This week’s interview on Financial Insider Weekly is with attorney Frank Doyle. Our interview subject is, "What are income and estate tax benefits of family limited partnerships?"
What is the role of a business valuation specialist?
This week’s interview on Financial Insider Weekly is with James Brown, CFP(R). Our interview subject is, "What is the role of a business valuation specialist?"
Look at Roth Conversion again for 2010
Now that Congress passed The Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853) on December 16, converting an IRA or 401(k) to a Roth looks more appealing.
Most estates won’t have carryover basis for 2010
As a result of the reinstatement of the federal estate tax for 2010 by the Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, carryover basis won't apply to most estates of decedents who died during 2010.
Energy credits allowed for AMT for 2010 and 2011
The Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, extends the reduction of alternative minimum tax (AMT) liability for nonrefundable personal credits, including the credit for nonbusiness energy property and the credit for residential energy efficient property, through 2011.
Finally AMT exemption increased for 2010 (and 2011)
The Unemployment Insurance Reauthorization and Job Creation Act of 2010, passed by Congress on December 16, includes increased alternative minimum tax exemption amounts for 2010 and 2011.
What are the duties of a trustee?
This week’s interview on Financial Insider Weekly is with attorney Robert E. Temmerman, Jr. We discuss the duties of an trustee of a trust.
Profit motive required for business deductions
Businesses that generate consistent losses are an audit flag to the IRS. Under Internal Revenue Code Section 183, if an activity isn’t engaged in for profit, the deductions for the activity are generally limited to the amount of income from the activity.
What are the duties of an executor?
This week’s interview on Financial Insider Weekly is with attorney Robert E. Temmerman, Jr. We discuss the duties of an executor of an estate.