>>Welcome!

Dear Friends:

This firm is committed to providing quality service to its clients. This E-Newsletter is one means of providing that quality service. We hope you enjoy this issue, with information on common tax filing mistakes, 12 tax scams, refund for telephone excise tax, common estate planning mistakes, and other interesting news.

We feel all our clients and acquaintances could benefit from this information. Feel free to pass this E-Newsletter along to others. If you received this E-Newsletter from a friend and would like to subscribe, please visit www.WHC-Law.com and enter your email address in the subscription space provided.

Please let me know if there is an area of interest that you want covered in future newsletters.

Sincerely,

Feedback and suggestions? Please e-mail me:
whc@whc-law.com

>>Top 5 Attorneys

I appreciate being named as one of the top 5 Estate Planning Attorneys in the Pennsylvania MainLine area by the MainLineToday Magazine in their April 2007 edition.

I also want to thank everyone who nominated me.

Sincerely,

Bill Copperthwaite

Florida repealed the Annual Intangible Personal Property Tax effective January 1, 2007.

>>Quote:

"You cannot escape the responsibility of tomorrow by evading it today.”

- Abraham Lincoln

>>Top 10 Estate Planning Mistakes

10. Failure in not having a Will (or not updating your existing Will)

9. Failure to have successor Executors, successor Guardians and successor Trustees

8. Failure of not planning or discussing your Will with your beneficiaries

7. Failure to take taxes into consideration when preparing your Will

6. Failure to have a Power of Attorney

5. Failure to have an Advance Directive for Medical Care with appointment for a health care agent ("living will")

4. Appointing the wrong fiduciaries

3. Failure to plan for contingent beneficiaries

2. Failure to review and update the beneficiaries of the life insurance policies (and/or retirement plans)

1. Two Words: Internet Will

>>The Dirty Dozen

The Internal Revenue Service (IRS) has unveiled its latest list of notorious tax scams, which it calls the "Dirty Dozen".

(Click here to read the full article)

>>Telephone Excise Tax Credit - 2006 Tax Return

For 2006, taxpayers can request a credit or refund of amounts paid for telephone excise tax that was billed to taxpayers after Feb. 28, 2003, and before Aug. 1, 2006 (the refundable period). The refund or credit applies only on 2006 income tax returns.

(Click here to read the full article)

>>Common Tax Filing Mistakes

The Internal Revenue Service warns individuals about common mistakes made in preparing their returns that may result in additional tax, interest and penalties or delays in processing their returns and receiving refunds.

(Click here to read the full article)

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