxuries, advanced facilities and privacy – all are a part of 4 BHK apartments in Bhubaneswar today.

The prime advantage is the security factor. Most of the 4 BHK apartments today provide amenities like well equipped gymnasium for better health, swimming pool, jogging track, landscaped areas, spacious car parking with separate basement parking spaces for the visitors, multi-purpose gaming areas, children play areas and community areas and therefore offer a high-end lifestyle to the residents.

While the residents do not have to bother about their maintenance, they also get added benefits like lifts, 24 hour power back-ups and 24 hour water supply. The advanced and posh specifications like granite kitchen, vitrified tiling in all rooms, stylish bathrooms with premium quality plumbing and sanitary fixtures, aesthetically designed doors, aluminum sliding windows are also usually a part of these 4 BHK apartments.

The Z-1 Group, in particular, has made its presence felt in Bhubaneswar with regards to luxurious properties and even 4 BHK apartments. Besides the regular facilities that come as a package with any luxurious 4 BHK apartment in Bhubaneswar today, Z-I has more in store for the residents of the city. Their project area comprises a rooftop helipad, restaurants/caf, crche, play school, e-lobby banking, convenience shopping centre and even ambulance service.

Z-I has also taken a few steps ahead when it comes to entertainment and recreation facilities by including facilities for tennis, badminton and basket ball courts besides the regular spa, gymnasium and swimming pool. Table tennis, cards / games room and club house / party lawn are the other additional attractions.

This apart, Z-1 has been developed considering eco-friendly designs and sustainable environmental practices. There is provision of sewerage treatment and waste management to provide cleaner environment to the residents. 73% of the area has been kept open and 40% the area has been kept green. Waterbodies and gardens at multiple places provide the feeling of living in an own resort.

17 Oct

Tips For Furnishing Your First Apartment

When you move out of your parents home into your first apartment, you need to get some furnishings so that your place will actually have something in it. Besides your basic bedroom furniture, most don’t have anything else. However, at this point you may have just gotten your first job and it would be unwise to spend money on lavish items or something you dont really need. Below we will discuss some tips that will help you furnish your apartment with the basics that you do need to have and will not burn a hole in your pocket.

Try to go and find good used and cheap furniture. You don’t really need something fancy or nice at this point in time. You will upgrade at a later date when you find what you are really wanting to have and when you are more financially able to do so. Use free sites like Craigslist to find local cheap furnishings. But be careful when contacting Craigslist sellers as many frauds have been reported.
Another good idea is to check at apartment complexes at the end of each semester as college students are looking to get rid of items that they can’t transport back home. Garage sales in your neighborhood are also good places to visit. You can often get something dirt cheap but still in excellent condition.

Go for modular furniture. This type of furniture can be used in a variety of spaces and shapes. There are two advantages. Each piece is light weight which makes them easier to move and fit into your car if you have to ever move across town to a new place. Also it can be set up in many different ways meaning it will fit whatever spaces that you do end up living in at some point in time.

Don’t make the mistake of putting too much inside. Many do this and make the apartment look cluttered. Get the basics that you need and live with those for a while. Get more at a later date if you really feel the need to use something else.

Look up an apartment checklist online. Many of these will have detailed lists of things that you might need. Going over the list will give you a good idea of what to do.

Get rid of the extra stuff you have right now. You can sell or give it away so your apartment will have more room.

17 Oct

Finding Apartments For Rent in Boston

There are many cases in which a person may want to move to a new apartment. Perhaps you would simply like to reside in a bigger residence, or may you don’t like the neighborhood that you currently live in and want a better place to live. In that case, you may be looking for Fenway Apartments. Finding an apartment to rent doesn’t have to be difficult. However, it does require some patience and careful searching so that you can find the apartment which best suits you and your budget. For example, you may be in the market for a Boston Luxury Apartments that offers you a lot more than just a regular apartment building.

Here are some ways that you can find an apartment to rent, including Boston luxury rentals:

Word of mouth

Ask your friends, family members or coworkers if they know of a good apartment that you can rent. This will allow you to save time, as you won’t have to do as much research. Furthermore, if your friend lives in the building, you will get a firsthand account of what the building is like, what services are provided, and what you will find in the surrounding areas.

Newspaper classified ads

All newspapers have a classified ads section which includes apartments for rent. Take time to peek through several newspapers in order to see if you can find an apartment that will be a good fit for you.

Look online

Thanks to the internet, finding information on anything that you are searching for is actually quick and easy. You can check out online message boards and classified ads sites to find Boston luxury rentals. Using the internet in your search for a new apartment has many advantages. The main advantage is that you will be able to view pictures, and even take a virtual tour of the building through the property’s website. This will give you a good idea of what the apartments and the building looks like before take the time to go to visit it.

Direct mail ads/specialty publications

Sometimes, you may receive advertising materials for apartments for rent in Boston through the mail. Check these mailings out, as they may promote a building that you would find nice. There are also some free periodicals that provide real estate listings. While these are usually focused on selling homes and condos, they often feature ads for rental apartments in Boston as well. Take a look through these materials and see if anything interests you!

17 Oct

Residential Solar Power 101 Essentials Of Solar Energy Panels

Residential solar power is the power that relies on sunlight or the power of the sun to produce electricity in offices, residences, etc. You can produce this type of power if you have solar energy panels installed in your house. True, you can purchase panels or a solar powered kit for this purpose, but, if affordability is your main concern, youre better off with DIY solar panels.

For just a hundred dollars or an amount greater than $100 but less than $200, you can construct panels with your own two hands and with simple tools and materials. You may think that building the kits that provide residential solar power is difficult, but the truth is, the process is quite easy. You just have to follow the steps given in an e-book or a guide that concentrates on the topic of do it yourself solar energy panels. There are extremely affordable guides or resources found on the World Wide Web that will teach you to create a solar powered kit you can use for significant electricity bill reduction.

If you only have very tight budget for setting up DIY solar panels, you should be aware that there are second hand materials or bargain materials you can purchase from various websites, specifically from eBay, that will make it possible for you to start your residential solar power project. If you wish, you can opt to build the panels one by one until youve completed at least four solar energy panels that are sufficient in producing electricity for a one to two bedroom house.

The following are the basic materials you can use to come up with a solar powered kit:

1.Solar cells

2.A piece of plywood

3.Copper wires

4.Some glass sheets

5.A resource on how to create DIY solar panels

Remember to place the solar panels really close to batteries to decrease the possibility of loss of power in the cables. See to it too that the panels installed in the northern portion of the equator face southwards in order for them to receive enough amount of sun light everyday of the year. To make the most out of residential solar power, do not forget to clean the panels at least once a month. This just means wiping away the dirt or the dust that may have accumulated on your panels.

The use of solar energy panels is an effective and safe solution to your problem of expensive or sky high power bills. Instead of buying a solar powered kit thats not light on the pocket, you should opt to build DIY solar panels.