Month: March 2008
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. I previously…
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. IR 2008-51…
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…
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…
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…
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…
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…
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: The IRS released a revenue…
