Income Tax

AMT Repeal to Lead to Tax Increase?

Posted on: December 4th, 2006
From the N.C. State GiftLaw eNewsletter this week: In January of 2007, Rep. Charles Rangel (D-NY) will assume the leadership of the House Ways and Means Committee. Chairman Rangel has indicated that alternative minimum tax (AMT) reform will be a high priority. ...

Does the IRS Owe You Money?

Posted on: November 27th, 2006
​The IRS is holding $92 million for about 95,000 taxpayers whose refund checks have been returned as undeliverable by the Postal Service...

IRS Announces Income Tax Inflation Adjustments

Posted on: November 9th, 2006
Each personal and dependency exemption will be $3,400, up $100 from 2006. The new standard deduction will be $10,700 for married couples filing a joint return (up $400), $5,350 for singles and married individuals filing separately (up $200) and $7,850 for heads of household (up $300). ...
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