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Thomas Scanlon,CPA,CFP® Quoted in Patch.com

Posted in Tax News on July 8, 2011

  On July 5, 2011, Thomas Scanlon,CPA,CFP ® was quoted on “Moody’s Outlook Negative on State’s Long-Term Debt”. To read the article, please click here: Moody’s Outlook

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Smart Financial Steps for Unmarried Couples

Posted in Tax News on July 8, 2011

On July 6, 2011, Tom Scanlon,CPA  was interviewed by Logan Byrnes on Fox CT Morning News.  On the Money Matters segment, Tom talked about joint tenancy, the importance of having a will and beneficary designations. To see Tom’s interview, please click here:  Fox…

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How to Double Your Estate Tax Exclusion by Using a Credit Shelter Trust

Posted in Tax News on July 8, 2011

For 2011 and 2012, the federal estate tax exclusion is $5 million.  For taxable estates in excess of $5 million, the highest federal tax rate is 35%.  If there are no changes to the law, the federal estate tax exclusion…

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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…

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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.

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