Mark Klein knows he probably sounds nerdy to a lot of people. After all, he's a tax lawyer, and he loves it. Klein has been working for Buffalo's largest law firm, Hodgson Russ, for his entire 35-year career – all of it in the same practice area. He's considered one of the state's leading tax-law experts, and has written five books about state tax issues while also teaching about taxation at University at Buffalo's School of Management. The Amherst native, who graduated from SUNY – Buffalo State and UB Law School, was recently named as the new chairman of the firm, taking his turn in a rotating position. He's counting on his experience counseling clients to help him counsel younger attorneys, as he works to help them – and the firm – grow. Q: What got you into tax law? A: It's actually a strange story. I started at the firm and I wanted to be a litigator, because every lawyer when they watch TV and they see what a lawyer is, it's the guy who litigates. The firm … [Read more...] about Tax attorney Mark Klein: ‘I find myself in many cases being a life coach’
Can tax attorneys really help
NATE “538” SILVER says the GOP’s odds of taking over the Senate dropped from 26% before Delaware to 15% today. http://bit.ly/dfwG7O He wrote last week that the GOP has “a two-in-three chance” of taking the House. http://bit.ly/cUGjge CHARLIE COOK moves Connecticut Senate from “lean D” to “toss up.” Will the Hartford Courant’s banner on Nov. 3 be: “Smackdown!”? Story Continued Below VIDEO: Mika Brzezinski runs Georgetown’s “Exorcist stairs” with Patrick Gavin. http://politi.co/chJJIr KATIE COURIC interviews MARIA SHRIVER. Video http://bit.ly/dxkOAR VANITY FAIR online: Sarah Palin followers think she’s fulfilling Biblical prophecy. http://bit.ly/8Zc22I Will “Esther” catch on as a nickname? DRIVING THE DAY: At 1:30 p.m. in the Rose Garden, President Obama is announcing that he will appoint Elizabeth Warren to be an Assistant to the President … [Read more...] about Podesta: Tax debate will help Dems – ’12 preview today! Mitt Romney: ‘an administration whose idea of a rogue state is Arizona’ … Pence: ‘Obama is the most pro-abortion president in American history’
Last Updated Dec 17, 2010 9:40 AM EST The Obama tax cut framework hasn't yet been signed into law, but here's an early scorecard of winners and losers: Winners Republicans: They got everything they wanted--extension of all Bush-era tax cuts; payroll tax reduction; estate tax exemption level at $5 million. I wouldn't really count the extension of unemployment benefits as a give, because after last week's employment report, there was no way that even the staunchest of Republicans could vote against that in the end... Top Wage Earners: Not only do they get an extension of the Bush-era tax cuts that benefited them far more than the middle or lower class, they also will see a reduction of payroll taxes that will amount to an extra $2,136 next year Wealthy and Retired: The biggest concerns of this group have always been the tax on capital gains/dividends and the estate tax--chalk up wins in both categories. The top rate on capital gains and dividends will be capped at 15 percent and the … [Read more...] about Obama Tax Cuts: Winners and Losers
By Karin Price Mueller/Credit.com Q. My parents are 70 and 72 and they are of sound mind. But they never want to talk about their finances, and I want to make sure they have enough because I can afford to help if they need it. How can I get them to talk? -- Stumped A. Lots of people don't like to talk about their finances. It can be especially difficult with seniors because the conversation is often about more than just money. Speaking about money with family makes some seniors very uncomfortable, said Jerry Lynch, a certified financial planner with JFL Total Wealth Management in Boonton, New Jersey. And if you have siblings, asking about your parents' money could create a situation where someone feels you're trying to trying to control and take your parents' money, he said. "This can create family issues that will never go away," Lynch said. To avoid that, if possible, bring in help from the outside. A financial planner, estate attorney or Certified Public Account can be more … [Read more...] about How can I get my aging parents to talk about money?
In 1955 when president Dwight Eisenhower had a heart attack, his staff told the press he had simply “suffered a digestive upset in the night.” Twelve hours later, the president’s team told the truth. White House reporters were furious. To repair the situation, James Hagerdy, Eisenhower’s press secretary drowned the press in information about Ike’s health. James Deakin begins his wonderful book “Straight Stuff” about the relationship between the White House and the press with this story: “He gave them information they wanted. He gave them information they should not have wanted but did want. He gave them information they did not want at all. He loved them to death.” There was so much information about Eisenhower’s convalescence that the president’s physician reported that he had a successful bowel movement. This, according to Deakin, put the the Associated Press in a bind. Were they going to report this development? … [Read more...] about What Clinton and Trump can learn from Eisenhower