by Arthur Geffen | Nov 30, 2010 | Gift Tax, Gifts
– December is the season of giving, but quirks in the estate tax may prompt some wealthy seniors to be especially generous this year. Without action by Congress, estate taxes are set to spike on January 1 from zero to 55 percent, the highest in a decade....
by Arthur Geffen | Oct 21, 2010 | Estate Tax, Gift Tax, Income Tax
“No one knows what will happen come Jan. 1,” said Brittney B. Saks, personal financial services partner with PricewaterhouseCoopers private company services in Chicago. She advised taxpayers to do detailed studies of their personal finances and objectives and...
by Arthur Geffen | Oct 21, 2010 | Estate Planning Solutions, Gift Tax
GIVE my house to my children while I’m still alive? You must be kidding! Leave the Children the House, Without a Big Tax Bill – NYTimes.com
by Arthur Geffen | Aug 27, 2010 | Estate Planning Solutions, Estate Tax, Gift Tax
All three techniques also provide the transferor with an income stream for a fixed period. Finally, all three techniques take advantage of the actual rate of return on the transferred assets as compared to the assumed rate of return utilized by the IRS to value...
by Arthur Geffen | Aug 27, 2010 | Estate Planning Solutions, Gift Tax
A bigger issue as 2010 winds down, however, has become the gift tax, which is linked to the estate tax to prevent people from giving away their fortune in life to avoid taxes at death. It now stands at 35 percent, the lowest rate since the 1930s. And since a...
by Arthur Geffen | Jul 21, 2010 | Estate Tax, Gift Tax, Income Tax
Bush Tax Cuts: Will They Last? – CBS MoneyWatch.com
