Getting Ready for Tax Season |
Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.
Blog by Sally Hardman
St. Simons Island, Georgia
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Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.
Oct. 8, 2007
Categorized in: General Information
This last quarter of 2007 still gives us all some time to make some moves to affect the size of the tax check you'll write
come April 2008. I understand that you will be required to provide documentation for any gift to charity with a receipt or
bank record. If there is an organization you wish to support, now is the time to plan for when you wish to strike that
check so you can deduct it this year. Perhaps you have stock that you have been losing money on and thinking of selling.
Speak with your tax advisor on selling now and those losses may balance out other taxable gains you have. I'm sure your
accountant would be pleased to give you a checklist of more ideas to save you tax dollars.
One of my New Year 2007 resolutions was not to wait till year-end to attempt to get my affairs in order. I'll let you know
if I keep that promise!
I hate advice---unless I'm giving it!
Categorized in: Investing in Real Estate
WOW!!! Did you see the new Money Magazine? They have ranked St. Simons Island #2 in the COUNTRY for places to retire! You can see a snipit here: http://money.cnn.com/magazines/moneymag/bpretire/2006/ However, they left out 2 other very good reasons to retire here: if you establish this as your primary home, the assessed value of your home is LOCKED IN, so increases in your taxes are moderated which is very important for most retirees. Additionally, while they point out that we are on the coast and subject to hurricanes, they neglect to mention that if you are looking to retire on the coast, there is probably no safer place. When America's richest of the rich decided to purchase an island in the late 1800's for their winter retreats, they selected one of the westernmost points of the eastern seacoast. They chose Jekyll Island, a sister island easily visible from the southend of St. Simons Island . Historically, our location has sheltered us well. I've lived here since 1985, and my family in WV has had much more damage from hurricanes there than we have here on St. Simons Island. Of course we could get hit with a hurricane tomorrow, but what location is immune to a disaster? Overall, we're tucked in from the Gulf Stream, so if I'm going to be on the coast (and I am!), I want to be here. |
