July 2012 Posts

  • Higher Taxes are on the Horizon – 10 Planning Tips

    Despite all the wrangling in Congress, we are still facing income and estate tax increases in 2013, now only five months away. ...
  • U.S. House Republicans Introduce Bill to Continue Bush Tax Cuts

    The proposal provides for a continuation of the current income tax laws for one more year, preventing the scheduled expiration of the Bush tax cuts on December 31, 2012. ...
  • Self-Directed IRAs – Exercise Caution

    A self-directed IRA is an IRA held by a custodian that allows investments in a broader class of assets than allowed by most IRA custodians, such as real estate, promissory notes and private placement securities....
  • The New 3.8% Investment Surtax – Will it Apply to You?

    Now that the health care law has been declared constitutional, the remaining provisions will be going into effect. One little known provision is a new 3.8% investment income surtax, also called the health care surtax or the Medicare tax; ...
  • Intentionally Defective Grantor Trusts on the Chopping Block?

    Persons who have relied upon certain trusts as a means of limiting estate taxes upon their death might have cause for concern regarding an Obama administration budget proposal for 2013. ...
  • Supreme Court Clears Way for Affordable Care Act Taxes

    The Supreme Court’s recent decision to uphold the Affordable Care Act will have considerable tax consequences for both high-income as well as middle-class Americans. ...