Ambrose Financial Group

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2008 Year-End Tax Law Update Hosted by

Thomas K. Ambrose Discussion with

Kevin Hill, Tax Manager, Fesnak
Associates, LLP
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Housekeeping

• In consideration of others, please mute your
  phones.
• In the interest of time, this is an informational
  webcast, with questions to be asked offline.
• A recorded playback of this call will be
  available by dialing [phone] code
  762457
• A digital recording can be emailed to
  participants upon request.

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Thomas K. Ambrose, CEA
Since 1978 Mr. Ambrose has been focused on
developing and implementing new industry leading
Wealth Management Strategies and Programs and
Portfolio Management Services for the affluent
business owner, highly compensated executive
professional, and high net worth retiree. Today
he conducts public, private, and corporate
sponsored educational workshops and seminars
throughout the Delaware Valley on wealth
management and preservation techniques. Mr.
Ambrose graduated from Salisbury State University
with his BS in business and finance. Mr. Ambrose
is also a member of the International Association
of Financial Planners, and the Pennsylvania and
Delaware Estate Planning Councils.
Kevin Hill, Tax Manager
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A discussion between Tom Ambrose and Kevin Hill
will be covering the following topics1)
Personal Tax Law Changes One-year AMT
patches Extended popular tax breaks2)
Timing of Income Expenses3) Executive
Compensation4) Tax-Smart Investment Decisions5)
Estate Planning6) Myths of Tax Filing IRS
Audits7) Individual, Employment, and AMT Tax
Rates
Agenda
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Personal Tax Law Changes

• One-year AMT patch
• Expanded AMT exemption amounts
• Personal tax credits
• Changes to refundable AMT credit rules
• Outstanding AMT liabilities forgiven

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Personal Tax Law Changes

• Extended Popular Tax Breaks
• Charitable donations from IRAs
• College tuition deduction
• Optional sales tax deduction
• Energy-friendly home improvements
• Increase to casualty loss deduction
• Favorable refund child credit rules

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Timing of Income Expenses

• Bunching of Deductions
• Recognition or Deferral of Income

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Executive Compensation

• Non-qualified deferred compensation, Stock
  Options, Restricted Stock
• Timing of deferral and distribution

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Tax-Smart Investment Decisions

• Recognize or Defer Capital Gains
• Tax Loss Harvesting Wash Sale Rules
• Tax Pitfalls of Mutual Fund Investing
• Municipal Bonds
• 529 Plans
• Annuities Non-qualified Charitable
• Retirement Account Setup Deadlines

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Estate Planning

• 2008 Gifting
• Start or Stop?
• Increase or Decrease?
• Discounted Valuations

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Myths of Tax Filing IRS Audits

• Tax Filing Myths
• Red Flags
• IRS Audits

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Additional Info

• Individual Tax Rates
• Employment Tax Rates
• AMT Tax Rates

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Thank You

• Ambrose Wealth Management
• Thomas K. Ambrose, CEA Peter N. Blok
• 810 Baltimore Pike, Suite 1
• Chadds Ford, PA 19317
• [phone]
• www.ambrosewm.com
• Fesnak Associates, LLP
• Kevin Hill
• 1777 Sentry Parkway West, Gwynedd Hall, Suite 400
• Blue Bell, PA 19422
• [phone]
• www.fesnak.com