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TAX KNOW-HOW
RELATED aRTICLES BELOW
Estate Tax – A Moving Target
How your estate is taxed when you
die is a moving target. This article
summarizes where we are right now...read
more
2010 Estate Tax Alert –
Retroactively Imposed is
Unconstitutional
For 10 years the estate tax was set
in law to be abolished in 2010. If
congress didn’t act to keep it
abolished or modify it for 2011 and
beyond, then the 2011 estate tax
would just revert to that of 2000.
Now congress is considering
retroactively imposing an estate tax
for 2010 later in 2010...read
more
Even Less Reason in 2010 to Withdraw From Your
Tax-Deferred Accounts
During your retirement, you’re often advised to
live off your taxable accounts first before
using your tax-deferred accounts. That’s because
withdrawing from your tax-deferred accounts will
tax you more whereas keeping them untouched
allows them to grow faster than your taxable
accounts...read
more
No Stepped-Up Basis for Estate Inheritors of
Those Dying in 2010
Up until 2010, property owned by a decedent at
the time of death of his death had its tax basis
changed from what the decedent’s basis was to
its fair market value – whichever was higher.
For the year 2010 – and only that year – the law
has been changed to ‘whatever is lower’...read
more
Estate Taxes Can Bite You Bad after
the Year of Kevorkian
The estate tax is the government’s
last bite out of you when you die.
It’s a tax on the value of your
estate at your death. And it can be
a big bite. You better read on....read
more
Gift Taxes – What, When, How Much,
and Exclusions
When you transfer your wealth by
gifting or dying, the federal
government wants part of ‘the
action’. Active giving can trigger a
federal gift taxwhereas dying triggers the federal
estate tax too. Both are paid when
you die out of your estate....read
more
Your Home Carries a Huge Capital
Gains Exclusion Benefit
Home ownership carries a couple of
major tax-benefits. One is the
deductibility of your interest
portion of your mortgage payments.
The other is that much of your gains
can be excluded when you sell your
home. Let’s take a look at the
latter to show you the conditions
under which you can reap ‘tax-free’
so much of the equity increase of
you home...read
more
How Much Income Tax Are the Feds
Really Taking from You?
If you’re trying to
save money, you ought to know how
much the federal government is
taking from what you earn. Most
people just don’t know. Finding out
will show you why it’s hard to get
ahead...read
more
How Taxation Rules Your Investment
Options
You grow your savings
so to use them later. Outside of
contributing they grow according to
how you invest them. Government’s
taxation plays an important part in
how you choose what to invest in and
how to hold that investment...read
more
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