Should I take Advantage of the 2012 Gift Tax Rules?

Posted on August 29, 2012 by Leasa Magnuson in Individual Tax

A couple of you have asked this question recently so I thought I might as well blog on it. One of the provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 increased the federal gift and estate tax exemption to 5 million for 2011 and 2012. Unless Congress acts, this […]

No Estate Tax in 2010

Posted on March 24, 2010 by Leasa Magnuson in Individual Tax

In 2001 when Congress adopted the legislation to allow zero estate tax in 2010, the joke was to hope your loved one passed away in 2010. Well 2010 is here and while it sounds like a good thing to have zero estate tax it can cause complications. When the first spouse passes away most of […]

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