March 2008 Posts

  • NC Gift Tax Reform Under Consideration

    The Revenue Laws Study Committee of the North Carolina General Assembly is taking a look at reforming the North Carolina Gift Tax. ...
  • 3 Rules For Getting Your Economic Stimulus Payments on Time

    According to the IRS Commissioner: 1. File Early. 2. File Electronically. 3. Use Direct Deposit....
  • North Carolina Ranked 13th in Taxable Estates in 2006

    As reported in the TaxProf Blog, Citizens for Tax Justice has released a state-by-state ranking of the number of estates owing federal estate tax in 2006....
  • Retiring? This Study May Make You Think Twice!

    A Greek study reported this month in the American Journal of Epidemiology found that retired persons had a greater death rate than employed persons of the same age. ...
  • Estate Tax Changes Likely

    From this article in the New York Times yesterday: Beginning next year, the federal estate tax exemption will increase to $3.5 million. This means that the tax would apply to only about 0.3 percent of people who die each year. Not exactly the average American....
  • IRS Says Beware of These Tax Scams

    Tax scammers are creative – calling on telephone as well as sending emails. Heres a liink to a recent list of scammers’ ploys from the IRS....
  • IRS Allows Favorable Gift Treatment for S Corp

    This from Professor Chistopher Hoyt at the UMKC Law School, with good news for S Corporation owners:...
  • IRS to Publish New Proposed Regulations for 529 Plans

    The IRS has announced that it will soon propose new regulations governing 529 College Savings Plans, which will (I) contain an anti-abuse rule (to prevent using 529 Plans to skirt gift tax rules);...