Archive | August, 2011

Washington Hotline – August – Week 5 – 2011

Deficit Reduction Committee in “Serious Discussions” The 12-member Joint Select Committee on Deficit Reduction is now preparing for its fall meetings.  The committee is comprised of six members from each party from both the House and Senate. The Joint Committee co-chairs are U.S. Senator Patty Murray (D-WA) and Rep. Jeb Hensarling (R-TX).  They issued a […]

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Washington Hotline – August – Week 4 – 2011

Joint Select Committee Secrecy With the naming of the 12-person Joint Select Committee, the process to determine $1.5 trillion in deficit reductions has commenced.  Previous negotiations between President Obama and Speaker Boehner (R-OH) have been private.  Similarly, the fiscal committee chaired by Vice President Biden committed to secrecy during their discussions. Other members of Congress […]

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What Happens to My Retirement Assets in the Event of a Divorce?

What Happens to My Retirement Assets in the Event of a Divorce?   Federal law requires that participants in employer-sponsored retirement plans designate their spouse as their beneficiary unless the spouse waives this right in writing. Assuming that you and your spouse adhered to this practice, a document known as a Qualified Domestic Relations Order […]

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Verify the Status of Charitable Organizations

Want to make sure that a group asking for your charitable donation is authorized with the IRS?  Head to the IRS website, where the agency has posted the full list of charities eligible to receive tax-deductible contributions.  See www.irs.gov/charities/article/0,,id=96136,00.html .  The IRS used to publish the list on paper, but to save money, it’s now […]

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