Lifetime Exclusion From Gift Or Estate Taxes
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When you die, your assets and belongings–called your “estate”–are subject to taxation, but the there is an amount under which the executor of your estate will not have to pay taxes.

Annual Exclusion From Gift Taxes
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There is a limit, or exclusion–an amount that the government will allow you to gift to a person per year, without incurring tax consequences.

The Ruse Of Healthcare To Justify Massively Higher Taxes
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At least there will be less rich people to hate.

How to Calculate An Advisor’s Value: Tax Efficiency
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A dollar saved on your taxes is better than a dollar earned which causes you to pay more tax.

Rules For Selling Highly Appreciated Stock
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Now that the Bush tax cuts have expired and Obamacare will add additional tax burdens, many people need to think twice before realizing a large gain on their investments.

Amazon Sales Tax Collection: Coming To Your State Soon!
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Amazon is currently collecting sales tax for purchases shipped to nine states. It will begin collecting sales tax on purchases for Virginia in September 2013.

Roth’s Less-Known Strengths
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Mr. Roth can also help with transferring gifts to your heirs, setting up your first emergency reserve account, and paying for a new house or college expenses. But don’t ask him to iron your clothes. That’s where he draws a line.

Marketplace Fairness Act Adds Automation to Tax Confusion
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It is not a new tax. It is simply a tax that nearly everyone currently reading this column is successfully evading without prosecution.

IRA Cap Gives Rise to New Funding Strategies
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President’s proposal comes with silver linings for shrewd advisors

Tax Planning
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A dollar saved on taxes is worth more than a dollar earned. If you earn another dollar, they will just tax you again.

Tax Season – Wealth Management Carnival #11
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With the federal tax filing deadline upon us, here are some articles on little-known tax tips, interesting facts, good advice, and general information about taxes. Some of these are applicable now, and some you might want to store away for next year.

Keep Working and Hire Financial Professionals
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For families with complexity to their finances, hiring a tax professional actually saves them money. Wealth managers bring benefit to such families in the same way.

Video: Even the Beatles were against highly progressive taxes!
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Let me tell you how it will be: There’s one for you, nineteen for me. Should five per cent appear too small, Be thankful I don’t take it all.

Is 95% of the Trade Imbalance Legal Tax Evasion?
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As one of Forbes’s 25 largest fictional companies, Stark International could avoid $4 billion in U.S. corporate taxes with this one simple technique.

Do Tax Cuts Actually “Starve the Beast”?
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Daniel J. Mitchell of the CATO Institute wrestles with the lack of no historical data to support the Starve the Beast model, only to find out that it’s because politicians have never really given it a shot.

Should We Raise Taxes to Balance the Budget?
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The only two ways to balance the federal budget are to spend less or to collect more. Spending less is the preferred method, but that is just not happening. As a result, politics is pushing many in Congress to try to balance the budget by raising taxes.

Video: How to Check Up On Your Charity
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Maybe it is time you checked up on your favorite charities before making your next gift.

15 Tax Moves For Right Now. Really?
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Do any of these ideas suggest any incentive for the highly productive to continue producing?

Dwight D. Eisenhower on tax cuts and a balanced budget
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“Until the deficit is eliminated from our budget, … there is no end to inflation; there is finally no end to taxation; and the eventual result would, of course, be catastrophe.”

Is a National Sales Tax Really Fair?
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Claims of “fair” or even “regressive” or “progressive” depend very much on what is used as the denominator.

Earned Income Tax Credit (EITC) Punishes Marriage
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The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.

Earned Income Tax Credit (EITC) Marriage Penalty of $3,603
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The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.

Earned Income Tax Credit (EITC) Marriage Penalty of $8,400
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The worst marriage penalty is for couples earning between $26,000 and $60,000 who have three or more children.

Government taxes $33,356 just because couple decides to get married
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You cannot argue this increased tax is their “fair share” simply because they are married.

New Year’s Resolutions for the Country
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To fulfill the financial resolutions of spending less, living within our means, and paying off our debt, the country first needs to encourage production rather than discourage it.

The Fiscal Cliff Is Almost Everything the Democrats Want
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It is a crisis fabricated 100% by politicians. And avoiding the fiscal cliff is being used hypocritically for additional political gain.

Tax on Dividend-Paying Stocks Rising to 74%
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With the enormous increase in the taxation of dividends, high net worth investors may be tempted to abandon dividend-paying stocks entirely. This is not necessary.

Capital Gains Tax is an Economic Monkey Wrench (2012)
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Tax on capital gains is scheduled to rise and become much more complex at the end of this year. Keeping your head in the midst of these changes can help your bottom line. Government should tax either the value of an asset or its yield but not both.

Seven Tax-Planning Strategies to Dodge the Tax Bullet
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The victors in the recent election have declared it open hunting season on the rich, which they evidently believe will solve our spending problems. Tax hikes everywhere are aimed at the most productive members of society.

Giving Gifts to the Wrong Beneficiaries–Mistake #5
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Knowing which assets to give away to your beneficiaries can save your estate and your beneficiaries big tax bills, even if you have a small net worth. If you plan on making a gift to charity from your estate, you can be even more tax savvy with your giving.

Failing to Implement the Estate Plan–Mistake #6
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One of the most common estate planning mistakes is a plan that is implemented incorrectly. Your estate plan is only worth the paper it is printed on unless you follow through on titling your assets correctly and updating your beneficiary designations.

Creating Multiple Probate Estates–Mistake #4
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If you own real estate in different states, you may be leaving a mess of nightmarish proportions for your executor (the person who oversees and distributes your assets when you die). Here’s how to reduce the headache.

Failing to Name Beneficiaries on Retirement Accounts and Insurance Policies–Mistake #3
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It may surprise you that proceeds from retirement accounts and insurance policies are not divided according to the terms in your will. Instead, these assets pass directly to the beneficiaries you named on the account.

Small business taxes analysis requires marginal not effective rate
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Just over 12% of small business tax returns had gross receipts over $250,000. Their marginal tax return is the highest and tax changes to this group is what has the greatest effect on employment.

Mailbox: Disturbed by Romney’s tax computation in California
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Personally I think it is a mistake to value supporting the government (taxes) higher than supporting society (charitable giving).

Tax Free $$ for Life (And We’re Not Selling Life Insurance)
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You are invited to a NAPFA Consumer Education Foundation event at 5:30pm on Thursday Oct. 18th at the Charlottesville Senior Center.

Tax records show Republicans overly generous, Democrats excessively stingy.
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The hypocrisy of candidates who pretend to be generous with other people’s money while purposefully characterizing those who are actually generous destructively is an issue worthy of consideration when you vote.

Romney’s tax returns a stellar example of citizenship and generosity.
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The Romney’s generosity and tax burden is hardly the example of greed and avarice that advocates of greater government would have us believe.

Not Having an Estate Plan–Mistake #1
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The worst thing you can do is to do nothing at all and assume everything will pan out in the end. No matter how much (or how little) money you have, you need at least a simple will.

IRS Notice of Proposed Adjustment for Underpayment/Overpayment (CP2000) for 2010 Roth Recharacterization
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Currently the IRS is sending notices to anyone who did a Roth Recharacterization in 2010 asking them to pay as though they kept the entire conversion amount.

A Progressive Tax Code is Economically Destructive
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Most Americans assume a progressive tax code is needed to promote equality and remove some of the burden of other taxes on those with the lowest income. But the progressive nature of the tax code changes behavior in many ways.

Smart Tax Planning for the Gap Years
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Many families seek financial planning advice specifically for retirement. But if they wait too long, they miss an important tax-planning opportunity. A great strategy is to take advantage of the time between retirement and Social Security at age 70, the so-called gap years.

Mailbag: How can I get started gifting appreciated investments?
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Do I start planting investments and then refrain from giving for ten years?

$ ?s: Six AMT Reduction Strategies
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There are two opposing approaches to limit your AMT tax. The obvious strategy is to lower your income so you avoid this AMT bull’s-eye. The less obvious approach is to raise your income.

Tax Efficient Investing
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It can be useful to maintain a grid where all of the available asset classes are arranged in order, by tax efficiency and potential return based on time horizon, so clients can clearly see when and where tax-deferral can offer the greatest benefits.

Are Investment Management Fees Tax Deductible?
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I often get asked, “Are investment management fees tax deductible?” The answer is not a simple “yes” or “no.” Like many tax questions, the answer is “It depends.”

Radio: Tax Planning in 2012
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David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing tax planning in 2012 and the most important things to do now to prepare for rising taxes in 2013.

How Does Marital Status Affect Your Federal Taxes?
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Laws have always regulated who may marry, the obligations related to marriage and children and whether and how a marriage can be ended. Governments have always put their own social agenda above the pluralism of personal choice.

Mailbag: I’d like to withdraw money from my IRA to purchase physical silver.
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Precious metals will, on average, just keep up with inflation, but your after tax return would mean you fell behind inflation by the 28% tax you must pay.

Last Chance for 0% Capital Gains Rate
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Most infomercials that begin with such urgency are trying to get you to buy something, but in this case I want you to consider selling.

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