Archive for the ‘Tax Planning’ Category
Thursday, March 15th, 2007
Tax laws are at times nothing if not infuriating. Indeed, with phaseouts and sunsets coming and going, taxpayers may find it difficult planning from one year to the next.
Case in point: In 2006 and 2007, the overall limitation on itemized deductions that reduces the value of certain itemized deductions ...
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Tuesday, October 31st, 2006
The indexing of many features of the tax code will bring some relief to taxpayers next year, according to CCH, a Wolters Kluwer business, which recently released estimated income ranges for each 2007 tax bracket.
Unlike many changes to the tax laws that are effective for only limited periods of time, ...
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Tuesday, July 18th, 2006
On May 17, 2006, President Bush signed into law the Tax Increase Prevention and Reconciliation Act of 2005, or TIPRA for short. TIPRA affects taxes on capital gains and dividends, the alternative minimum tax or AMT, the so-called kiddie tax, and Roth conversions. Given all the ...
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Wednesday, February 15th, 2006
The Internal Revenue Code is not ordinarily thought of as a gift that keeps on giving, but, with 2005 having given way to 2006, it does contain several sections which provide for keeping more of what you will be earning and saving more for your retirement—on a ...
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Friday, January 20th, 2006
To taxpayers, the Economic Growth and Tax Relief Reconciliation Act of 2001 may have meant income tax cuts resulting in more current after-tax income, but to financial planners it has meant more work for clients to develop strategies to minimize both federal and state estate taxes, a less widely-publicized section ...
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