May 2011

June 30, 2011: Medicaid Seminar

Attorney David M. Beliveau will be presenting to the MA CPA South Shore Breakfast Forum. MEDICAID SEMINAR PRESENTER: David M. Beliveau, Esq. DATE: June 30, 2011 LOCATION: Chateau Restaurant, 551 John Mahar Highway (Horizon Plaza), Braintree, MA SCHEDULE: 7:00 a.m. – 9:00 a.m. DESCRIPTION: An overview of the MassHealth eligibility regulations regarding long-term care. COST:  $25 for full buffet breakfast EDUCATION CREDIT: 2 CPE credits for CPAs. If you would like to attend, please contact Millie

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May 26, 2011: Estate, Medicaid, and Tax Law Changes Seminar

Please join Attorney David M. Beliveau, Discussion Leader, on May 26, 2011 at the Massachusetts Association of Public Accountants (MAPA) seminar entitled Estate, Medicaid, and Tax Law Changes. TITLE: Estate, Medicaid, and Tax Law Changes DATE: May 26, 2011 LOCATION: The Lantana, Randolph, MA SCHEDULE: 9:00 a.m. – 12:30 p.m. DESCRIPTION: The estate planning, Medicaid, and tax law landscape continues to change. The Federal estate tax is back. The exemption amount currently is Five Million Dollars

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Instead of going to a nursing home, can my father pay my brother to take care of him?

Additional Information: I am in the position where I have to decide whether to put my father in a Massachusetts nursing home or not. I have found a facility in Greater Boston area that seems appropriate, it costs $4,500 per month. My brother has said he would like to keep him out of a nursing home.  Could my father pay my brother the $4,500 per month instead of paying it into a nursing home? What are

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Consider the time value of money in making business decisions

Suppose you’re selling your business, and it’s worth $400,000. You’re offered $210,000 down and lump sums of $100,000 at the end of year one and year two. Should you take the offer? Most people know that $1,000 now is worth more than $1,000 a year from now. Here’s why: 1. Inflation: In a year, a dollar will buy less than it would today. 2. Risk: Over time, the risk increases that some of the money owed

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Estate taxes might not affect you, but you still need a plan

There’s good news if you’re concerned about estate taxes. For the next two years (2011 and 2012), the value of your estate that’s excluded from tax is set at $5 million. And the top rate on taxable estates is 35%. The $5 million exemption is per person, thus a couple’s exemption is $10 million. Also notable in the law is the new portability of unused exemptions. Under prior law, couples frequently performed complex estate planning to

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New law repeals expanded 1099 reporting rules

On April 14, 2011, President Obama signed legislation – the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 – repealing expanded reporting rules for businesses and landlords that had been created by laws passed in 2010. Business reporting. The Form 1099 reporting rules were changed by the 2010 health care legislation. Under the Patient Protection and Affordable Care Act of 2010, every business, charitable organization, and governmental unit was required to

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