What support is available for women who are caregivers?

posted by michaelgraycpa @ 6:37 AM
October 9, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 10 and next Friday, October 17, is with attorney Janis Carney of Carney Elder Law. Our interview subject is “The Women’s Long-Term Care Project.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

How does the federal net investment income tax work?

posted by michaelgraycpa @ 7:52 AM
October 2, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 3, is with attorney G. Scott Haislet. Our interview subject is “The net investment income tax and real estate professionals.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What business repairs can be deducted for taxes?

posted by michaelgraycpa @ 8:26 AM
September 24, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 26, is with attorney G. Scott Haislet. Our interview subject is “New rules for repair deductions and capitalization for business owners and real estate investors.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should your family know about managing wealth?

posted by michaelgraycpa @ 8:32 AM
September 18, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 19, is with Dick Blakeley, CEO of The Blakeley Group, Inc.. Our interview subject is “Family wealth literacy.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What are financial scams that target elderly victims?

posted by michaelgraycpa @ 8:16 AM
September 4, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 5, is with attorney Naomi Comfort of Silicon Valley Elder Law, P.C. Our interview subject is “Financial scams with elderly victims.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

How did Donald Sterling’s estate planning documents work?

posted by michaelgraycpa @ 8:31 AM
August 27, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, August 29, is with attorney Naomi Comfort of Silicon Valley Elder Law, P.C. Our interview subject is “Estate planning documents in action – Donald Sterling’s story.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, August 22, is with attorney Janis Carney. Our interview subject is “Veteran’s Administration benefits for long-term care.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

Update on socially responsible and sustainable investing

posted by michaelgraycpa @ 8:54 AM
August 13, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, August 15, is with Peggy Martin, CLU, ChFC, MSFC of The Family Wealth Consulting Group. Our interview subject is “Update on socially responsible and sustainable investing.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

New – Self-directed IRA and Roth accounts must be valued each year

posted by michaelgraycpa @ 8:32 AM
August 7, 2014

Minimum distributions are required to made from an IRA when the IRA is an inherited account and when a participant-owner reaches age 70 ½. The same requirement applies to inherited Roth IRA accounts. In order to compute the required minimum distribution, the fair market value (FMV) at the beginning of the year must be known.

Optionally for 2014 and required thereafter, the IRA custodian should report the fair market value of the assets held in the account as of December 31 of the year. The IRS has issued instructions for Form 5498 stating that the FMV for certain specified assets should be reported together with codes for the related assets. One of the specified assets is real estate.

The IRS has not specified how these assets should be valued. If appraisals are required, the cost of maintaining self-directed retirement accounts could increase dramatically, possibly prohibitively.

I asked a representative for the custodian industry who will be responsible for getting the valuation amounts. The response was the custodian will report amounts provided by the account owner. If the account owner can’t provide the information, the custodian will resign from the account.

How should you plan for long-term care for a long lifetime?

posted by michaelgraycpa @ 8:20 AM
August 7, 2014

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, August 8, is with Janis Carney, attorney at law of Carney Elder Law. Our interview subject is “Life care planning.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.