Blog Archives

8 Reasons You Will Pay More Taxes in 2013…Guaranteed

  1) Increase in Ordinary Income Tax Rates The highest ordinary income tax rate is 35%.  This is scheduled to go up to 39.6%  


Tagged with: , , , , , , , , , , , , , , , , , , , ,

3 Reasons Many Family Loans Turn into Grants

Have you made a loan to a child or grandchild? When making a loan, you have an expectation of getting paid back.  When a family loan turns into a grant, you’re not going to get paid back. Here are 3


Tagged with: , , , , , , , ,

3 Easy Ways to Financially Help Your Children or Grandchildren

Do your children or grandchildren need some financial assistance? Here are 3 Easy Ways to help them:   1) Make a Loan Parents and grandparents can loan to their child or grandchild.  If this is the approach taken, a formal


Tagged with: , , , , , , , , , , , , , , , , ,

2012 Tax Benefits Increase Due to Inflation Adjustments

Every year the IRS must adjust the dollar amounts of a variety of provisions which affect every taxpayer, to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers in early 2013 include the following:


Tagged with: , , , , , , , , , , , , , , , , , , , , , , ,

How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

Annual Exclusion Taxpayers are allowed to gift up to $13,000 per year to an unlimited number of people without having to file a gift tax return or pay a gift tax. If the amount goes over $13,000 to any one


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,