A Michigan Retirement Plan Trust is a specially designed, cutting edge estate planning tool, that may be used as the beneficiary of an IRA or other type of qualified account. It’s a form of stand-alone trust, separate from a revocable living…
SEONewsWire.net
Search Engine Optimized News for Business
Tag: IRS
Michigan Retirement Plan Trust Explained
Tagged with: CPA, estate planning, IRA, IRS, Private Letter Ruling, Retirement Plan Trust, Retirement Plan Trust Guide
THE IMPACT OF WINDSOR ON TAX AND PUBLIC BENEFITS PLANNING FOR SAME-SEX COUPLES PART I
Article by Thomas D. Begley Jr. This is the first of a two-part article on tax and public benefits planning for same-sex couples. In the 2013 case of United States v. Windsor,[1] the Supreme Court of the United States declared…
Tagged with: Begley Jr, Child Support, IRS, Joint Returns, New Jersey, Principal Residence, United States
If Used Properly, Annual Gift Tax Exclusion Can Be the Gift That Keeps on Giving
Natural instinct often urges parents to help their children financially. But when they seek to do so, they must be mindful of the interest the federal government will collect. Transfers of wealth that exceed an exclusionary level are subject to…
IRS Raises Lifetime Limit For Tax-Free Gifts
There are two different IRS limits that affect how much an individual can give to another without the imposition of a gift tax: an annual exclusion and a lifetime exclusion. In 2014, the annual limit is not changing, but the…
IRS Raises Lifetime Limit For Tax-Free Gifts
There are two different IRS limits that affect how much an individual can give to another without a gift tax being imposed: an annual exclusion and a lifetime exclusion. In 2014, the annual limit is not changing, while the lifetime…
Same-Sex Spousal Benefits
The White House has announced that the same-sex spouses of military vets are now granted spousal benefits. The Supreme Court’s rejection of the Defense of Marriage Act (DOMA) means that the spouses of vets can collect federal benefits, regardless…
Thieves and Scammers Target Elders
An alarming number of scams and thefts target elders. One type of scam takes advantage of the public’s confusion over changes in health insurance. Someone perpetrating this type of fraud may call a senior and say that new Medicare cards…
U.S. Ceases Enforcement of Laws Banning VA Benefits For Same-Sex Couples
There are two sections of a law that lays out benefits for U.S. veterans that the Obama administration will no longer enforce. In a rare decisions to stop enforcing enforcing federal laws, the President has directed the Executive Branch to…
NBAA Tax, Regulatory and Risk Management Conference starts the Sunday BEFORE NBAA Convention
If you will be attending the NBAA’s annual convention this year in Las Vegas, be sure to attend the Annual NBAA Tax, Regulatory and Risk Management Conference. The conference is an in depth review of the major issues facing aircraft…
The IRS is a Creditor Like Any Other Business Owed Money
The Internal Revenue Service (IRS) may seize a tax refund at any time. Sometimes this is done in error. Filing bankruptcy does not stop the IRS from collecting tax refunds before the process is started. What many people do not…
Top