Looking At The New Extate Tax Laws
January 21, 2011 by Pete Mitchell
Filed under All Posts, Estate planning, Tax Info.
In 2011, families and their financial, tax and legal consultants can at last plan estates with a degree of certainty. Thanks to the Tax Relief Act of 2010, we now have the lowest estate tax rate in 80 years, with some new rules to be aware of, and some very interesting choices and options affecting estate planning.1
THE BUSH-ERA TAX CUTS LIVE ON
January 12, 2011 by Pete Mitchell
Filed under All Posts, Tax Info.
With the strong possibility of not being reelected, the President tries to buy some good will from the American people. With the stroke of a pen. the Bush-era tax cuts (which the President campaigned against) are mostly kept alive and well… A holiday gift for taxpayers? After a 277-148 passage in the House and an [...]
What’s Up With The 2010 Estate Tax – Presented by Pete Mitchell
March 17, 2010 by Pete Mitchell
Filed under All Posts, Estate planning
0% estate taxes in 2010 … for now, anyway. On January 1, the federal estate tax went away – at least for the time being and perhaps for all of 2010 as envisioned back in 2001. President Obama and Congressional leaders wanted the estate tax to stick around in 2010 at 2009 levels (estate taxes up to 45% with a $3.5 million exemption), but lawmakers were preoccupied with other matters.1,2
