Alternative Minimum Tax
Obama’s Call for 30-Percent Tax on High Earners Sets Up Election-Year Debate
When the Obama administration releases its fiscal 2013 budget plan next month, the President plans to propose an overhaul of the nation’s corporate tax system. While details remain forthcoming, the proposal is expected to reignite a broader national discussion on tax reform for both corporations and individuals. Although Obama has suggested lowering the corporate rate, Congressional Republicans will likely insist that any reform of corporate tax rules be combined with reforms for individuals. But as reported by Bloomberg , an election-year political stalemate remains the most likely scenario given Obama’s desire to raise the tax rate paid by the nation’s highest earners. “I don’t. Read More.
Possible Tax Reform Scenarios Could See Change in Corporate Tax Rate
When the Obama administration releases its fiscal 2013 budget plan next month, the President plans to propose an overhaul of the nation’s corporate tax system. While details remain forthcoming, the proposal is expected to reignite a broader national discussion on tax reform for both corporations and individuals. Although Obama has suggested lowering the corporate rate, Congressional Republicans will likely insist that any reform of corporate tax rules be combined with reforms for individuals. But as reported by Bloomberg , an election-year political stalemate remains the most likely scenario given Obama’s desire to raise the tax rate paid by the nation’s highest earners. “I don’t. Read More.
New Law Extends Tax Relief, Reinstates Estate & Gift Tax
Key Provisions of the Tax Relief Act of 2010 Incentives for Individuals Federal Estate & Gift Taxes Incentives for Businesses On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 , or H.R. 4853 (hereafter, “the Act”). The bipartisan legislation extends for two additional years many of the so-called “Bush-era tax cuts” originally enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Key provisions of the new law extend the individual and capital gains/dividend tax cuts for all taxpayers through 2012, enact a payroll tax cut for 2011, provide a two-year AMT patch, establish a top estate tax rate of 35 percent with an exclusion of $5. Read More.
Have You Developed a Year-End Tax Strategy? Time Is Running Out
As 2009 closes in just a few days, there are some important tax changes that will help you save money and prepare to file your 2009 tax return in the spring. We have summarized many of the major changes in our blog post, “Tax Planning Strategies & Year-End Considerations” in November, and since it has been one of our most popular posts, we’ve reposted it here and encourage you to review this information again before starting the process for your 2009 tax return.
Have You Developed a Year-End Tax Strategy? Time Is Running Out
As 2009 closes in just a few days, there are some important tax changes that will help you save money and prepare to file your 2009 tax return in the spring. We have summarized many of the major changes in our blog post, “Tax Planning Strategies & Year-End Considerations” in November, and since it has been one of our most popular posts, we’ve reposted it here and encourage you to review this information again before starting the process for your 2009 tax return.
Have You Developed a Year-End Tax Strategy? Time Is Running Out
As 2009 closes in just a few days, there are some important tax changes that will help you save money and prepare to file your 2009 tax return in the spring. We have summarized many of the major changes in our blog post, “Tax Planning Strategies & Year-End Considerations” in November, and since it has been one of our most popular posts, we’ve reposted it here and encourage you to review this information again before starting the process for your 2009 tax return.