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Hi, Friend. Here are your Articles for November 7, 2007.
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Investing 101: “I’m Too Worried About World Events to Invest Now”

There have always been reasons not to invest. The past few weeks have been a turbulent time in the market.  But, as evidenced in the past few decades, there is a long list of events that have made headlines and have caused people to be too worried about world events to invest. Looking past the headlines and focusing on long-term goals has its rewards. Read on for more details.


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IRS Warns of E-mail Scam Soliciting Donations to California Wildfire Victims

The Internal Revenue Service warned taxpayers on Friday to be on the lookout for a new e-mail scam that appears to be a solicitation from the IRS and the U.S. government for charitable contributions to victims of the recent Southern California wildfires. The bogus e-mails appear to be a "phishing" scheme, in which recipients are tricked into providing personal and financial information that can be used to gain access to and steal the e-mail recipient's assets. Read on for more details and how recipients of the scam e-mail can help the IRS shut this scheme down.


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2nd Annual Lancaster County Housing Summit to be Held November 14th
The availability of affordable housing is a critical factor in the economic success of a region.  With real estate market factors so prominent in the news, appreciation for the importance of housing has never been higher.  But even in great times for the real estate market, affordable housing remains a basic need for any community.  Spend a day with members of the Lancaster County Housing Coalition – formed at last year's summit – as we explore this critical issue.  McKonly & Asbury is proud to be the premier sponsor once again of this annual event.  Save the date for November 14th and read on for more details and registration information.


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Thinking about transferring assets
to your kids to save on taxes? Depending on their ages, you might want to act fast. The Kiddie Tax rules are changing again next year, but for some families, there is an opportunity to cut their tax bills by taking long-term capital gains before December 31. Here are the details.

 Who can pay zero percent long term capital gains next year? Click "Full Article"
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Put investing on autopilot
with a dividend reinvestment plan. Stocks that pay dividends can be attractive investments and a mainstay of conservative portfolios. Plus, dividends are now taxed at rates that are lower than they've been in years. But before you jump in, here are a few issues to consider.
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Uncle Sam can be generous when it comes to adopting children. Here are the details of the tax breaks that are currently available to adoptive parents, as well as the limits imposed on them.
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First-time entrepreneurs
and seasoned veterans looking to expand in new directions can both benefit from setting up a limited partnership. Here's an explanation of that business structure along with a description of how a "professional service corporation" differs from a "personal service corporation."
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.

The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document’s written tax advice for that purpose. This document’s tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional’s advice regarding the user/recipient’s particular circumstances.

 The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

 

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