Blog Archives

7 Smart Year End Tax Planning Moves

Posted in Tax News on December 7, 2011

1) Harvest Capital Losses Capital gains property includes stocks, bonds and mutual funds. Currently, the stated rate on long term capital gains is 15%. If you have a net loss after netting all of your gains and losses, the…

Tagged with: 529, 529 College Savings Plan, Appreciated Property, Bonds, Capital Gains, Capital Losses, Cash Basis, Charitable Donations, CHET, Connecticut, Connecticut Higher Education Trust, CT, Donations, Estate, Federal Estate Tax, Gift, Gift Tax, Gift Tax Return, Home Office, ira, Joint Return, Long Term Capital Gains, Married Couples, Mutual Funds, Required Minimum Distribution, RMD, roth ira, SEP, Simplified Employee Pension, Small Business, Small Business Owner, Stocks, Tax Deduction, tax planning, Year- End Tax Planning

5 Reasons Donors Should Give Appreciated Property

Posted in Tax News on November 10, 2011

Donors should give appreciated property to their favorite charity. Appreciated property is property whose Fair Market Value exceeds the cost basis. Cost basis is generally what was paid for an item.

Tagged with: Adjusted Gross Income, AGI, Appreciated Property, Asset, Avoid Capital Gains Tax, Capital Gains, Captial Gains Tax, Cash Donation, Cash Donations, Charitable Donation, Charities, Charity, Connecticut, Connecticut Estate Tax, Cost Basis, CT, CT Estate Tax, Donation, Donors, economy, Estate, Estate Planning, estate tax, Fair Market Value, Federal Estate Tax, Federal Income Tax, Income Tax, Itemized Deductions, Property, Restricted Gift, Schedule A, Standard Deduction, Stock, Unrestricted Gift

How (And When) to File a Federal Gift Tax Return

Posted in Tax News on June 23, 2011

Form 709, is required to be filed if a gift is made to someone for more than $13,000 in one year. Gifts between spouses are not required to file. Gifts can be made to an unlimited number of people in…

Tagged with: Annual Gift Tax Exclusion, April 15th, Cash Securities, College, Connecticut, CT, estate tax, Federal Estate Tax, Form 4868, Form 709, Form 8892, Form CT-709, Gift Splitting, Gift Tax, Internal Revenue Service, IRS, Medical Expense, Personal Property, Real Estate, Tax Extension

Is Estate Planning Dead?

Posted in Tax News on June 16, 2011

With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead. I think this deserves a closer look.

Tagged with: Assets, Connecticut, CT, Divorce, Estate Planning, Estate Planning Attorney, estate tax, Federal Estate Tax, Federal Estate Tax Exclusion, Health Care Proxy, Intestacy Laws, Power of Attorney, Trust, Will

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

7 Smart Year End Tax Planning Moves

5 Reasons Donors Should Give Appreciated Property

How (And When) to File a Federal Gift Tax Return

Is Estate Planning Dead?

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

7 Smart Year End Tax Planning Moves

5 Reasons Donors Should Give Appreciated Property

How (And When) to File a Federal Gift Tax Return

Is Estate Planning Dead?

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885