Month: June 2007
Why Establish an IRA Trust?
In 2005 a Private Letter ruling was issued by the IRA approving a specially designed “IRA Trust” that offers maximum protection and…
Play Dumb to Find a Good Lawyer?
Today I came across a question and answer column on the Raleigh News and Observer website called “Ask Holly.” The answers are…
Local IRS Offices
Do you have a dispute or other matter pending with the IRS and are tired of dealing with them over the phone?…
Making a Gift? – Make Sure You Know the Rules
Gifting property can be an effective way to spend down assets for future Medicaid eligibility and to reduce estate tax liability. Many…
Warning – This email is not from the IRS
Today I received the following email, which is clearly fraudulent. If you get such an email, DO NOT RESPOND unless you like…
“Kiddie Tax” To Apply to Grownup Kids Next Year
Effective January 1, 2008, the “kiddie tax,” which applies the parent’s tax rate to children’s unearned income over $1,700 (for 2007) will…
U.S. Supreme Court to Decide on Trust Investment Fees
On June 25 the U.S. Supreme Court agreed to hear a case on whether the investment expenses of trusts are fully deductible…
NC Senate Proposes Reduction in Top Income Tax Rate
Last week the North Carolina Senate produced its version of the state budget, which included: • Reducing the state sales tax and…
