Last month, we discussed potential devastating effects on business taxation when the Bush Era tax acts expire. We were concerned there would be no movement, and unfortunately, we were right. …
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As a child, I was a big fan of Star Wars. I loved all of the movies (Star Wars, The Empire Strikes Back, and Return of the Jedi) and insisted…
Last month, we spoke about the possibly devastating effects of the expiration of the Bush Era tax acts as it relates to income taxation, not just estate and gift taxes. …
Without new federal legislation, the per person gift and estate tax exclusion will drop from $5.12 million to $1 million of net worth per person on January 1, 2013, making…
For those thinking that a GOP victory in the race for White House is going to change the landscape for the estate and gift tax, think again. According to a…
Don’t look now, but 2012 is almost over, and it is now time to start thinking about year-end tax planning. The old saying is true, you can’t take it with…
Many people that I’ve talked with lately are more optimistic than I am about the possibility of a last minute “deal” to delay Taxmageddon, at least as it pertains to…
For some time I’ve been warning my clients about “Taxmageddon.” Taxmageddon is the term describing the onslaught of tax increases set to begin on January 1, 2013, upon the expiration…
A chain is only as strong as its weakest link. The same is true in estate planning. As estate planners, most practitioners focus on probate avoidance and tax planning. While…
