Planning for 2012
Prepare for Increased Taxes in 2013
As many of you know, the U.S. Supreme Court upheld the 2010 Health Care Act on June 28, 2012. What you may not understand is how this decision will affect your tax burden in 2013. It is more likely than not that the 3.8% surtax (the “Surtax”) on net investment income...
URGENT… Plan for Using Estate and Gift Tax Exemption in 2012
As many of you already know 2013 is going to be a year of change in the tax world… Until December 31, 2012 you can make tax free gifts of up to 5,120,000 but on January 1, 2013 tax free gifts will be limited to 1,000,000. That is HUGE. If your estate is well under...
Linda’s Tampa Bay 10 Interview
Our very own Linda Griffin was a guest Friday December 7, 2012 on Tampa Bay 10 News to discuss the tax increases in 2013. To watch the full interview with Linda Griffin, please click on the following link: Watch_Video_Here These tax increases include the following: 1)...
Be proactive with the anticipated reduction of the estate and gift tax exclusions.
When the clock strikes midnight on December 31, 2012, the “Bush Tax Cuts” are set to expire. Among the many provisions of the Internal Revenue Code (the “Code”) that will be impacted are the estate, gift and generation skipping transfer (GST) taxes. Of most importance...