The estate tax was repealed for 2010, raising issues for taxpayers. The gift tax rate was reduced to 35% for 2010 only, and the step-up in basis at death was limited. Congress may retroactively reinstate the estate tax for 2010 and return to pre-2001 tax rules in 2011. Taxpayers should consult estate planning professionals regarding the changing tax laws and any planning opportunities or concerns.
The document summarizes new job creation legislation passed by Congress that provides tax incentives for hiring unemployed workers through 2010. It includes exempting employers from payroll taxes on wages paid to qualified new hires and a new tax credit of up to $1,000 per qualified employee retained for over 52 weeks. The legislation also extends increased Section 179 expensing limits and delays worldwide interest allocation rules, paid for by new international tax reporting requirements.
Congress passed legislation to avoid the fiscal cliff by increasing taxes for some high-income individuals and preventing scheduled tax increases and spending cuts. The legislation permanently extends many individual and business tax provisions and temporarily extends others. It also increases estate, gift, and GST tax rates while keeping exemption amounts intact.
Congress passed a two-month extension of the payroll tax cut, reducing the portion of Social Security taxes employees pay from 6.2% to 4.2%. This will allow high-income earners to temporarily enjoy the full tax savings of up to $2,202. However, if a full-year extension is not passed, employees may have to pay back 2% of taxes on wages exceeding $18,350 for the first two months of 2012. The act also extended unemployment benefits, Medicare payment rates, and addressed other expiring provisions, but Congress still needs to address how to pay for a full-year extension of tax cuts and other breaks.
Implications of Tax Cuts on Commercial Real Estatekottmeier
The document discusses the implications of various tax cut scenarios on the commercial real estate industry. Extending current income tax cuts for two years is the most likely outcome and would cost between $200-500 billion. This could shift some commercial real estate transactions to 2010 due to potentially higher capital gains taxes in 2011. Limiting itemized deductions and changes to estate tax laws could also impact commercial real estate markets and property values. Both short-term and long-term tax cuts carry economic and public debt implications.
Life Insurance Planning in an Era of Estate Tax Uncertainty - 5 Things To KnowtheBurgessGroup
The document discusses uncertainty around potential federal estate tax repeal and provides recommendations for life insurance planning. It notes that while repeal seems imminent under the current administration, the estate tax has been repealed and reinstated before so future reinstatement is possible. It recommends that individuals incorporate flexibility into their life insurance plans through means like flexible irrevocable life insurance trusts in case the tax code changes. Permanent repeal may not occur and life insurance may still be needed to meet other wealth transfer goals even without the estate tax.
This document discusses potential changes to federal income tax rates and capital gains tax rates in 2011, as well as a strategy married couples can use to maximize their Social Security benefits.
Specifically, it notes that unless Congress acts, federal income tax brackets and capital gains tax rates will revert to 2001 levels in 2011. This means higher rates of 25%, 28%, 33%, 36%, and 39.6% and a long-term capital gains rate of 20% for many. It also describes a "file-and-suspend" Social Security strategy where one spouse files for benefits at full retirement age to allow the other to receive spousal benefits, while delaying their own filing to earn delayed retirement credits up to age 70.
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
The document discusses potential changes to federal income tax rates and capital gains tax rates in 2011 if current tax relief provisions expire at the end of 2010, outlines strategies married couples can use to maximize their Social Security retirement and survivor benefits through filing and suspending benefits, and provides an overview of common estate planning techniques business owners can use to transfer their family business to children to minimize taxes, such as gifting, using a buy-sell agreement, or establishing a grantor retained annuity trust.
The document summarizes new job creation legislation passed by Congress that provides tax incentives for hiring unemployed workers through 2010. It includes exempting employers from payroll taxes on wages paid to qualified new hires and a new tax credit of up to $1,000 per qualified employee retained for over 52 weeks. The legislation also extends increased Section 179 expensing limits and delays worldwide interest allocation rules, paid for by new international tax reporting requirements.
Congress passed legislation to avoid the fiscal cliff by increasing taxes for some high-income individuals and preventing scheduled tax increases and spending cuts. The legislation permanently extends many individual and business tax provisions and temporarily extends others. It also increases estate, gift, and GST tax rates while keeping exemption amounts intact.
Congress passed a two-month extension of the payroll tax cut, reducing the portion of Social Security taxes employees pay from 6.2% to 4.2%. This will allow high-income earners to temporarily enjoy the full tax savings of up to $2,202. However, if a full-year extension is not passed, employees may have to pay back 2% of taxes on wages exceeding $18,350 for the first two months of 2012. The act also extended unemployment benefits, Medicare payment rates, and addressed other expiring provisions, but Congress still needs to address how to pay for a full-year extension of tax cuts and other breaks.
Implications of Tax Cuts on Commercial Real Estatekottmeier
The document discusses the implications of various tax cut scenarios on the commercial real estate industry. Extending current income tax cuts for two years is the most likely outcome and would cost between $200-500 billion. This could shift some commercial real estate transactions to 2010 due to potentially higher capital gains taxes in 2011. Limiting itemized deductions and changes to estate tax laws could also impact commercial real estate markets and property values. Both short-term and long-term tax cuts carry economic and public debt implications.
Life Insurance Planning in an Era of Estate Tax Uncertainty - 5 Things To KnowtheBurgessGroup
The document discusses uncertainty around potential federal estate tax repeal and provides recommendations for life insurance planning. It notes that while repeal seems imminent under the current administration, the estate tax has been repealed and reinstated before so future reinstatement is possible. It recommends that individuals incorporate flexibility into their life insurance plans through means like flexible irrevocable life insurance trusts in case the tax code changes. Permanent repeal may not occur and life insurance may still be needed to meet other wealth transfer goals even without the estate tax.
This document discusses potential changes to federal income tax rates and capital gains tax rates in 2011, as well as a strategy married couples can use to maximize their Social Security benefits.
Specifically, it notes that unless Congress acts, federal income tax brackets and capital gains tax rates will revert to 2001 levels in 2011. This means higher rates of 25%, 28%, 33%, 36%, and 39.6% and a long-term capital gains rate of 20% for many. It also describes a "file-and-suspend" Social Security strategy where one spouse files for benefits at full retirement age to allow the other to receive spousal benefits, while delaying their own filing to earn delayed retirement credits up to age 70.
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
The document discusses potential changes to federal income tax rates and capital gains tax rates in 2011 if current tax relief provisions expire at the end of 2010, outlines strategies married couples can use to maximize their Social Security retirement and survivor benefits through filing and suspending benefits, and provides an overview of common estate planning techniques business owners can use to transfer their family business to children to minimize taxes, such as gifting, using a buy-sell agreement, or establishing a grantor retained annuity trust.
The American Taxpayer Relief Act of 2012:
1) Allowed Bush-era tax rates to expire for individuals earning over $400,000 and families over $450,000, raising their tax rate to 39.6%;
2) Permanently patched the AMT by increasing exemption amounts; and
3) Provided for a maximum 40% estate tax and $5 million exemption.
It effectively raised taxes for all by not extending a payroll tax cut and delayed mandatory spending cuts. Congress will revisit tax and spending policies when addressing the debt limit in February, with entitlement reforms and the "chained CPI" likely to be controversial topics.
Health Care Act Includes Variety of Tax Changes - Dec. 2011RobertWBaird
The document summarizes key tax provisions and changes contained in the Patient Protection and Affordable Care Act (ACA). It outlines new taxes such as a 3.8% tax on investment income exceeding $250,000 and an additional 0.9% Medicare tax on wages over $200,000/$250,000. It notes these will significantly increase marginal tax rates for many and could incentivize Roth conversions. The ACA also increases penalties for non-qualified withdrawals from HSAs and MSAs, limits health FSA contributions, and penalties those without minimum health insurance as of 2014.
The document summarizes several key provisions and tax law changes from the American Recovery and Reinvestment Act of 2009. It discusses increases to tax credits such as the earned income tax credit and additional child tax credit. It also covers education-related changes like expansions to the Hope and Lifetime Learning credits. New tax deductions and exclusions are introduced for unemployment benefits, state sales tax on vehicle purchases, and up to $8,000 for first-time homebuyers in 2009.
This document summarizes the major tax legislation passed in 2010 and how it affects individuals and businesses. Key points include:
- The Tax Relief Act of 2010 extended the Bush-era tax cuts through 2012, keeping income tax rates at 2010 levels.
- It maintained the 15% capital gains and dividend tax rates and increased estate tax exemptions to $5 million through 2012.
- Business provisions like bonus depreciation deductions and R&D tax credits were also extended through 2011.
- The Social Security payroll tax was reduced to 4.2% for employees for 2011 only. Medicare taxes increased for high-income individuals starting in 2013.
- Incentives like section 179 expensing were increased
Attached is an excellent, easy to read newsletter summarizing the important changes, legislative extensions, and issues relating to your individual tax return for 2009 and beyond. Please read it well before 12/31 as there are items that need to be considered or acted upon before the end of this year to take full advantage of the legislation. It’s the best one I’ve come across. Its current and includes some commentary, planning suggestions, and even some health care issues as they relate to your taxes.
I will later post a copy of year end letters for both businesses and individuals that my clients receive.
If you should have any questions at this time on any of these items, please contact me anytime.
Thanks
Wally Wleklinski
The IRS ruling provides clarity on tax treatment of same-sex marriages for federal purposes. Same-sex couples married as of December 31, 2013 must file federal taxes jointly or separately for 2013 onward. They may amend 2010-2012 returns to file jointly if beneficial. However, filing jointly may increase taxes due to differences in tax brackets and limitations for married couples. Additionally, state tax filing status varies depending on state marriage recognition laws. Planning is needed to navigate federal and state tax implications.
The American Taxpayer Relief Act of 2012Jeff Green
The new year began with some political drama, as last-minute negotiations attempted to avert sending the nation over the "fiscal cliff." Technically, we actually did go over the cliff, however briefly, as a host of tax provisions and automatic spending cuts took effect at the stroke of midnight on December 31, 2012.
Cbizmhm special report_fiscal-year-2016-budget-proposalsCBIZ, Inc.
President Obama released his $3.99 trillion FY 2016 budget proposal calling for tax increases on higher-income individuals and businesses, expanded tax credits for families and education, and making some business tax breaks like research credit permanent. The budget also proposed international tax reforms including a one-time 14% tax on foreign earnings and a 19% minimum tax on foreign profits. Congressional Republicans and Democrats have indicated willingness to discuss tax reform but differ on key issues like rates and which deductions to eliminate.
Senate Finance Committee Asks Members to Communicate Tax Reform PrioritiesPatton Boggs LLP
The Senate Finance Committee is asking Senators to submit proposals by July 26th detailing which tax expenditures should be maintained, repealed, or added as part of tax reform efforts. The Committee intends to take a "blank slate" approach and eliminate all special tax provisions unless there is clear evidence they help the economy, make the tax code fairer, or promote other policy objectives. Both the Senate Finance Committee and House Ways and Means Committee are committed to fundamental tax reform legislation within the next year before certain Chairmen leave their positions.
The House will meet on Monday and Tuesday to consider several pieces of legislation under suspension of the rules, with no votes expected. The Senate will resume consideration of the National Defense Authorization Act. The White House proposed a fiscal cliff deal including $1.6 trillion in tax increases and $600 billion in entitlement cuts, but Republicans rejected it as a non-starter due to high tax increases and insufficient entitlement reform details. Negotiations appear stalled as both sides hold firm in their positions on taxes and spending.
Estate Planning Under the 2010 Tax Relief ActLewis Rice
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Authorization & Job Creation Act of 2010 (the “2010 Tax Relief Act”) into law. The 2010 Tax Relief Act provides temporary estate and gift tax guidance for the next two years. It increases the estate, gift and generation-skipping tax exemption amounts to $5 million and reduces the estate tax rate to 35%.
The 2014 Essential Tax and Wealth Planning Guide discusses opportunities available through the final few months of 2013, and the planning environment beyond as policymakers continue a tax reform debate that could fundamentally change how individual taxpayers compute their taxes.
The tax-related decisions you make today, and at various points in your career, may have a marked effect on how you save for retirement and how much you will have down the road to support your goals. Many tax decisions you make about retirement are one-time choices that can be very costly to change, so it pays to plan.
For more information, visit http://www.deloitte.com/us/taxandwealthguide
- The 132nd Ohio General Assembly began on Tuesday with new and returning members taking their oaths of office. Two new members, Rep. Dave Greenspan and Rep. Scott Wiggam, have prior experience as county officials.
- Legislative leaders from both chambers emphasized the importance of bipartisan cooperation to address issues and move the state forward. Lawmakers will focus on the upcoming biennial budget in the coming months.
- Governor Kasich vetoed sales tax exemptions included in SB 235 for oil and gas companies and digital jukeboxes, which would have cost state and local governments over $264 million in revenue. This issue and disagreements over severance taxes will likely continue into budget discussions.
This chapter introduces federal taxation in the United States. It discusses the four major types of federal taxes: income taxes, employment taxes, estate and gift taxes, and excise and customs taxes. It also provides an overview of tax revenue statistics, the differences between tax avoidance and tax evasion, the history of the federal income tax, the tax legislative process, and the objectives of tax law.
AALU Washington Report: The Big Six’s “Unified” Tax Framework: Potential Impa...Fulcrum Partners LLC
MARKET TREND: Tax reform has moved to the front and center of the Congressional agenda.
SYNOPSIS: The so-called “Big Six’s” proposed tax reform framework calls for significant reductions in income and corporate tax rates and a repeal of the estate and generation skipping transfer (GST) tax (but is notably silent on the gift tax). The framework is merely an opening gambit as Congress begins serious deliberations on tax reform, and there will be a number of ups and downs as the details of tax reform are developed. Regardless of how the details shift as a final legislative package is crafted, life insurance remains an essential component of a comprehensive and well-balanced financial plan.
The House Republican fiscal 2013 federal budget blueprint proposes significant cuts in government spending and includes reforms to the tax code. It recommends consolidating the current six individual tax brackets into two brackets of 10 and 25 percent, lowering the corporate tax rate to 25 percent, and shifting the U.S. to a territorial tax system. The blueprint also proposes expanding the tax base by enacting unspecified base broadening measures for both individual and corporate taxpayers.
The MTC’s Restatement on PL 86-272 Expands State’s Ability to Impose Income T...Withum
P.L. 86-272 says that a state cannot impose an income tax if a company's only connection to that state is soliciting sales of tangible personal property. Historically, certain activities have been protected under P.L. 86-272, such as soliciting orders, providing samples, and maintaining property for salespeople. However, other activities can cause a company to lose P.L. 86-272 protection, like fulfilling orders, performing repairs, owning inventory in the state, or having employees perform non-sales activities. As the economy has evolved, it has become more difficult for companies to limit their activities to just solicitation and remain under P.L. 86-272's protections.
A host of tax provisions enacted in 2001 and 2003--commonly referred to collectively as the "Bush tax cuts"--expire at the end of the year. While it's possible that new legislation could extend some or all of these expiring tax provisions, election-year politics make it difficult to predict what action, if any, Congress will take. With that in mind, here's what you need to know about the major changes that are scheduled for 2011.
This document provides exhibits summarizing actions taken by the North Carolina legislature on recommendations from an Economic Development Advisory Group. It discusses regulatory reforms, tax changes including the elimination of certain taxes projected to create jobs, unemployment insurance reform, tort reform, and funding for transportation infrastructure. The exhibits cover actions in environmental regulation, taxes, insurance costs, and education.
The document summarizes year-end tax planning strategies for individuals and business owners in 2010. It discusses Congress agreeing to extend many Bush-era tax cuts for two years. For individuals, it recommends increasing Flexible Spending Account contributions, realizing losses on stock, and making gifts to take advantage of annual gift tax exclusions. For business owners, it suggests hiring unemployed workers, putting equipment in service to qualify for bonus depreciation, and making expenses eligible for business property expensing.
This document discusses Alternate Reality Games (ARGs) and their relationship to virtual worlds. It contains perspectives from five experts in the field. [1] ARGs tell immersive narratives across multiple online and real-world platforms. [2] They engage users through challenges and unexpected experiences. [3] While still emerging, ARGs provide new ways to interact narratively and socially through technology.
The federal government is the largest consumer of electricity in the US, purchasing over 57 million megawatt hours annually. The Department of Defense alone consumes over 29 million megawatt hours. Various statutes authorize federal agencies like the General Services Administration and Department of Defense to enter into multi-year contracts with electric utilities and renewable energy generators to meet their energy needs. These contracts can last up to 30 years and allow agencies to take advantage of incentive programs to reduce energy demand and install efficiency improvements with no upfront capital costs.
The American Taxpayer Relief Act of 2012:
1) Allowed Bush-era tax rates to expire for individuals earning over $400,000 and families over $450,000, raising their tax rate to 39.6%;
2) Permanently patched the AMT by increasing exemption amounts; and
3) Provided for a maximum 40% estate tax and $5 million exemption.
It effectively raised taxes for all by not extending a payroll tax cut and delayed mandatory spending cuts. Congress will revisit tax and spending policies when addressing the debt limit in February, with entitlement reforms and the "chained CPI" likely to be controversial topics.
Health Care Act Includes Variety of Tax Changes - Dec. 2011RobertWBaird
The document summarizes key tax provisions and changes contained in the Patient Protection and Affordable Care Act (ACA). It outlines new taxes such as a 3.8% tax on investment income exceeding $250,000 and an additional 0.9% Medicare tax on wages over $200,000/$250,000. It notes these will significantly increase marginal tax rates for many and could incentivize Roth conversions. The ACA also increases penalties for non-qualified withdrawals from HSAs and MSAs, limits health FSA contributions, and penalties those without minimum health insurance as of 2014.
The document summarizes several key provisions and tax law changes from the American Recovery and Reinvestment Act of 2009. It discusses increases to tax credits such as the earned income tax credit and additional child tax credit. It also covers education-related changes like expansions to the Hope and Lifetime Learning credits. New tax deductions and exclusions are introduced for unemployment benefits, state sales tax on vehicle purchases, and up to $8,000 for first-time homebuyers in 2009.
This document summarizes the major tax legislation passed in 2010 and how it affects individuals and businesses. Key points include:
- The Tax Relief Act of 2010 extended the Bush-era tax cuts through 2012, keeping income tax rates at 2010 levels.
- It maintained the 15% capital gains and dividend tax rates and increased estate tax exemptions to $5 million through 2012.
- Business provisions like bonus depreciation deductions and R&D tax credits were also extended through 2011.
- The Social Security payroll tax was reduced to 4.2% for employees for 2011 only. Medicare taxes increased for high-income individuals starting in 2013.
- Incentives like section 179 expensing were increased
Attached is an excellent, easy to read newsletter summarizing the important changes, legislative extensions, and issues relating to your individual tax return for 2009 and beyond. Please read it well before 12/31 as there are items that need to be considered or acted upon before the end of this year to take full advantage of the legislation. It’s the best one I’ve come across. Its current and includes some commentary, planning suggestions, and even some health care issues as they relate to your taxes.
I will later post a copy of year end letters for both businesses and individuals that my clients receive.
If you should have any questions at this time on any of these items, please contact me anytime.
Thanks
Wally Wleklinski
The IRS ruling provides clarity on tax treatment of same-sex marriages for federal purposes. Same-sex couples married as of December 31, 2013 must file federal taxes jointly or separately for 2013 onward. They may amend 2010-2012 returns to file jointly if beneficial. However, filing jointly may increase taxes due to differences in tax brackets and limitations for married couples. Additionally, state tax filing status varies depending on state marriage recognition laws. Planning is needed to navigate federal and state tax implications.
The American Taxpayer Relief Act of 2012Jeff Green
The new year began with some political drama, as last-minute negotiations attempted to avert sending the nation over the "fiscal cliff." Technically, we actually did go over the cliff, however briefly, as a host of tax provisions and automatic spending cuts took effect at the stroke of midnight on December 31, 2012.
Cbizmhm special report_fiscal-year-2016-budget-proposalsCBIZ, Inc.
President Obama released his $3.99 trillion FY 2016 budget proposal calling for tax increases on higher-income individuals and businesses, expanded tax credits for families and education, and making some business tax breaks like research credit permanent. The budget also proposed international tax reforms including a one-time 14% tax on foreign earnings and a 19% minimum tax on foreign profits. Congressional Republicans and Democrats have indicated willingness to discuss tax reform but differ on key issues like rates and which deductions to eliminate.
Senate Finance Committee Asks Members to Communicate Tax Reform PrioritiesPatton Boggs LLP
The Senate Finance Committee is asking Senators to submit proposals by July 26th detailing which tax expenditures should be maintained, repealed, or added as part of tax reform efforts. The Committee intends to take a "blank slate" approach and eliminate all special tax provisions unless there is clear evidence they help the economy, make the tax code fairer, or promote other policy objectives. Both the Senate Finance Committee and House Ways and Means Committee are committed to fundamental tax reform legislation within the next year before certain Chairmen leave their positions.
The House will meet on Monday and Tuesday to consider several pieces of legislation under suspension of the rules, with no votes expected. The Senate will resume consideration of the National Defense Authorization Act. The White House proposed a fiscal cliff deal including $1.6 trillion in tax increases and $600 billion in entitlement cuts, but Republicans rejected it as a non-starter due to high tax increases and insufficient entitlement reform details. Negotiations appear stalled as both sides hold firm in their positions on taxes and spending.
Estate Planning Under the 2010 Tax Relief ActLewis Rice
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Authorization & Job Creation Act of 2010 (the “2010 Tax Relief Act”) into law. The 2010 Tax Relief Act provides temporary estate and gift tax guidance for the next two years. It increases the estate, gift and generation-skipping tax exemption amounts to $5 million and reduces the estate tax rate to 35%.
The 2014 Essential Tax and Wealth Planning Guide discusses opportunities available through the final few months of 2013, and the planning environment beyond as policymakers continue a tax reform debate that could fundamentally change how individual taxpayers compute their taxes.
The tax-related decisions you make today, and at various points in your career, may have a marked effect on how you save for retirement and how much you will have down the road to support your goals. Many tax decisions you make about retirement are one-time choices that can be very costly to change, so it pays to plan.
For more information, visit http://www.deloitte.com/us/taxandwealthguide
- The 132nd Ohio General Assembly began on Tuesday with new and returning members taking their oaths of office. Two new members, Rep. Dave Greenspan and Rep. Scott Wiggam, have prior experience as county officials.
- Legislative leaders from both chambers emphasized the importance of bipartisan cooperation to address issues and move the state forward. Lawmakers will focus on the upcoming biennial budget in the coming months.
- Governor Kasich vetoed sales tax exemptions included in SB 235 for oil and gas companies and digital jukeboxes, which would have cost state and local governments over $264 million in revenue. This issue and disagreements over severance taxes will likely continue into budget discussions.
This chapter introduces federal taxation in the United States. It discusses the four major types of federal taxes: income taxes, employment taxes, estate and gift taxes, and excise and customs taxes. It also provides an overview of tax revenue statistics, the differences between tax avoidance and tax evasion, the history of the federal income tax, the tax legislative process, and the objectives of tax law.
AALU Washington Report: The Big Six’s “Unified” Tax Framework: Potential Impa...Fulcrum Partners LLC
MARKET TREND: Tax reform has moved to the front and center of the Congressional agenda.
SYNOPSIS: The so-called “Big Six’s” proposed tax reform framework calls for significant reductions in income and corporate tax rates and a repeal of the estate and generation skipping transfer (GST) tax (but is notably silent on the gift tax). The framework is merely an opening gambit as Congress begins serious deliberations on tax reform, and there will be a number of ups and downs as the details of tax reform are developed. Regardless of how the details shift as a final legislative package is crafted, life insurance remains an essential component of a comprehensive and well-balanced financial plan.
The House Republican fiscal 2013 federal budget blueprint proposes significant cuts in government spending and includes reforms to the tax code. It recommends consolidating the current six individual tax brackets into two brackets of 10 and 25 percent, lowering the corporate tax rate to 25 percent, and shifting the U.S. to a territorial tax system. The blueprint also proposes expanding the tax base by enacting unspecified base broadening measures for both individual and corporate taxpayers.
The MTC’s Restatement on PL 86-272 Expands State’s Ability to Impose Income T...Withum
P.L. 86-272 says that a state cannot impose an income tax if a company's only connection to that state is soliciting sales of tangible personal property. Historically, certain activities have been protected under P.L. 86-272, such as soliciting orders, providing samples, and maintaining property for salespeople. However, other activities can cause a company to lose P.L. 86-272 protection, like fulfilling orders, performing repairs, owning inventory in the state, or having employees perform non-sales activities. As the economy has evolved, it has become more difficult for companies to limit their activities to just solicitation and remain under P.L. 86-272's protections.
A host of tax provisions enacted in 2001 and 2003--commonly referred to collectively as the "Bush tax cuts"--expire at the end of the year. While it's possible that new legislation could extend some or all of these expiring tax provisions, election-year politics make it difficult to predict what action, if any, Congress will take. With that in mind, here's what you need to know about the major changes that are scheduled for 2011.
This document provides exhibits summarizing actions taken by the North Carolina legislature on recommendations from an Economic Development Advisory Group. It discusses regulatory reforms, tax changes including the elimination of certain taxes projected to create jobs, unemployment insurance reform, tort reform, and funding for transportation infrastructure. The exhibits cover actions in environmental regulation, taxes, insurance costs, and education.
The document summarizes year-end tax planning strategies for individuals and business owners in 2010. It discusses Congress agreeing to extend many Bush-era tax cuts for two years. For individuals, it recommends increasing Flexible Spending Account contributions, realizing losses on stock, and making gifts to take advantage of annual gift tax exclusions. For business owners, it suggests hiring unemployed workers, putting equipment in service to qualify for bonus depreciation, and making expenses eligible for business property expensing.
This document discusses Alternate Reality Games (ARGs) and their relationship to virtual worlds. It contains perspectives from five experts in the field. [1] ARGs tell immersive narratives across multiple online and real-world platforms. [2] They engage users through challenges and unexpected experiences. [3] While still emerging, ARGs provide new ways to interact narratively and socially through technology.
The federal government is the largest consumer of electricity in the US, purchasing over 57 million megawatt hours annually. The Department of Defense alone consumes over 29 million megawatt hours. Various statutes authorize federal agencies like the General Services Administration and Department of Defense to enter into multi-year contracts with electric utilities and renewable energy generators to meet their energy needs. These contracts can last up to 30 years and allow agencies to take advantage of incentive programs to reduce energy demand and install efficiency improvements with no upfront capital costs.
The Forrester Wave™: Enterprise Mobile Management, 3° trimestre 2014Symantec
Siamo lieti di annunciare che Symantec è stata nominata Leader nel report Forrester Wave™: Enterprise Mobile Management, per il terzo trimestre del 2014! La ricerca di Forrester Research, Inc. ha esaminato la posizione di Symantec e di altri 14 vendor sulla base di 27 criteri riferiti a offerta attuale, strategia e presenza sul mercato.
Symantec è classificata fra i primi dieci vendor “leader di settore.” Le aziende leader di questo report si sono distinte dagli altri vendor per un solido portfolio di soluzioni di sicurezza che non causano interruzioni operative ai dipendenti. Per Forrester le aziende Leader hanno un bilanciamento ideale fra sistema operativo, applicazioni e funzionalità di gestione dati, offrono container option e applicazioni flessibili, e hanno dimostrato di possedere una visione chiara e una roadmap definita per aiutare i clienti a unificare le strategie di gestione dei loro PC e dispositivi mobili.
Named Entity Recognition for Twitter Microposts (only) using Distributed Word...fgodin
As part of the Named Entity Recognition for Twitter microposts shared task at ACL2015, we propose a solution which only uses word embeddings. The word embeddings model is trained on 400 million tweets and is available at http://www.fredericgodin.com/software/.
Nz the role of communication in the learning processNanang Zubaidi
This document discusses effective communication and collaboration in bridging program (BP) learning. It addresses various topics such as lecturer-student communication, the use of media in teaching, and collaborative learning. The document emphasizes the importance of effective communication for good teaching and provides tips for lecturers to improve communication with students, including listening more, establishing positive relationships, using technology appropriately, and dealing with group conflicts constructively.
Muscle ativaction during four pilates core stability exercises in quadrupede ...Dra. Welker Fisioterapeuta
This document summarizes the results of a study that evaluated muscle activation patterns during four variations of Pilates core stability exercises performed in a quadruped position. The four exercises differed in pelvic and trunk positioning: 1) retroverted pelvis with flexed trunk, 2) anteverted pelvis with extended trunk, 3) neutral pelvis with inclined trunk, and 4) neutral pelvis with parallel trunk. Surface electromyography was used to measure activation of six core muscles during each exercise. The results showed that different pelvic and trunk positions produced varying activation patterns in the multifidus, gluteus maximus, and oblique muscles, but similar rectus abdominis activation.
This document discusses meditation and chakras from the perspective of Sandeep Khanal. It uses the metaphor of a tree and a flowing creek to explain the relationship between the body, spirit, and chakras. There are seven chakras that act as pools of spiraling energy in the body. Each chakra is associated with a specific emotion that can block its flow. Meditation aims to unblock the chakras by releasing the associated emotions, allowing energy to flow freely through the body.
A Vision for Indigenous Evaluation | Nan Wehipeihana Keynote presentation at ...Nan Wehipeihana
Nan Wehipeihana presents a vision for Indigenous evaluation that is conducted by, for, with, and as Indigenous peoples. She argues that Indigenous evaluation requires self-determination and control by Indigenous communities rather than being imposed by outside evaluators. Wehipeihana believes this approach will lead to better outcomes by respecting Indigenous values and perspectives. She acknowledges the need for non-Indigenous evaluators to shift paradigms and work within an invitational space defined by Indigenous communities. This vision of Indigenous evaluation conducted with self-determination could help create a more just and equitable society.
How we use tools to help our startup clientsAntti Salonen
The document discusses 8 tools that a startup consulting company uses to help their clients, including GitHub for code collaboration, Heroku for app hosting, Travis CI for automated testing, Trello for project management, Webtranslate.it for translation, Flowdock for team chat, Weekdone for weekly recaps, and Intercom for customer communication. It concludes by inviting readers with tool ideas to contact the company.
Roo Reynolds shares links to collections on Flickr and other sites, including photos of LEGO vignettes, things found in fridges, and examples of the phrase "X is the new Y". The document also provides links to Reynolds' blog posts on meetimer hacking, a website on female independence, and humor blogs about Muammar Gaddafi and things found in fridges. Reynolds thanks those who contribute to Flickr groups on LEGO and fridge items.
Este documento ofrece un ejercicio para mejorar la flexibilidad, coordinación y firmeza de la mano izquierda en la guitarra. Explica que el ejercicio se demuestra en la primera cuerda pero puede repetirse en todas las cuerdas, y que los números sobre las cuerdas en la tablatura indican los trastes a presionar. Recomienda comenzar lento y aumentar la velocidad gradualmente, enfocándose en tocar claramente en lugar de rápido.
The document discusses the 2010 Tax Relief Act and its implications for estate planning. It provides a brief history of estate tax laws and exemptions. Under the 2010 Act, the estate tax rate is 35% and the exemption is $5 million for 2010-2012. For those who died in 2010, their estate can elect to avoid estate tax and use carryover basis instead. The Act also introduces portability of the estate tax exemption between spouses for 2011-2012. Given the uncertainty beyond 2012, estate plans may need revising to address changing tax laws.
The document summarizes the key estate planning impacts of the 2010 Tax Relief Act. It discusses the $5 million estate tax exemption for 2010 deaths, the ability to elect no estate tax for 2010, and implications of carrying over the decedent's basis instead of a step up. It also outlines gift and GST tax changes, the reunified $5 million exemption starting in 2011, and planning strategies in light of the new laws.
Estate and Gift Tax Laws: New Rules - Dec. 2011RobertWBaird
The document summarizes new rules for estate and gift taxes under legislation passed in December 2010. It outlines increases to the estate and gift tax exemption amounts to $5 million per person and $10 million per married couple. The top tax rate was lowered to 35%. Executors can elect to apply the new rules retroactively for those who died in 2010. Other changes include reunifying the estate and gift tax systems, and allowing portability of unused exemptions between spouses. However, the changes only apply through 2012 unless extended by Congress.
Status of Estate and Gift Tax Law as of Jan 2010; planning opportunities in 2010; cautions and traps if retroactive estate tax passed in 2010; planning for 2011.
Extension of Tax Cuts, Estate Changes Highlight Final Bill of 2010RobertWBaird
The Tax Relief, Unemployment Insurance Reauthorization and Jobs Creation Act of 2010 extended several expiring tax provisions, including extending the 2001 and 2003 tax cuts through 2012. It also increased the estate tax exemption to $5 million per individual for 2011-2012, reduced the top estate tax rate to 35%, and made the exemption portable between spouses. Additionally, it reduced the employee portion of the payroll tax from 6.2% to 4.2% for 2011 and extended Alternative Minimum Tax relief for 2010-2011.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act ...henryliao83
This document summarizes key provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. It discusses how the Act extends existing federal income tax rates, capital gains rates, and the AMT exemption through 2012. It also increases the estate tax exemption to $5 million per person and lowers the top estate tax rate to 35% for 2011-2012. Additionally, it provides a one-year 2% reduction to the Social Security payroll tax for 2011.
The document discusses year-end 2010 tax issues and considerations for 2011. It notes that the Bush-era tax cuts were extended and new legislation was passed. Key points include: required minimum distributions from IRAs must be taken in 2010; charitable donations from IRAs can be made until January 2011 and count for 2010; Roth IRA conversions made in 2010 can have taxes paid over 2 years; and estate tax exemption was $5 million in 2010.
The document discusses five hot topics for 2011, including reforms to strengthen the Social Security system, changes to the federal estate tax, new adoption tax credits and reimbursement amounts, buying a condo for a college student, and microlending. It provides background on each topic, noting that Social Security reform and the estate tax will be debated as the funding shortfalls approach. Advice from Bennett Gordon is also offered on whether buying a condo for a college student makes financial sense.
The Estate Tax in 2010: The Year of Uncertainty in Death and TaxesDorothyKorszen
There is currently no federal estate tax for calendar year 2010 due to prior legislation that was set to sunset at the end of 2009 and 2010. This has led to uncertainty for estate planning. Unless Congress passes new legislation, the estate tax rules that were in place in 2001 will return in 2011 with a $1 million exemption and 55% maximum tax rate. For those who pass away in 2010, heirs will receive a "modified carryover basis" for inherited property rather than the usual stepped-up basis, which could result in capital gains taxes upon sale. The gift tax remains in effect for 2010 with a $1 million exemption. Estate planners recommend keeping aware of any new legislation given the current uncertainty.
Join Mike Moloney of Sebaly Shillito + Dyer and Jeanie Hargrove, CPA, of Brady Ware, as they review the state of the federal estate tax law in 2010, and common problems and solutions as a result of the current law.
The document discusses the uncertainty around estate tax rules in 2010 created by expiring legislation. It summarizes that there will be no estate tax in 2010 but a return to a $1 million exemption in 2011, and carryover basis rules will apply to inherited assets in 2010 instead of step-up in basis. It advises estate planning clients to update plans and documents to address the uncertainty until Congress passes new legislation.
The document summarizes changes to the estate, gift, and generation-skipping transfer (GST) taxes under the 2010 Tax Relief Act. It notes that the estate tax exemption will increase to $5 million per person for 2011-2012 and the top tax rate will be reduced to 35%. It also discusses the new portability provision that allows the unused exemption of a deceased spouse to be transferred to the surviving spouse. The document recommends taking advantage of the increased gift and estate tax exemptions over the next two years through gifting and outlines options for estate planning structures.
(1) The document summarizes key provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (TRA 2010) signed into law on December 17, 2010.
(2) TRA 2010 extends the Bush-era tax cuts and estates tax provisions for two years. It sets the estate, gift, and GST tax exemption at $5 million indexed for inflation starting in 2012, and the top tax rate at 35%.
(3) For estates of those who died in 2010, executors can elect either to pay estate tax under the new $5 million exemption and 35% rate, or opt for modified carryover basis treatment instead of estate tax.
This document summarizes Rhode Island's budget presentation from December 2010. It provides information on revenues, expenditures, major budget drivers from 1995 to 2012 such as increases in human services and education costs. It also discusses revenues sources like personal income tax, sales tax, and lottery transfers. Expenditures by department and fiscal year are shown. Information on state employee compensation and full time employees is also included.
Tax Planning To Prepare For Today and TomorrowPlante & Moran
The document summarizes a presentation by Plante & Moran's Tax Team on tax planning to prepare for today and tomorrow. It discusses the current tax environment, pending tax legislation, year-end tax planning strategies, tax laws enacted in 2010, and other current tax developments. The agenda covers maximizing future tax rates, considerations for tax planning in an uncertain environment, and the potential returns from accelerating ordinary income and capital gains into 2010 to avoid higher 2011 tax rates.
This newsletter from Cedar Point Financial Services provides information on upcoming interest rate hikes and how they could impact various financial products. It discusses how adjustable rate mortgages, credit cards, and variable rate student loans may be affected if interest rates rise. The newsletter recommends ways for readers to protect themselves, such as refinancing a mortgage, paying down credit card debt, and reviewing student loan terms. It also provides two articles on estate tax reform possibilities and the connection between health and personal finances.
The American Taxpayer Relief Act of 2012 made several changes to estate, gift, and generation-skipping transfer tax laws. It made the $5,250,000 estate and gift tax exemption permanent and increased the tax rate for transfers over the exemption amount from 35% to 40%. It also extended provisions like portability of exemption amounts between spouses and the deduction for state death taxes. The Act increased some annual gift and retirement account transfer limits and extended education savings incentives.
Major income and estate tax increases are scheduled to take effect on January 1, 2013 unless Congress acts to change or delay them. The political climate does not seem ripe for cooperation to address the tax increases. Most expect Congress will not take action until after the election or in 2013. Even then, changes benefiting high-income individuals appear unlikely. The increases would raise income, capital gains, dividend, and estate tax rates significantly.
Current Tax Legislation And Estate Planning Practicesdkprintz
The document summarizes current estate tax legislation and planning practices. It discusses the gift tax, estate tax, and generation-skipping transfer tax. It then provides details on current tax exemption amounts and rates, pending legislation that could decrease estate tax rates and increase exemptions, and recommended estate planning techniques like gifting, grantor retained annuity trusts (GRATs), and discounts for minority interests.