Month: March 2010
Dividing Assets Among Adult Children
When children are young, the primary concern of parents is to provide for them. After they grow up, parents usually still want…
North Carolina vs. Florida: Creditor Protection & Taxes
Many North Carolinians have winter homes in Florida, and even more Floridians have summer homes in the North Carolina mountains. For those…
Take Advantage of Recovery Act Tax Credits
The White House has launched an Tax Savings Tool on its website to assist middle-class taxpayers in getting the most out of the various…
Tax Consequences of Equitable Distribution
My article, Tax Consequences of Equitable Distribution, which discusses the income tax issues involved in the division of property due to divorce, was…
NC Medical Society Website – A Resource for Advance Directives
In addition to attorney-prepared health care planning documents like Health Care Powers of Attorney, Living Wills and HIPAA Authorizations, I often talk…
Update on Health Care Surtax
The Reconciliation Bill (H.R. 4872), which passed the House and has gone to the Senate contains a 3.8% surtax on investment income…
10 Year Minimum GRAT Approved by Ways and Means Committee
The House Ways and Means Committee has approved H.R. 4849. The “Small Business and Infrastructure Jobs Tax Act of 2010,” which contains…
Health Care Reform Will Bring Higher Taxes
The Health Care Reconciliation bill includes a new 3.8% Medicare tax on investment income, which includes IRA distributions, interest income (including tax exempt), dividends,…
Health Care Reform Will Bring Higher Taxes
he Health Care Reconciliation bill includes a new 3.8% Medicare tax on investment income, which includes IRA distributions, interest income (including tax exempt), dividends,…
The 2010 “Dirty Dozen” List of Tax Scams
From IR-2010-32: WASHINGTON — The Internal Revenue Service today issued its 2010 “dirty dozen” list of tax scams, including schemes involving return…
