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 20, 2010 | Income Tax
Employees who are getting large refunds should go to IRS Publication 919 for an IRS booklet that shows how to avoid too much withholding; the section you need to read starts on page four. If you’re self-employed, have your accountant recalculate your...
by Arthur Geffen | Oct 19, 2010 | Income Tax
With little time left on the legislative clock, policymakers will be hard-pressed to top the tax policy blunders they’ve already made this year. Most notable is their failure to decide what this year’s tax law should be. While politicians, analysts and the...
by Arthur Geffen | Oct 1, 2010 | Income Tax
The nonpartisan Congressional Budget Office estimated earlier this year that eliminating payroll taxes was roughly two to four times more effective in spurring economic activity than a reduction in income taxes, the policy option that’s getting most of...
by Arthur Geffen | Sep 28, 2010 | Income Tax, Retirement Planning
The average balance in an IRA would fund less than two years of retirement for the average American and represents not much more than 5% of the income a person needs to maintain a decent standard of living. Ten IRA Tasks To Do Before The Year Ends