Month: November 2008
NC Gift Tax to be Repealed?
Budget negotiators for the North Carolina House and Senate agreed on tax breaks in the 2008-09 spending plan, which include, most notably…
Report Foreign Bank Accounts Totaling Over $10,000
The IRS is increasing its efforts to track down American taxpayers who have undeclared foreign bank accounts (including US citizens living abroad)….
IRS Announces 2009 Standard Mileage Rates
The Internal Revenue Service has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile…
“Aging in America” Recording Available on NAELA Webiste
A recorded version of the National Academy of Elder Law Attorneys (NAELA)’s public webcast “Aging in America: How to Plan for it”…
Reverse Mortgage Limits Double
The Housing and Economic Recovery Act of 2008 more than doubled the home value (now up to $417,000) to be used nationwide for establishing…
NAELA Announces New Senior Housing Locator Website
The National Academy of Elder Law Attorneys (NAELA) has unveiled its new Senior Housing Locator powered by SNAPforSeniors®, an online navigational tool designed to help easily…
Obama and Taxes
A recent article on Obama’s tax plan: How Obama’s Tax Plan Could Affect You…
NC Has 11th Highest Income Tax Rate in U.S.
Our top rate is now 7.75%, just slightly under Idaho’s top rate of 7.8%. Even New York has a lower top rate….
Tax Policy Center Report on Federal Estate Tax
Here’s a recent comprehensive report from the Urban-Brookings Tax Policy Center entitled Back from the Grave: Revenue and Distributional Effects of Reforming the…