The senate has overwhelmingly passed the bill to extend the Bush era tax cuts. The house HAS NOT but it continues to appear they are likely to pass it—-but not without significant added earmarks. A vote is still expected this … Continue reading
Posted in Asset Protection, Estate & Gift Planning, Estate & Gift Taxes, Future Planning, News, Taxes
Tagged asset protection, clients, congress, Estate Planning, Estate Taxes, Gift Planning, Gift Taxes
As reported by the Wall Street Journal in this morning’s paper below is a brief synopsis of the proposed tax cuts in the tax bill currently being decided on by Congress: All taxpayers (1) Two-year extension of current tax rates … Continue reading
Posted in Congress, Future Planning, News, Taxes
Tagged clients, congress, Estate Taxes, Gift Planning, money, savings, small business, taxes
The tax bill for small businesses looks like it will be passed very soon. Some of the items which will affect you are as follows: 1. You may expense up to $500,000 of assets placed in service in 2010 and … Continue reading
Take a look at your dividend paying stocks before the end of 2010. Dividend tax rates might be on the rise next year if the Bush tax cuts expire.
CIRCULAR 230 DISCLAIMER: ADVICE, ARTICLES AND COMMENTARY INCLUDED HEREIN DO NOT CONSTITUTE AN OPINION AND ARE NOT INTENDED OR WRITTEN TO BE USED, AND THEY CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON THE TAXPAYER.