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 | Apr 17, 2012 | Income Tax
How much of your income went to taxes this year? There’s a decent chance Apple Inc. paid a smaller share. That’s the contention of a report released Tuesday from the Greenlining Institute, a research and public policy non-profit based in Berkeley,...
by Arthur Geffen | Apr 13, 2012 | Estate Tax, Income Tax, IRA
Inherited individual retirement accounts made news earlier this year when the Senate Finance Committee proposed to make heirs empty them within five years of the benefactor’s death. The measure, which was abandoned shortly thereafter, would have upended a...
by Arthur Geffen | Apr 12, 2012 | Income Tax
Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. Here are five tips from the IRS about keeping good records. 1. Normally, tax records should be kept...
by Arthur Geffen | Mar 29, 2012 | Income Tax
You may be an injured spouse if you file a joint tax return and all or part of your portion of a refund was, or is expected to be, applied to your spouse’s legally enforceable past due financial obligations. Here are seven facts about claiming injured spouse relief:...
