by Christine | Feb 14, 2013 | Death Tax, Estate Tax, Federal Estate Tax, GIfting, Inheritance Tax |
The good news is the estate tax won’t apply to as many business owners as we feared; the bad news is that when it applies, it has a nasty sting. Over the past several years, we’ve seen estate taxes go through many alterations. We’ve seen changed exemption amounts, a...
by Christine | Jan 11, 2013 | Capital Gains, Estate Tax, Fiscal Cliff |
They didn't get what they wanted …. But they got what they needed. Is it true that for a real compromise to take place, everyone has to walk away a bit unhappy? If so, then the American Taxpayer Relief Act passed by Congress was the truest of compromises. While no...
by Christine | Jan 8, 2013 | Estate Tax, Fiscal Cliff, Gift Tax |
Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day later. Remember all that...
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 | Dec 25, 2012 | Estate Tax, Gift, Gift Tax |
Discussions of the looming fiscal cliff have paid scant attention to estate and gift taxes. But wealthy people might do well to consider being very generous this month and giving very large gifts at today’s bargain tax prices. While the estate and gift tax has been in...
by Christine | Nov 22, 2012 | Estate Planning, Estate Tax, Gift Tax, Portability |
Yes, portability is one of many tax-law provisions scheduled to expire at the end of 2012. But Congress appears likely to extend it beyond this year. Although many estate-tax issues are highly controversial, this one enjoys bipartisan support. You never really hear...
