Individual Income & Estate Taxation
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Individual Income & Estate Taxation
What's new, pending & interesting in taxes effecting individuals.
Curated by Peggy Stampley
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CBO to employers: Obamacare has $4B more in taxes than expected

CBO to employers: Obamacare has $4B more in taxes than expected | Individual Income & Estate Taxation | Scoop.it
“That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues stemming ...
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Romney on Tax Evasion and Tim Geithner - NYTimes.com

“I think it's appropriate for the committee to be delving into this and trying to understand what the whole motivation was behind his tax policy. If in fact he was deliberately evading taxes, if he knew that he owed more taxes and ...
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“Taxmaggedon” Approaches | Attorney At Law

“Taxmaggedon” Approaches | Attorney At Law | Individual Income & Estate Taxation | Scoop.it
Affinity Fraud – With Friends Like These… ... Amid serious financial turmoil, some members of Congress wanted to restore the old taxes, while others opposed any changes, and still others proposed even lower tax rates as a way to revive the economy.
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S-Corp Business Audits Up-Says IRS Watchdog - Tax Resolution ...

S-Corp Business Audits Up-Says IRS Watchdog - Tax Resolution ... | Individual Income & Estate Taxation | Scoop.it
This flow through business structure allows company profits to go directly to shareholders to report on their individual tax return. These profits are not subject to the taxes (over 15%) that relate to employment such as FICA, ...
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Obamacare Will Cost Taxpayers $1 Trillion Over ... - Tax Lawyer's Blog

Obamacare Will Cost Taxpayers $1 Trillion Over ... - Tax Lawyer's Blog | Individual Income & Estate Taxation | Scoop.it
This week the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) updated their estimates of the tax increases embedded in Obamacare, i.e. the Patient Protection and Affordable Care Act.
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Taxes are Low - Move it or Lose It! - Forbes

Taxes are Low - Move it or Lose It! - Forbes | Individual Income & Estate Taxation | Scoop.it
Taxes are Low - Move it or Lose It!ForbesConsider his point: The top marginal tax bracket on qualifying dividends is 15 percent through the remainder of 2012. Next year, the rate is slated to go up to 43.4 percent.
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Multifamily Firms Stand to Lose If Bush Tax Cuts Expire « Phillips ...

Multifamily Firms Stand to Lose If Bush Tax Cuts Expire « Phillips ... | Individual Income & Estate Taxation | Scoop.it
This week, the Senate will vote on both a Democratic proposal that would extend the tax cuts for individuals/couples earning less than $200000/$250000 and a competing Republican proposal that would extend the tax cuts ...
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Lewis Hay: The Tax Cliff Endangers Seniors - Wall Street Journal

Lewis Hay: The Tax Cliff Endangers Seniors - Wall Street Journal | Individual Income & Estate Taxation | Scoop.it
Wall Street JournalLewis Hay: The Tax Cliff Endangers SeniorsWall Street JournalMost people know that the U.S. government is rapidly approaching the edge of a fiscal cliff that will raise taxes for millions of Americans—at every income level and age.
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Democrats Leave Out Estate Tax : Roll Call News

Democrats Leave Out Estate Tax : Roll Call News | Individual Income & Estate Taxation | Scoop.it
Lawmakers kick off a few more weeks of messaging about extending the 2001 and 2003 tax cuts with a Senate vote Wednesday before House action next week. Senate Democrats, however, will leave estate tax questions that could divide the party.
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The Cost and Tax Implications of Redefining Marriage - Fox Business

The Cost and Tax Implications of Redefining Marriage - Fox Business | Individual Income & Estate Taxation | Scoop.it
The Cost and Tax Implications of Redefining MarriageFox BusinessThe current divorce rate shows that marriage as an institution is collapsing, but recent court decisions are crumbling the definition as well.
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TaxProf Blog: Throwing Granny Off the Tax Cliff

TaxProf Blog: Throwing Granny Off the Tax Cliff | Individual Income & Estate Taxation | Scoop.it
According to a study prepared this year by Ernst & Young for the Alliance for Savings and Investment, the top U.S. integrated dividend tax rate is currently 50.8% (when both corporate and individual taxes are factored in).
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Montana Farm Bureau: Estate tax hurts farmers and ranchers ...

The bill did not include any extension for the estate tax rate, meaning in 2013, the death tax will increase from 35 percent to 55 percent, and the estate tax deduction will decrease from $5 million to $1 million with no spousal transfer.
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U.S. Senate passes tax cuts for all but the richest Americans | NOLA ...

U.S. Senate passes tax cuts for all but the richest Americans | NOLA ... | Individual Income & Estate Taxation | Scoop.it
House Speaker John Boehner said Thursday that his Republican-led chamber is "more than willing" to make Democrats vote on the President Barack Obama's plan to extend former president George W. Bush's tax cuts for all but the ...
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Estate tax debate heats up in US tax fight - Reuters

CBS NewsEstate tax debate heats up in US tax fightReutersWASHINGTON, July 26 (Reuters) - The partisan fight in the U.S.
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National Taxpayers Union - Who Pays Income Taxes?

National Taxpayers Union - Who Pays Income Taxes? | Individual Income & Estate Taxation | Scoop.it
America's oldest grassroots taxpayer organization working for lower taxes, smaller government, accountability from public officials, and economic freedom at all levels by advocating reform of the tax code, less wasteful spending, the adoption of...
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Is the IRS' “marriage penalty” real? | Urban Views Weekly ...

Is the IRS' “marriage penalty” real? | Urban Views Weekly ... | Individual Income & Estate Taxation | Scoop.it
Currently there are six federal tax rates ranging from 10 percent for low-income families and individuals to 35 percent for earnings over $388350 a year. Most people's income straddles several brackets.
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IRS Announces More Flexible Offer-In-Compromise Terms « US Tax ...

IRS Announces More Flexible Offer-In-Compromise Terms « US Tax ... | Individual Income & Estate Taxation | Scoop.it
The IRS has expanded the terms in its Offer-In-Compromise program — making it even easier for taxpayers to settle back taxes.
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Estate Tax Problem for Art Owners

Estate Tax Problem for Art Owners | Individual Income & Estate Taxation | Scoop.it
Robert Rauschenberg's Canyon art piece has no value because it can't be sold but still may fall into the owner's IRS income taxes as an asset.
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