Posts tagged with: "tax"
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2 Nov 2012, 8:42 am by David Hiersekorn
George Lucas was likely motivated by the looming 2013 tax increases when he chose to sell LucasFilm in 2012, according to this Wall Street Journal Article. As I previously posted here, there are unprecedented estate tax and capital gains tax savings opportunities that are set to expire as part of the “fiscal cliff” at the end of 2012. Capital gains tax rates are increasing, estate tax rates are increasing and estate tax exemptions are decreasing. Plus, the Affordable Care Act (aka… [read post]
With the pending changes in the estate tax, it is necessary to review your estate plan to make sure it is up to date. [read post]
11 Mar 2014, 3:43 am by Jamie Held
Last week, Governor Dayton issued proposed tax cuts of $616 Million. The tax cuts are aimed at middle class Minnesotans and businesses. The proposed tax cuts include simplifying the state estate tax and eliminating the […]Governor Dayton’s Estate & Gift Tax Simplification Proposal is a post from: Epilawg [read post]
As of July 1, it’s official: Ohio has repealed its state estate tax, as reported through Forbes. Of course, it’s not quite dead yet as the estate tax provision of the new law doesn’t go into effect until Jan 1, 2013. Once it kicks in, though, the Ohio estate tax repeal is meant to be permanent. [read post]
2 Nov 2012, 8:42 am by David Hiersekorn
George Lucas was likely motivated by the looming 2013 tax increases when he chose to sell LucasFilm in 2012, according to this Wall Street Journal Article. As I previously posted here, there are unprecedented estate tax and capital gains tax savings opportunities that are set to expire as part of the “fiscal cliff” at the end of 2012. Capital gains tax rates are increasing, estate tax rates are increasing and estate tax exemptions are decreasing. Plus, the Affordable Care Act (aka… [read post]
If you're not running for president, and don't have to worry about public relations, what are the legitimate reasons for moving money offshore? [read post]
23 Apr 2010, 5:58 am by admin
The Senate Budget Committee approved its fiscal year 2011 budget resolution April 22, voting 12-10 to send the full Senate a package that would allow top individual income tax rates to rise in 2011 while allowing for… Read this entire article for free, simply activate your free 15 day trial access to Daily Tax Report now. Daily Tax Report First Name(required) Last Name(required) Email(valid email required) Job… [read post]
22 Dec 2010, 7:31 am by Todd Larsen
The Georgia Supreme Court recently muddied the waters when determining whether a charity will be exempt from local property taxes.  In Nuci Phillips Memorial Foundation v. Athens Clarke County Board of Tax Assessors, the Supreme Court heard arguments regarding a … Continue reading ? [read post]
10 Nov 2009, 3:03 am
Pre-Budget Report 2009 - statement announced for Wednesday 9 December 2009. Chancellor Alistair Darling has confirmed that he will make his Pre-Budget Report statement on Wednesday 9 December 2009. [read post]
Bankruptcy can clear some types of tax debt.  It will not clear a federal tax lien that has attached to your assets.  However, when no tax lien has been filed, income tax debt can be discharged and cleared from your record if some very specific requirements are met in either a Chapter 7  or a Chapter 13 proceeding.  Not only can bankruptcy clear IRS income tax debt, it can get rid of state and local income tax debt as well. Timing is an important issue in clearing a tax debt and there are some… [read post]
21 Apr 2010, 3:40 am by admin
The draft schedule and instructions that taxpayers would use to report uncertain tax positions, unveiled by the Internal Revenue Service April 19, are administratively helpful and well thought out—but concerns remain about the use of the information and the scope and breadth of the proposal itself, practitioners told BNA in interviews April 20. The documents, issued under… Read this entire article for free, simply activate your free 15 day trial access to Daily… [read post]
12 Feb 2010, 5:59 am by admin
Enactment of President Obama’s broad-ranging package of international tax proposals remains far from certain as Congress deals with a crowded agenda in an election year, senior KPMG LLP tax professionals said in a webcast Feb. 10. “Legislation that has a broad and adverse impact on… Read this entire article for free, simply activate your free 15 day trial access to Daily Tax Report now. Daily Tax Report Your Name(required) Email(valid email required) Job… [read post]
11 Jan 2010, 9:00 am by ladylitigator
Westchester attorney Lisa Fantino thinks homeowners may be sitting on untapped tax windfall despite declining property values. [read post]
9 Nov 2011, 2:42 am by Insight Law Firm
Dedicated Washington Tax Attorneys Serving All of East King County. Call Today For a Free Consultation.(206)397-4780 Click “Home” To Read Our Blog. Click “About” To Learn More About Our Firm. www.insightlawfirm.com [read post]
17 Jun 2010, 6:45 am by admin
Senate Finance Committee Chairman Max Baucus (D-Mont.) June 16 introduced a new substitute amendment (S. Amdt. 4369) to the tax extenders bill (H.R. 4213) that would further soften a tax increase on investment fund managers and would ease administrative concerns regarding new rules for S corporations. Baucus’s new substitute amendment to the extenders bill was offered just hours after his original proposal (S. Amdt. 4301) garnered only 45 of the 60 votes needed to advance in… [read post]
As of July 1, it’s official: Ohio has repealed its state estate tax, as reported through Forbes. Of course, it’s not quite dead yet as the estate tax provision of the new law doesn’t go into effect until Jan 1, 2013. Once it kicks in, though, the Ohio estate tax repeal is meant to be permanent. [read post]
22 Oct 2013, 9:16 am by Stephen S. Photopoulos
Many taxpayers are unaware that they may be able to deduct the costs of searching for a job or moving to start work for a new employer.  The IRS allows taxpayers to write off their reasonable moving expenses under certain conditions, as well as the necessary expenses involved in searching for employment.  However, in order […] [read post]
Here's an irony: Even as the U.S. government is cracking down on illegal foreign accounts, other new laws and proposals could present big incentives for the wealthy to move more money offshore. [read post]
16 Jan 2013, 9:23 am by Joseph M. Donegan
 Found Guilty of Tax Evasion A South Carolina state legislator was found guilty of misdemeanor tax evasion, but will face no jail time. Representative Kris Crawford was charged with failing to file tax returns from 2004 and 2007 in a timely manner. His 2004 taxes were filed in 2007, his 2004 and 2005 taxes were [...]The post South Carolina Lawmaker Found Guilty of Tax Evasion appeared first on Tax, Trust, and Estate News. [read post]
3 Jan 2013, 4:43 am by Jamie Held
Congress passed The American Taxpayer Relief Act of 2012 on January 1, 2013.  Among its many provisions are the following pertaining to estate taxes:  Permanent estate, gift and generation skipping transfer tax relief The EGTRRA [...]Permanent Estate Tax Relief is a post from: Epilawg [read post]