[dropcap1]If[/dropcap1]you have a net worth over $1,000,000, you may need to take action in the next few days. On January 1, 2013, the estate tax rules are poised to reduce the Unified Lifetime Gift Tax exclusion from $5,120,000 to $1,000,000. Don’t think it’s a big deal? Want to just wait and see? Your inattentiveness to […]
Last Chance Forever? Read More »
$5,120,000.00!!! That’s how much someone can give away this year and not be on the hook for gift taxes. Why this exact amount? Because congress decided to put an “estate tax patch” good through the end of 2012 for the existing estate tax code. Additionally, any amount exceeding that limit will ‘only’ be taxed at
You Gave How Much?? Read More »
Did you know that there is no sales tax in Oregon, Delaware, New Hampshire, and Montana? Did you also know that there is no State income tax in Alaska, Florida, Nevada, New Hampshire, Wyoming, Texas, South Dakota, Tennessee, and Washington? “How can this be,” you ask? Part of the beauty in our Constitution (and the
Tax Here, But Not There? Read More »
You probably already know where you’re going for Thanksgiving and Christmas this year. And you’ve probably already decided how much of Aunt Jennie’s secret turkey stuffing you can eat without having to overdose on Tums for relief. But have you done your tax homework with your accountant or CPA to find out if there’s anything
“Now” is the Time!! Read More »
