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Archive for the ‘Estate Tax’ tag

The Fate of the Estate Tax – 2013 Edition

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Once again, it’s time to talk about the federal estate and gift tax. Are you ready? Because some of the wealthiest Americans sure are. In early December, a letter submitted to Congress by America’s richest including Warren Buffett, Bill Gates, and George Soros asked for a “significant tax on large estates when they are passed […]

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Written by Michelle Fabio

December 28th, 2012 at 9:19 am

Posted in Estate Planning,Taxes

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Can I Change My Will to Avoid Estate Tax? And More Free Tax Q&A – Ask the Tax Pro 12/20/12

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Robb: My in-laws are thinking of changing their wills so that individual items are bequeathed directly to specific heirs as opposed to out of the estate, as such. Is there any tax benefit to this?

Corporate Tax Network: Hi Robb, The estate tax is based on the ‘taxable estate”. The taxable estate covers all of the items…

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Written by Carrie Yutzy

December 24th, 2012 at 5:41 am

If I Make No Money, Do I Still Have to File Taxes? and More Tax Q&A – Ask the Tax Pro 11/15/12

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Jerry: If I show no income for the entire year, do I still need to file taxes, and or should my wife include me as a dependant?

Corporate Tax Network: Hi Jerry, For 2012, a married couple under age 65 would not need to file a tax return if their gross income was $19,500 or less. When you file jointly, each of you will claim…

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Written by Carrie Yutzy

November 19th, 2012 at 5:41 am

Small Business News Roundup: 8/13/10

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This week we’re talking about the estate tax, community banks, and building your brand. Plenty of great reading, so let’s get started: How estate tax benefits small business: We’ve discussed the estate tax here before on the blog, but this article is one small business owner’s perspective on what the so-called “death tax” means to […]

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Written by Michelle Fabio

August 13th, 2010 at 2:18 pm

What’s Going on with the Estate Tax?

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You may remember that the President Bush tax cuts of 2001 included a provision to repeal the estate tax in 2010; we’ve finally reached that year, so what happens now? Before we get to that, let’s discuss some basics. What is the estate tax? The federal estate tax is a tax imposed by the government […]

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Written by Michelle Fabio

May 20th, 2010 at 11:50 am