Kelly King & Co.

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• More Uncertainty for 2013
  At year's end, a host of temporary provisions expire, and lawmakers have put forth radically different proposals for what to do next.
• In Lieu of Toasters, Bank Customers Burned
  After banks lured new customers with awards such as department-store gift cards and frequent-flier miles, the customers are getting a most unwelcome bonus: a visit from the tax man.
• Tax Prep for the Novice
  Though young adults generally have relatively simple tax returns, they're prone to making big mistakes that can cost them. Here are the basics they need to know.
• Can I Deduct Losses on Investment Property?
  If the property was acquired for investment purposes only, with the intention of incurring a profit and not used for personal purposes, then a loss would be deductible as a capital loss.
• Be Wary of Brokers' Giveaways
  Inducements to open accounts can come with hidden costs. Expect the tax man to come calling.

• New Push for Reform in China
  China could face an economic crisis unless it implements deep reforms, including scaling back its state-owned enterprises and making them operate more like commercial firms, a report says.
• Obama Tax Plan Gets Pushback
  The White House proposal to overhaul the U.S. corporate-tax code by lowering rates and limiting deductions faced immediate resistance from business groups and many Republicans.
• Home Resales Climb Higher
  Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, while the inventory of unsold homes contracted to a level economists consider healthy, positive […]
• Asian Companies Rush to Borrow
  Asian companies are tapping bond markets at a record pace, worried that the euro-zone crisis may deepen and make it impossible for them to secure funds later in the year, say bankers who arrange […]
• U.K. Urged to Cut Taxes in Budget
  Chancellor George Osborne came under increasing pressure to introduce tax cuts in next month's budget in a bid to stimulate the economy.

• Fighting back in a tough economy
  It's been more than four years since the financial crisis first knocked you back on your heels. You've probably been on the defensive ever since, doing your best to deflect whatever punches the […]
• Consumer bureau targets fine print
  The country's new Consumer Financial Protection Bureau is taking aim at big financial firms and small print, while itself enduring fire inside the Beltway.
• Retirement on your own terms
  At age 60, Kathy Frederick routinely put in 50 hours a week as a hospital administrator for Scripps Health Systems in San Diego. She managed a 15-person staff, and regularly took work home on […]
• How I'm easing into retirement
  
• 9 smart moves in a tough economy
  

• Stocks end lower as market takes a breather
  U.S. stocks drifted lower Wednesday amid doubts over the latest bailout for Greece and concerns about global economic growth.
• PC slump kills HP and Dell's bottom lines
  Maybe HP wants to rethink that whole "we're not getting rid of the PC" decision?
• Greece gets a reprieve, but crisis not over
  Once again, Greece appears to have been snatched back from the brink of default with the promise of more bailout money.
• Greek bailout back in private sector hands
  It looks like Greece will avoid an outright default in the short run now that eurozone finance officials have signed off on a second bailout for the debt-stricken nation.
• Europe stock rally faces a perilous road
  European stocks have rallied this year on hopes that a full-blown contagion can be avoided, but the outlook remains fraught with risks, not the least of which is what might happen with Greece.

• Energy Policy and Tax Reform
  Donald Marron's testimony before the House Subcommittee on Select Revenue Measures and the Subcommittee on Oversight of the Committee on Ways and Means on energy policy and tax reform.
• Five Myths about the Bush Tax Cut
  The tax cuts enacted in 2001 and 2003, known as the Bush tax cuts, are set to expire Dec. 31, and the fight over what to do is increasingly heated. Should the tax cuts expire, as some Democrats have […]
• Extending Tax Credits for Low-Income Families
  Policymakers should be thinking hard about low-income families with children and the tax code. In 2010, the federal income tax system will deliver substantial assistance to these families through […]
• Let's freeze more than chump change
  President Obama has proposed to freeze most domestic discretionary spending -- a step in the right direction, but not enough. The $250 billion in expected savings over the next decade is chump change […]
• Desperately Seeking Revenue
  In August 2009, the Congressional Budget Office (CBO, 2009) projected that the federal budget deficit would total $7.1 trillion over the 2010-2019 decade-under current law. That outcome would require […]