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Tax Break for Long Island Seniors Not Renewed

Tax Break for Long Island Seniors Not Renewed - Tax BreakOn Long Island, a tax break affecting 35,000 Nassau County seniors was not renewed this year.

Recently, Nassau County let a long-standing property tax abatement expire without any notice to the recipients of the abatement.

Approximately 35,000 seniors, all earning less than $86,000 a year in income, were receiving approximately $200 a year in tax abatement. But now the abatement has been removed because the county legislature did not re-approve the abatement.

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The Basics of Reporting a Sale of Real Property

The Basics of Reporting a Sale of Real PropertyReporting the sale of real property could be either really complicated or relatively simple, depending on the facts and circumstances. The type of property will also impact the manner and type of taxes that need to be paid.

There may also be different tax ramifications depending on who you are selling the real property to and the structure of the sale. For instance, selling real property outright is different than selling property as an installment sale. In an installment sale, you are receiving payments periodically (annually, monthly, etc.) for an extended period of time and may be able to delay the reporting and taxation of these periodic payments until they are actually received—rather than all at once in an outright sale.

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Frank L. Buquicchio Named to Board of ADRC

Frank L. Buquicchio Named to Board of ADRCFrank L. Buquicchio, a partner at Russo Law Group, P.C., has been appointed to the board of the Alzheimer’s Disease Resource Center (ADRC), a non-profit organization which raises money through various events and provides valuable service for Long Island families who are facing the challenges of Alzheimer’s Disease. The mission of the ADRC is “to support research that may lead to a cure for Alzheimer’s Disease; to provide care, support, and education programs for families in need; and to be advocates for local families who are coping with Alzheimer’s Disease and other dementias.”

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Poder notarial: Un documento crucial para la planificación del patrimonio

Poder notarial - Poder notarial: Un documento crucial para la planificación del patrimonio En poder notarial es un documento fundamental para la planificación de la sucesión, ya que permite que un tercero tome decisiones financieras importantes en su nombre si usted ya no puede hacerlo. Contar con un completo Un poder notarial duradero puede evitar la necesidad de tutela cuando se trata de sus asuntos financieros.

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3 razones por las que usted y su cónyuge necesitan un plan de sucesión

3 razones por las que usted y su cónyuge necesitan un plan patrimonial - Plan Patrimonial - Russo Law Group, P.C. La gente suele decir que sólo necesita un plan de sucesión si tiene mucho dinero y/o muchos bienes. Esta afirmación no es necesariamente cierta.

Razón 1: Un plan de sucesión también es importante para las decisiones médicas y financieras sencillas, especialmente para el cónyuge en caso de discapacidad o incapacidad. Hace que todo el proceso sea mucho más sencillo y menos estresante para el cónyuge.

Si me ocurre algo, mi cónyuge heredará todo lo que tengo de todos modos, así que ¿por qué necesito hacer un plan de sucesión?

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Family Comes First: Operation Babylift

Family Comes First: Operation BabyliftOver the past nine seasons of Family Comes First™, we have been blessed to meet amazing individuals and families with extraordinary stories. Often on our show, we like to follow up with a former guest to update our viewers as to where they are now.

On this brand new episode of Family Comes First™, “Operation Babylift,” we reacquaint you with Lana Noone. Lana was on our show back in 2009, during the second season of Family Comes First™.  Lana and her late husband, Byron, were pioneers for international adoption on Long Island, New York in the 70s.

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