Category Estates & Trusts

17
Dec

Tax Compromise Bill Passes!

The tax compromise bill passes! After the House defeated an amendment to remove the Estate Tax fix and an all nighter of debate, they passed the original Senate bill 277-148.  What are the implications?  Tax rates will not go up for anyone until 2013.  The Estate Tax will have an exemption of $5 million starting …

1
Oct

Taxes they are a rising … Second wave

Did you enjoy the rain from Tropical Storm Nicole?  We are in one of those weather patterns where every morning there is a new storm to read about.  As Congress goes on vacation, the pattern of tax storms heading right towards us remains uninterrupted as well.  Last time we talked about tax rates and personal …

7
Dec

Good and Bad News on the Death Tax

Thursday afternoon, December 3rd, 2009, the House of Representatives voted 225-200 in favor of H.R. 4154 which makes the current estate tax (death tax) exemption, or and rates permanent.  For the majority of Americans this is good news.  For many others, it could have been better. H.R. 4154 makes the first $3.5 million of an individual’s estate exempt …

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