by Christine | May 12, 2014 | 2012, Estate Planning |
…There are a few important questions many of us don’t think about. They’re the often overlooked issues of estate planning that could make all the difference for your relatives and heirs after you pass. Estate planning encompasses so many areas of your life. For...
by Christine | Apr 4, 2013 | 2012, Gift Tax, Tax Return |
You must report 2012 gifts on Form 709 even if you don’t owe tax. Among other things, that’s so the IRS will know how much of the $5.12 million ($5.25 million for 2013) tax-free amount you have used so far. April 15 is approaching fast, and the tax man is ready to...
by Christine | Dec 26, 2012 | 2012, Estate Tax, Estates, Tax Planning, Taxes |
The good news: There was no Mayan apocalypse.The bad news: You didn’t win the Powerball. This past year will undoubtedly be remembered for several important events – the Supreme Court’s decision upholding Obamacare, the London Olympics and the reelection...
by Christine | Nov 26, 2012 | 2012, Estate Planning, Gift Tax |
Everyone is talking about the importance of making big gifts in 2012, but the critical question for many, is how much can you realistically afford to gift without jeopardizing your own financial security? How much can you afford to gift now, with a possible resurgence...
by Christine | Nov 12, 2012 | 2012, Capital Gains, Obamacare |
Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to at least 23.8% on most capital gains, at least for higher-income...
by Christine | Nov 7, 2012 | 2012, Estate Planning |
Much of what is being written on the prospect of the expiration of the Bush-Era tax cuts focuses on its income tax implications. Yet, I believe that there is a greater likelihood that the estate and gift taxation aspects of this looming expiration are both less likely...
