Author | Diane Weber

Articles

When family ties boost your tax bill

February 01, 2008

Article

My father and I are in practice together, but soon I'll relocate and start a solo practice. I'd like to buy some of the equipment I'll need from Dad, but a friend ran into a tax hitch when he did the same thing with his brother a few years ago. He doesn't remember the details. What's the potential problem?

How to figure gift tax on stock shares

February 01, 2008

Article

I bought some shares of stock for $1,000 in 1990, and now they're worth about $30,000. If I give them to my son, will this be considered a gift of $29,000 or $1,000? And on which amount will he owe capital gains tax?

Which of your assets are true investments?

January 18, 2008

Article

We want to consult a financial planner for advice on how to allocate our investment portfolio, so we're making a list of our assets. Should we include the market value of our vacation home? What about the jewelry my wife just inherited from her grandmother?

An odoriferous gap in homeowners coverage

January 18, 2008

Article

Heavy flooding in my town recently caused a backup of sewage into a neighbor's house. Does homeowners insurance cover that sort of damage?

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