by Arthur Geffen | Sep 1, 2010 | Income Tax
This isn’t a surprise. For almost a decade everyone has known this day was coming. On Jan. 1, 2011 the top income tax rate on ordinary income and dividends will go back to 39.6%, the top tax rate on capital gains will revert to 20%, and the top tax rate...
by Arthur Geffen | Aug 23, 2010 | Estate Tax, Income Tax
Between a rock and a hard place! No winners here! The next big issue on the congressional agenda is a real humdinger: the Bush tax cuts. Opinion: Bush tax cuts reverse party lines – Bill Schneider – POLITICO.com
by Arthur Geffen | Aug 18, 2010 | Estate Tax, Income Tax, LGBT
It may sound myopic, but as a tax lawyer for 30 years, I tend to think of taxes first in all things. Even marriage. The gay marriage debate raises big issues, but I find taxes at the front and center of them. As a number of states and the IRS move to address...
by Arthur Geffen | Aug 5, 2010 | Income Tax
The Internal Revenue Service announced a policy shift Thursday that could combat the use of refund anticipation loans, the short-term loans that give taxpayers quick access to cash but usually at a high cost. UPDATE: IRS Shifts Policy On Refund Loans –...
by Arthur Geffen | Aug 4, 2010 | Estate Planning Solutions, Estate Tax, Income Tax, Tax, Tax Solutions
If you have assets of $1,000,000 (or even less in certain circumstances) to contribute, and still retain other assets sufficient to support you for the remainder of your life, you may consider forming and operating a family limited partnership (FLP) among...
by Arthur Geffen | Aug 4, 2010 | Estate Tax, Income Tax, Retirement Planning
Roth IRAs are a great tax saving vehicle. The reason: Investments held in a Roth IRA are allowed to build up federal-income-tax-free. Later on, you can take federal-income-tax-free withdrawals. Obviously, a zero tax rate is the best rate going. In addition to being...
