Here is a great article that landed in my Inbox this morning. It really gives you a good overview of the gift tax return and what is required in order to properly complete it. When creating an estate plan, it is recommended to consider an array of tax strategies while surveying various expert opinions.
Despite unprecedented government spending (=borrowing) and Federal Reserve action (=printing money out of thin air), there is more than a 50:50 chance that a ‘double dip’ recession is imminent. More at seekingalpha…
You can go here to estimate your 2011 income tax under three scenarios:
1. Bush tax cuts expire
2. Bush tax cuts extended
3. Obama’s budget: Congress passes the tax laws suggested in the president’s budget
Disclaimer: The results are estimates. For more details go to heritage.org.
Dr. Allen Meltzer is questioned by Rep. Ron Paul on this past Thursday, July 22, 2010: What happens when there are a dwindling supply of fools eager to buy into balance sheets that have greater than 1:1 debt-to-equity ratios? The Greater Fool Theory becomes an economic placebo for what ails us and is a Band-Aid [...]
Read more at thedailycapitalist…
“I wonder if President Obama reads the same data as I do? Aside from the fact that the numbers the White House presented are false, the data are revealing the beginning of an economic slowdown which are clearly contra to the Administration’s claims that the economy is growing. The Fed is clearly [...]
The new LG Chem plant in Holland, Michigan is touted in the media as being a boon to local businesses, however, listen carefully as the mayor of Holland admits that the reason for locating the plant in Holland is because of cheap electricity. It takes a lot of electricity to make the lithium-ion batteries, making [...]
Thought you were an expert on how US fiscal policy was made? You can go here to read more and join the discussion!
There is nothing more American in the history of the world than thinking big. One day does not have to come if you are of a uniquely American mindset. One day can be tomorrow if only the right ideas were put forth. Tax credits for things like solar water heaters and hybrid automobiles only scratch [...]
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California has always prided itself on being on the leading edge of innovation, at least in the computer technology sector. However, as a CPA who is duty-bound to serve the public and who feels the effects of the misdirection of government policy first-hand, i.e., on the client’s bottom line, it [...]
By Michelle C. Lerman
February 3, 2010
realestateinvestorlaw
Attorney Michelle Lerman discusses PLR 200742026, in which the IRS rules that decedent IRA’s must have a beneficiary designated prior to the date of death. Moreover, the ruling trumps state rulings to the contrary…
“An IRS private letter ruling highlights the importance of an updated estate plan. In Private Letter Ruling [...]
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