Posts tagged with: "tax"
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20 Apr 2010, 2:40 am by admin
The Internal Revenue Service April 19 unveiled the eagerly awaited draft schedule and instructions that taxpayers would use to report their uncertain tax positions under a proposal announced in late January by Commissioner of Internal Revenue Douglas Shulman… 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… [read post]
23 Feb 2012, 2:14 pm by Jeffrey A. Cramer
No, we are not referring to the Mayan calendar-end of the world hysteria! Instead, we are referring to the end of the "Tax Relief Unemployment Insurance Reauthorization Job Creation Act", which dies on December 31, 2012. That law provides unprecedented gift tax, estate tax, and generation-skipping transfer tax exemption amounts of $5,000,000 per person. (Indexed for inflation so that it is $5,120,000 this year.) If Congress fails to act to extend this law, then these $5,000,000 exemption amounts… [read post]
9 Apr 2010, 5:36 am by admin
The risk continues to grow that President Obama’s international tax proposals may be picked up in Congress to pay for jobs legislation or other bills, rather than being considered as part of fundamental tax reform, Ernst & Young LLP practitioners said April 8. 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… [read post]
"Recently I read a brief article entitled "Bush Tax Cuts: Cutting Through the Noise" on CNNs financial news website. ..." [read post]
9 Jun 2012, 4:27 pm by Insight Law Firm
Insight Law – Kent, Auburn, Maple Valley And Renton Tax Attorney Dedicated  Tax Law Attorney Firm Representing Businesses And Individuals Throughout Washington State. We provide top quality service and client centric communication for a great value.  Four Locations For Your convenience. Call Today For a Free Consultation. If we cannot effectively resolve your tax issue, you will owe us nothing. Click “Home” To Read Our Blog. Click “About” To Learn More About Our Firm. Click the Tax… [read post]
14 Feb 2012, 2:01 pm by C.J. Griffin
Proving that celebrities are not above the law, the IRS recently served rapper Lil’ Kim with a tax lien for allegedly dodging more than $1 million in taxes. While it is celebrity tax stories that most often make the headlines, businesses and individuals frequently face the serious consequences of having a tax lien filed against them when the IRS determines that federal taxes have gone unpaid. A lien gives the IRS a legal claim to all of a taxpayer’s property as security for tax debt. The IRS… [read post]
20 Apr 2010, 3:05 am by admin
The White House and a top congressional tax writer sought to close the door April 19 on a value-added tax, with officials saying it was not under… 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 Title(required) Organisation(required) Address(required) Address… [read post]
17 Nov 2012, 9:06 pm by Randy Fisher
After months of bitter campaigning, Democrats and Republicans in Congress finally seem to agree on something: closing tax loopholes. The idea is appealing as a way to reduce the deficit and avoid the fiscal cliff by increasing revenue without actually increasing tax rates. What’s more, as the prospect of “closing tax loopholes” gains traction in [...] [read post]
3 Jun 2013, 11:30 am by Maggie Green
Last month, the Minnesota Legislature passed the Omnibus Tax Bill.  Erik Doerr wrote a great overview of the Tax Bill for Epilawg, check it out here.  My article below will focus on the new (or reinstated) Minnesota [...]Minnesota Gift Tax 2013 is a post from: Epilawg [read post]
If you are giving a large gift, you need to be aware that the IRS is watching. Accordingly, you need to secure good tax and legal advice before making large gifts. Often, the answers are simple. However, the consequences for errors in gifting can be significant. [read post]
29 Apr 2013, 8:34 am by Frank L. Brunetti
Lawmakers' decision to allow for a $5.25 million exemption for estates may have served as a great relief to wealthy individuals and small business owners who want to pass on considerable wealth to future generations. However, during estate tax planning, it's important for individuals to also take estate taxes that their particular state may impose [...]The post Business Owners and Wealthy Individuals: Don’t Forget to Account for State Estate Taxes appeared first on Tax, Trust, and Estate News. [read post]
25 Feb 2011, 10:45 am by Maggie Green
On December 17, 2010 Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (HR 4853).  This legislation dramatically changed the laws that would have come into effect on January 1, 2011; however, they only extend the existing legislation for two more years.  So although we have some certainty, it is [...]Estate and Gift Tax Laws 2011 is a post from: Epilawg [read post]
Perry and Cain, both contenders in the race to be the next Republican candidate for president, are proposing massive overhauls of the current progressive income-tax [read post]
21 Feb 2012, 9:50 am by IRS2_admin
Whether this is the first year you’ve filed your taxes, or you’ve been doing it for years, it’s always a good idea to review the most important rules before you get started. There are plenty of simple mistakes that even … Continue reading ? [read post]
24 May 2010, 7:45 am by admin
Congress’s proposed changes to the treatment of self-employment taxes on professional service providers are expected to raise $11.2 billion in new revenues for the federal government to help pay for a plan to extend dozens of expired tax cuts, according to… 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… [read post]
3 May 2013, 4:03 am by Frank L. Brunetti
A growing number of companies across a variety of industries are changing their business designations in an effort to lower their liability under federal tax law. The New York Times exclusively reported on this increasingly common scenario, in which corporations that operate in several sectors - including prisons, casinos and infrastructure - are classifying themselves [...]The post More Companies Change Business Designation for Tax Purposes appeared first on Tax, Trust, and Estate News. [read post]
18 Mar 2010, 3:57 am by admin
If anything explodes the fiction that the U.S. Internal Revenue Service and the taxpayer—particularly the corporate taxpayer—are in a constructive partnership or friendly “customer” relationship to ensure only that the “correct” amount of tax is collected, it is the recent bombshell by IRS contained in Announcement 2010-9… Read this entire article for free, simply activate your free 15 day trial access to Daily Tax Report now. Daily Tax… [read post]
24 Feb 2010, 4:44 am by admin
House Democrats give President Obama’s most recent health reform proposal a warm reception, though members say they are reserving final judgment on it. “I think it is getting a good reception in our caucus but nonetheless we have more work to do,” House Speaker Pelosi says. The White House is holding a health care summit tomorrow, but… Read this entire article for free, simply activate your free 15 day trial access to Daily Tax Report now. Daily Tax… [read post]