The Obama Administration has proposed a 2011 federal budget intended to steer the economy toward recovery and create new sources of revenue to reduce our country’s deficit. If enacted, the tax proposals in the budget would affect individuals, businesses, and estates. Individual Provisions Perhaps the most wide-reaching provision in the budget proposal allows the maximum … Read more
Expect some changes when you file your 2007 tax return! Here are a few highlights from the Small Business and Work Opportunity Act of 2007. Do you own real estate? At the very end of 2007, Congress passed a bill with several tax law changes impacting real estate. Qualified Joint Ventures by Married … Read more
Everyone with a traditional IRA should be looking into whether converting to a Roth IRA might make sense for them, because the ability to shelter future earnings from taxation is a very attractive feature of the Roth. The difficult part in doing a conversion analysis, however, is in forecasting the tax bracket that will apply … Read more
Top Ten 2008 Income Tax Law Changes By David Roberts Every year for whatever reason whether it be political or an exchange of favors for lobbyists, our Congress adds additional changes to our already complicated tax law. Sometimes these changes are beneficial, sometimes they are not, but this article will briefly examine … Read more
Here is a checklist of different types of income, as specifically applicable to the category of taxpayer known as Investors. The other categories – Employees, Small Business Owners & the Self-Employed and Retirees – will be discussed in future articles. Keep in mind, however, that any one taxpayer may fall in more than one of … Read more