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 Tax
Planning for Establishing Principal Residence Status
IRC
section 121 allows a taxpayer to exclude $250,000 ($500,000
for joint filers) of gain on the sale or exchange of a home
if it was owned and used as the taxpayer’s principal
residence for two of the five years preceding the sale.
To qualify for the $500,000 exclusion on joint returns,
only one spouse must meet the ownership test, but both spouses
must meet the use test. Full
Story |
Facing Reality About Social Security
The future of the Social Security program is probably
one of the most important challenges that will confront
our nation over the next century. Some claim that those
who say Social Security requires an immediate fix are just
crying wolf, and that any problems can be solved with minor
adjustments over time. Full
Story
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 Effective
Governance in an Ethicless Organization
Can
an organization whose tone at the top is either nonexistent
or far removed from the norm have effective governance?
If it is possible to have effective governance in what might
be called an “ethicless” organization, what
does this say about the factors that are critical to the
effectiveness of an organization's governance process? Full
Story |