Month: June 2010
The Latest Estate Tax Proposal
Friday’s Wall Street Journal had an article on the latest estate tax proposal, from independent Senator Bernie Sanders and Democratic Senators Tom Harkin of…
NC “Will to Live” Durable Power of Attorney
Most people who execute living wills, health care powers of attorney and other advance directives express their desire to not have their…
New Taxes on Investment Income will affect Estates and Trusts
According to a recent article on WSJ.com, the additional 3.8% tax that starts in 2013 will also apply to undistributed income in estates and…
Better GRAT While You Still Can
On June 15, 2010, the House of Representatives passed The Small Business Jobs Tax Relief Act of 2010 (the “Act”) which, if…
Inheriting an IRA from a spouse? Make sure you know the rules
When it comes to inheriting an IRA, spouses have more flexibility than other heirs. Here are the basic rules: The surviving spouse…
Think $4 billion would help our government?
Here’s an article about Houston’s Dan Duncan’s death this year and his $9 billion estate, which will completely escape estate taxes (although his heirs…
Estate Tax “Tremendous Upheaval” Predicted
On June 2, 2010, Senator Charles Grassley (R-IA) offered reporters his view on the uncertain future of the estate tax. Grassley is…
How about an estate tax-free IRA?
With the federal estate tax returning next year at a rate of 55%, with only a $1 million exemption, planning to reduce…
Some NC IRS Offices to be Open Saturday June 5
From IR-2010-071: The IRS offices listed below will be open June 5 from 9 a.m. to 2 p.m. IRS staff will be…
