AMT Patch for 2010? Forget about it!

Posted on: November 23rd, 2009
And don’t even think about estate tax repeal. From Brian Dooley CPA, MBT’s newsletter: Update: The AMT patch is gone as seventy-three tax breaks will get a twelve month life. House Ways and Means Committee Chairman Charles Rangel, D-N.Y. is introducing legislation next week that would keep a variety of tax breaks from expiring before the end of the year....

No Relief for the Wealthy – Tax Predictions for the Next Decade

Posted on: November 16th, 2009
From the GiftLaw eNewsletter article New Decade Predictions: "The clear intention of Congress is to start addressing the deficit in 2011 by increasing taxes on upper-income taxpayers. The top brackets are proposed to be returned to 36% and 39.6% in 2011. ...

US Budget Deficit Sure to Drive Tax Increases

Posted on: August 31st, 2009
The White House Office of Management and Budget announced last week in its Mid-Sesion Review that the cumulative budget deficits for the upcoming 10 years are projected to be $9.1 trillion. ...

What to do if you receive an IRS Notice

Posted on: June 5th, 2009
Here’s the text of IRS Tax Tip 2009-72, but don’t forget, you can always contact a tax lawyer, CPA or enrolled agent for assistance and representation before the IRS:...

Possible Tax Increases to Pay for Health Care Reform

Posted on: May 23rd, 2009
As reported in the Giftlaw eNewsletter, the potential tax increases to pay for healthcare reform may include the following: 1. Employer Health Care Exclusion...

IRS to Hire 4500 New Revenue Agents

Posted on: May 12th, 2009
Taxes are going up, and so is the number of revenue agents at the IRS! This is from the latest GiftLaw eNewsletter: In the 2010 budget proposed by President Barack Obama, there is an increase of $400 million dollars for the IRS. ...
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