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Posts Tagged ‘tax’
Tax Law: Fiscal Cliff Notes and the Tax ramifications of the American Taxpayer Relief Act of 2012 and Sequester Cuts
The “sequester” recently gobbled up headlines across national media. It has developed so much hype that many may have forgotten they already watched this movie’s first installment earlier in the year called “The Fiscal Cliff.” The American Taxpayer Relief Act was the federal government’s initial solution to the fiscal cliff. It was described as a…
Read MoreTax Law: Marriage and Tax Equality, Separate but Equal?
The word “equality” has become a mainstay of media headlines over the past several weeks as the issue of same-sex marriage has reached the Supreme Court.
Read MoreO'Malley's Amazon Tax
Governor O’Malley’s 2013 budget bill includes an “Amazon tax” provision similar to ones that are being considered and have been adopted by other states. The proposed law applies to online retailers located outside the state with affiliates in Maryland who receive benefits for referring potential customers to the out-of-state seller. Under the proposed law, that…
Read MoreEstate Planning: Congress Increases Tax Exemptions and the Opportunity for People to Share Them
Last December Congress enacted estate tax legislation that substantially increases exemptions and the opportunity for married couples to share them. Unfortunately, the new law expires at the end of 2012, again creating uncertainty for estate tax planning beyond the near term. Under the new legislation, each individual estate is exempt from federal estate tax up…
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