STEINBRENNER, THE OWNER OF THE YANKEES, SAVES MILLIONS IN TAXES

You've probably heard George Steinbrenner, the controversial owner of the the New York Yankees, died last week. Good tax planning on his part. As we all know, the estate tax itself "expired" this year. Under current law, it roars back on January 2011 with a $1 million tax-free "unified credit" and 55% top rate. Steinbrenner is estimated to have been worth $1.1 billion, which suggests that his estate will avoid $600 million in tax.

KEEP UNCLE SAM OUT OF YOUR POCKET

Salon Today recently published an article I wrote on year-end tax planning. Keep Uncle Sam Out Of Your Pocket includes some effective tax strategies to use by the end of 2009 to help save on next year's taxes. Click on the link to read the article in its entirety.

Also, don't forget to check out Salon Today at www.salontoday.com.

Larry Kopsa CPA