by Arthur Geffen | Sep 27, 2010 | Income Tax, Trusts
Estates and nongrantor trusts must file income tax returns just as individuals do, but with some important differences. For one, their income is taxed at either the entity or beneficiary level depending on whether it is allocated to principal or allocated to...
by Arthur Geffen | Sep 27, 2010 | Medicaid
I have had a few clients who have been sold “Medicaid Friendly” Annuities. In at least one case, the annuity salesman sold the client a “Medicaid Friendly” annuity in the local senior center. I don’t know who the salesman was, or the details of his sales pitch,...
by Arthur Geffen | Sep 26, 2010 | Income Tax
FULLY REFUNDABLE TO BOOT! The earned-income tax credit has become more generous this year as part of the government’s economic recovery efforts.Although 24 million people received the credit last year, it is still not well understood by most Americans. In fact,...
by Arthur Geffen | Sep 24, 2010 | Income Tax
The Small Business Jobs and Credit Act, which passed the House Thursday, includes a new tax break for self-employed people who pay their own health insurance premiums. Under current law, the self-employed can deduct premiums they pay for themselves and their...
by Arthur Geffen | Sep 23, 2010 | Estate Tax
Everyone talks about the Estate Tax and how evil it is, even causing financial disasters within very wealthy circles, but few know how it is actually calculated. So today, I am going to show you you how to easily calculate the Federal Estate Tax. I say Federal...
