by Arthur Geffen | Apr 30, 2012 | Estate Tax, Gift Tax, Income Tax, Tax, Tax Planning
Congress has invented a new extreme sport: Skating on the edge of a $7 trillion fiscal cliff. That’s the magnitude of tax increases and spending cuts that will start to hit the economy on Jan. 1, 2013, unless Congress acts. And how Congress navigates that...
by Arthur Geffen | Nov 16, 2011 | Tax
WHAT DO YOU THINK??? Is this fair or right? Two-parent families of four in Alabama owed $498 in state income tax on poverty-line earnings in 2010, by far the highest amount in the nation, according to an annual report released today by the Center on Budget and...
by Arthur Geffen | Oct 20, 2011 | Income Tax, Tax, Tax Planning, Tax Solutions
WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety of tax provisions, affecting virtually...
by Arthur Geffen | Oct 4, 2011 | Estate Attorney, Estate Planning, Estate Tax, Tax
The United States Internal Revenue Service (IRS) has reminded estates of married individuals dying after 2010 that they must file an estate tax return, before October 31, to pass along their unused estate and gift tax exclusion amount to their surviving spouse. It was...
by Arthur Geffen | Aug 18, 2011 | Tax
Imagine this headline making national news in late November, just 10 weeks before the Iowa caucus: "Texas High Court Rules Perry Created State Income Tax." How would that play with tea partiers? A recent lawsuit argues that a tax on businesses passed...
by Arthur Geffen | Jun 8, 2011 | Tax
WASHINGTON (MarketWatch) — Former Republican Gov. Tim Pawlenty on Tuesday gave a major look at his economic program should he be elected president. His plan is ambitious, but unachievable. Speaking in Chicago, Pawlenty put forth in alternating concrete...
