“On December 17, 2010, President Obama signed into law, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Tax Relief Act”), settling some major questions about the federal estate, gift, and generation-skipping transfer tax law until December 31, 2012. The Tax Relief Act makes the following changes to the federal estate and gift tax system: – Estate Tax. The estate tax has returned with a larger exemption of million and a lower tax rate of 35%. – Gift Tax. The estate and gift tax exemption now are reunified, so that everyone now has a lifetime gift exclusion amount of million per person and a 35% gift tax rate for gifts over million.
“On December 17, 2010, President Obama signed into law, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Tax Relief Act”), settling some major questions about the federal estate, gift, and generation-skipping transfer tax law until December 31, 2012. The Tax Relief Act makes the following changes to the federal estate and gift tax system: – Estate Tax. The estate tax has returned with a larger exemption of million and a lower tax rate of 35%. – Gift Tax. The estate and gift tax exemption now are reunified, so that everyone now has a lifetime gift exclusion amount of million per person and a 35% gift tax rate for gifts over million.
Joe Arsenault, Shurwest Financial Group CPA discusses annuitization strategies to handle your pension plan. Many employees don’t understand their plans and need to make some choices when leaving a company. www.Shurwest.com http
When planning a funeral, www.funeralresources.com says that more than 75% of families need help with funeral estate planning, financial planning, and tax planning, Three of the biggest reasons most families need professional help are: 1. The lack of a proper Estate Plan. Sadly, greater than 70% of all people who die have never even created a Will, also known as a Last Will and Testament.. 2. These matters are often extremely difficult to work through shortly after suffering from such an emotional loss. 3. Lack of a funeral preplan, end-of-life plan, Family Record Guide, and/or funeral insurance By far, the most common questions, concerns and challenges are related to Funeral Estate Planning matters. Some of the Funeral Estate Planning challenges include the lack of a Will or Living Trust, difficulty locating a copy of the original Will or Trust, calculating and properly filing income tax and estate taxes, dealing with probate, difficulty located many important financial documents, collecting life insurance proceeds, family disagreements, and much more. At www.funeralresources.com, you can find a National Directory of Pre-Screened Funeral AND Financial Professionals. There are five fifferent types of Financial Professionals, including Retirement and Financial Advisors, Estate Attorneys, CPAs, Insurance Specialists, and Health Insurance Agents. By having these professionals in the same National Directory, this serves as a major benefit to many families because these Funeral …
Roger Philipp, CPA describes Financial Statement Audits. This clip is a sample of the CPA Exam review lecture from the Roger CPA Review AUDIT course. Roger discusses concepts such as professional skepticism, reasonable assurance, materiality, and how to determine the scope of a financial audit. Topics such as these are heavily tested on the CPA Exam. Make sure you’re fully prepared to sit for and pass the CPA Exam. Enroll in a Roger CPA Review course today! www.rogercpareview.com…
