Income Tax
BVI Accounts Under Scrutiny in 2014
A new law will reveal more details about United States taxpayers who maintain accounts in the British Virgin Islands. Starting in 2014,…
Tax Concerns When Modifying Trusts
In May 2013, the Internal Revenue Service issued a Private Letter Ruling addressing tax concerns resulting from a trust modification agreement. PLRs…
Traditional IRAs: 3 Penalty-Free Withdrawals are Allowed Before Retirement
Making withdrawals from retirement accounts before actual retirement is usually a last resort. Individuals fear penalties and taxes—expenses they were not anticipating…
More Estate Planning Opportunities Forecasted for Roth 401(k)s
A new study reveals more employers will offer Roth 401(k)s to their employees in 2013. About a third of all employers surveyed…
3 Asset Protection Tips for 2013
As North Carolina business owners and other taxpayers adjust to the effects of the 2012 American Tax Payer Relief Act, they are…
What the Fiscal Cliff Deal Means for Retirement Accounts
The fiscal cliff deal has not only affected income and estate taxes, but it has also changed how retirement rollovers are handled….
What the Fiscal Cliff Deal Means for Retirement Accounts
The fiscal cliff deal has not only affected income and estate taxes, but it has also changed how retirement rollovers are handled….
Now is the Time to Consider Tax Issues as 2013 Draws Near
A recent press briefing with Press Secretary Jay Carney touched on tax issues that will affect every American in 2013. Right now, Americans are…
Estate Tax Exclusion Amount for 2012 to Increase to $5,120,000
The IRS announced today that the amount exemption from estate taxes will increase next year. For an estate of any decedent dying…
Higher Taxes are on the Horizon – 10 Planning Tips
Despite all the wrangling in Congress, we are still facing income and estate tax increases in 2013, now only five months away….
