Bahr and Kadlec, Ltd. At Bahr and Kadlec, Ltd. we feel that an informed client is our best client. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.   Burlington Office Twin Lakes Office 340 Bridge Street  (Hwy 83) 120 S. Lake Avenue Burlington, WI 53105 Twin Lakes, WI 53181 Phone (262) 763-5556  Fax (262) 763-8090 Map to Burlington Office Please Contact our Burlington Office for further information Map to Twin Lakes Office

Required Minimum Distributions Waived for 2009 Taxpayers can be subjected to an onerous excise tax if they take less than the required minimum distribution (RMD) from their retirement plan each year.   Temporary Credit for First-time Homebuyers The recent American Housing Rescue and Foreclosure Prevention Act of 2008 (Housing Act) created a temporary credit to encourage home ownership.   Changes to the Home Sale Gain Exclusion Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the two-year ownership and use tests for the exclusion were satisfied.