by David Raye | Mar 25, 2020 | 2020 Crisis, Tax Policy & Legislation
March 25, 2020 I hope you and your families are doing well and staying safe & healthy! Last week, the Families First Coronavirus Response Act was passed by Congress. This Act requires businesses with fewer than 500 employees to provide paid sick and family leave...
by David Raye | Jan 7, 2020 | Tax Policy & Legislation
Stretch IRA strategy curtailed under new law Last month, in the midst of all the impeachment proceedings, Congress quietly passed legislation that would make significant changes to the tax laws governing retirement plans. The most significant provision would require...
by David Raye | Jul 7, 2018 | Lower Your Tax Bill, Tax Policy & Legislation
Everyone hates the Alternative Minimum Tax or AMT. The AMT requires that you calculate your tax bill under a different set of rules and deductions, compare that number to your regular tax, and pay the larger of the two. This decades-old measure was originally enacted...
by David Raye | Jul 7, 2018 | Estate Planning, Tax Policy & Legislation
One part of the Tax Cuts and Jobs Act that has not received a lot of attention is the change of calculation for the so-called “kiddie tax”. This tax applies to children who have unearned income in excess of $2,100. The kiddie tax applies to children age 18 and under...
by David Raye | Jul 7, 2018 | Lower Your Tax Bill, Tax Policy & Legislation
An investment vehicle that may be worth a second look in the wake of tax reform is Real Estate Investment Trusts or REITs. REITs are corporations that primarily invest in real estate and produce income from rental properties or from buying and selling properties. ...
by David Raye | Feb 18, 2018 | Estate Planning, Tax Policy & Legislation
The choice of beneficiaries for your IRA or other retirement plans is one of many financial decisions that must be made during your lifetime. Generally, the goal is to maximize the deferral period so that the account can continue to grow tax deferred as long as...
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