I am selling my house – Do I have to pay taxes on the sales price?

Asked to comment on the new constitution and speculate on the permanency of the newly formed United States of America, Benjamin Franklin stated that “In this world, nothing can be said to be certain, except death and taxes.”  Some 200 years later the certainty of taxation continues. One tax imposed in the United States is …

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WHAT HAPPENS TO OUR FACEBOOK ACCOUNTS WHEN WE DIE?

Recently, an aunt of mine was clearing out some personal items and came across a letter my grandfather had written to his mother-in-law (my great-grandmother) soon after my grandparents’ honeymoon in 1924.  It was a beautiful letter- the kind that people years ago were skilled at writing, a skill not often displayed these days in …

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UMmmm . . . SUM Auto Insurance Policies are Better Than Others

One of the least understood and, therefore, overlooked options for automobile insurance is the one that provides uninsured and underinsured liability coverage.  It is listed on the policy declarations page under the heading “UM/SUM.” Uninsured Motorist coverage “UM” is mandated by New York State.  It protects the driver and passengers of a vehicle who are …

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