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Timely updates on tax matters can help you better preserve and manage assets. We invite you to visit often in order to stay current on development impacting taxes.

Gift Tax Exclusion Amount for 2015 remains at $14,000

Posted by on Tuesday, February 24th, 2015 in Blog

You can give away as much as $14,000 each year to anyone you want, and to as many people as you choose, without any tax considerations. These gifts can be to family members, friends or even acquaintances. There is no dollar limit on how much you can give away as long as you portion it […]

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Gift Tax Exclusion Amount for 2011 remains at $13,000

Posted by on Monday, July 16th, 2012 in Blog

You can give away as much as $13,000 each year to anyone you want, and to as many people as you choose, without any tax considerations. These gifts can be to family members, friends or even acquaintances. There is no dollar limit on how much you can give away with as long as you portion it out in quantities of $13,000. The annual […]

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Roth Conversion Income Deferral Over Two Years No Longer Permitted

Posted by on Monday, July 16th, 2012 in Blog

A special provision of the tax law allowed individuals who made Roth conversions in 2010 to split that conversion income equally over 2011 and 2012. That was a great tax deal. However, as some individuals are discovering, this seemingly favorable provision is causing tax problems for clients whose financial situations have taken a turn for the worse. […]

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