Showing posts with label NPEstatePlanning. Show all posts
Showing posts with label NPEstatePlanning. Show all posts
Friday, January 07, 2011
Heard on the Web: Planning For A Disappearing Estate Tax Break | Planned Giving Design Center
Heard on the Web: Planning For A Disappearing Estate Tax Break | Planned Giving Design Center: "Although a new $5 million estate tax break may be welcome news to many taxpayers, the provision is scheduled to expire at the end of 2012. Writing for Forbes, Deborah L. Jacobs discusses measures estate owners and their advisers are contemplating to plan for an uncertain future."
Thursday, January 06, 2011
The Nonprofit Quarterly | @npquarterly | New Estate Tax Law Could Hurt Charity
The Nonprofit Quarterly | @npquarterly | New Estate Tax Law Could Hurt Charity: "December 28, 2011; Source:Forbes | A tax lawyer writing for Forbes suggests that the new tax bill's reinstatement of the estate tax isn't going to be much of an incentive for lifetime charitable giving or charitable bequests. Had the Bush tax cuts expired, the estate tax would have been reinstated with an exemption of $1 million per person and a tax rate of 55 percent. The compromise tax bill set the exemption from the federal estate tax at $5 million per person and the estate tax rate at 35 percent."
Friday, August 20, 2010
Estate Planning: The Great GRAT Debate - Forbes.com
Estate Planning: The Great GRAT Debate - Forbes.com: "The prospect of a government attack on a popular estate-planning technique, referred to as a grantor retained annuity trust, or GRAT, has been a topic of much discussion among wealth advisors and tax professionals over the past several months. President Obama drew attention to the technique in his 2011 budget proposals, and provisions targeting 'short-term' and 'rolling GRAT' techniques have been included as revenue offsets in legislation passed by the House."
Friday, February 24, 2006
DesMoinesRegister.com-Bills allow anonymity for donors
DesMoinesRegister.com: "Bills allow anonymity for donors
JONATHAN ROOS
REGISTER STAFF WRITER
February 21, 2006
State university foundations would be authorized to keep secret the identities of donors requesting anonymity, as well as information about the donors' finances, under a proposed set of exceptions to the state's public records law.
Legislation in the House and Senate would bar public viewing of records that disclose information about a donor's personal, financial, estate planning or gift planning matters.
Portions of records that reveal the identities of donors or prospective donors who have requested anonymity would also be closed to public inspection."
JONATHAN ROOS
REGISTER STAFF WRITER
February 21, 2006
State university foundations would be authorized to keep secret the identities of donors requesting anonymity, as well as information about the donors' finances, under a proposed set of exceptions to the state's public records law.
Legislation in the House and Senate would bar public viewing of records that disclose information about a donor's personal, financial, estate planning or gift planning matters.
Portions of records that reveal the identities of donors or prospective donors who have requested anonymity would also be closed to public inspection."
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Tuesday, September 06, 2005
Tax-News.com Full Story Page
Tax-News.com Full Story Page: "Senator Gives Estate Tax Repeal Bill ‘Zero’ Chance Of Success, by Mike Godfrey, Tax-News.com, Washington 05 September 2005
Sen. Charles Grassley (R - Iowa), Chairman of the Senate Finance Committee, has stated that there is virtually no chance that the Senate will back a full repeal of the estate tax when the chamber reconvenes to address the issue once again after the summer recess.
Senate Majority Leader Bill Frist (R - Tenn.) is planning a vote on H.R.8, which would repeal the estate tax beginning this year, and it could be one of the first bills on the Senate's legislative agenda during the September session, despite the more pressing issue of dealing with the aftermath of Hurricane Katrina, which has devastated the city of New Orleans and much of the Gulf Coast area."
Sen. Charles Grassley (R - Iowa), Chairman of the Senate Finance Committee, has stated that there is virtually no chance that the Senate will back a full repeal of the estate tax when the chamber reconvenes to address the issue once again after the summer recess.
Senate Majority Leader Bill Frist (R - Tenn.) is planning a vote on H.R.8, which would repeal the estate tax beginning this year, and it could be one of the first bills on the Senate's legislative agenda during the September session, despite the more pressing issue of dealing with the aftermath of Hurricane Katrina, which has devastated the city of New Orleans and much of the Gulf Coast area."
Monday, August 01, 2005
OpinionJournal - Featured Article- Estates of Pain
OpinionJournal - Featured Article: "Estates of Pain
August 1, 2005
8:36am
Monday, August 1, 2005 12:01 a.m. EDT
Florida Governor Jeb Bush ought to send his counterpart in Connecticut, Republican Jodi Rell, a thank-you note with a box of chocolates and a ribbon tied around it. Last month Ms. Rell marked her first anniversary as Governor by signing into law a tax bill that might as well be called the 'Palm Beach Economic Development Act.'
The law requires that any resident of the Nutmeg State with an estate of more than $2 million pay a death tax of up to 16%--merely for the privilege of dying in Connecticut. The legislators in Hartford hope that the tax will raise $150 million in revenue each year--money that will come in only if the legislators in Hartford are also planning to build a Berlin Wall around the state."
August 1, 2005
8:36am
Monday, August 1, 2005 12:01 a.m. EDT
Florida Governor Jeb Bush ought to send his counterpart in Connecticut, Republican Jodi Rell, a thank-you note with a box of chocolates and a ribbon tied around it. Last month Ms. Rell marked her first anniversary as Governor by signing into law a tax bill that might as well be called the 'Palm Beach Economic Development Act.'
The law requires that any resident of the Nutmeg State with an estate of more than $2 million pay a death tax of up to 16%--merely for the privilege of dying in Connecticut. The legislators in Hartford hope that the tax will raise $150 million in revenue each year--money that will come in only if the legislators in Hartford are also planning to build a Berlin Wall around the state."
Tuesday, April 12, 2005
National Underwriter Hot News Everson eyes nonprofits
National Underwriter Hot News: "Everson Eyes Nonprofits
By Allison Bell / NU Online News Service, April 11, 2005, 6:10 p.m. EDT
The head of the Internal Revenue Service is complaining about what he says are abuses of charitable remainder trusts and other charitable-funding vehicles.
IRS Commissioner Mark Everson recently addressed his concerns about those issues at a U.S. Senate Finance Committee hearing on tax-exempt organizations.
Everson talked mostly about issues, such as tax breaks for used cars, which hold little interest for life insurance and estate planning specialists, but he did mention some topics that come up in estate planning discussions."
By Allison Bell / NU Online News Service, April 11, 2005, 6:10 p.m. EDT
The head of the Internal Revenue Service is complaining about what he says are abuses of charitable remainder trusts and other charitable-funding vehicles.
IRS Commissioner Mark Everson recently addressed his concerns about those issues at a U.S. Senate Finance Committee hearing on tax-exempt organizations.
Everson talked mostly about issues, such as tax breaks for used cars, which hold little interest for life insurance and estate planning specialists, but he did mention some topics that come up in estate planning discussions."
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