Pending Legislation
Opportunities for 529 College Savings Plans
529 College Savings Plans consistently offer long-term tax-deferred growth for future students. As a savings tool, 529 plans come with a few…
Another Flip-Flop on Inherited IRA Stretch
Tax season is in full swing, and I was recently out of the office for a few days, so I’m a bit…
Stretch IRAs No Longer on the Chopping Block
The the provision that would limit stretch IRAs (I blogged about it yesterday) has been removed from the proposed Highway Bill. Good…
No More IRA Stretching?
Senator Baucus’ proposal to do away with stretching for most inherited IRA has not gone away as was anticipated earlier this month….
Estate and Gift Tax Bill Introduced in House
On November 17, 2011, Congressman Jim McDermott (D-WA), a senior member of the House Ways and Means Committee, introduced HR 3467, the…
Democrats to Introduce Bill to Lower Estate Tax Exemption to $1 Million
This news courtesy of Financial Advisor Nat Harris (emphasis added): House Democrats plan to introduce a bill today to extend and overhaul…
NC Homestead Exemption to Increase
House Bill 1058 – Effective December 1, 2009, an individual resident of North Carolina who is a debtor can retain, free from…
Summary of Obama’s 2013 Budget Proposal for Estate and Gift Taxes
A June 22, 2011 article on Trusts and Estates magazine’s website contains a nice summary of President Obama’s budget proposal measures effecting estate planning….
NC Court Costs May Increase
If the pending appropriations bill in the North Carolina General Assembly passes and is signed into law by Governor Perdue, the filing…
House to Obama on Tax Agreement – No Go!
The House has decided not to vote on the tax cut agreement Obama reached with Republican leaders earlier this week. Particularly objectionable…
