The Patient Protection and Affordable Care Act includes changes in the delivery of health insurance and several new income tax provisions. The implementation of these new rules over several years is a major focus oftax continuing education for Enrolled Agents and other tax professionals. Coverage Changes Starting in 2010, an adult child up to age … Read more
When people speak of cash gifting, a lot of suggestive idea comes into their mind. One of these idea is the free cash/money, where people obtains the rare chance to receive money for free, without taxes or any liabilities and considerations are requested upon receiving it. But is it really free after all? First … Read more
Everyone breathed a sigh of relief when the tax cuts were extended at the end of last year for another two years. Although it is good for real estate investors that the maximum federal capital gains rate will remain at 15% for the next two years, savvy investors know that they really pay much more … 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
Multilingual markets and the collapse of the US dollar This first 2008 quarter is about to end, and the US dollar keeps on dropping against other major currencies to reach some of its most embarrassing low records: It is over 50% weaker than the Euro and, for the first time in so many years, … Read more