Estate plan and the new tax law An estate plan is like a car or a house: It needs regular maintenance to function as intended. Yet unlike your car or home, external events can create the need for adjustments. Among such events is legislation like the tax bill Congress passed in late December. So this
Category: taxes
CA lawmakers say their plan to allow “charitable donations” would “protect California residents from the targeted federal tax increases.”
https://www.usafacts.org/government-finances/spending Steven Ballmer in 2014. The former Microsoft chief executive is unveiling a website Tuesday aimed at giving United States citizens a transparent look at government budgets. CreditStephen Brashear/Getty Images Guess what Steven A. Ballmer has been up to for the last several years. (No, not just cheering for the basketball team he owns, the
We Hit a Nerve! Trump Lashes Out at Tax March Protesters. APR 17, 2017 — Thank you to everyone who hit the streets on Saturday to protest Trump’s unprecedented refusal to release his tax returns. Over 125,000 people marched, in more than 200 communities nationwide, demanding transparency from our president. Many of you even handed out
Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: 1. Nontaxable Gifts. The general rule is that any gift is potentially taxable. However, there are