UPDATED MARCH 20, 2020 FEDS CHANGE MIND & MOVE FILING DATE BACK TOO Originally the IRS moved the payment time for income taxes due back to July 15,2020, but still wanted the Income Tax Return filed by April 15,2020. Responding to the confusion they created they have now moved BOTH the filing date & payment... [Read More]
Category: Taxes
Year End 2019
As we race towards December 31, 2019, the end of the Calendar Year, it is also the end of a Decade! This is the time to make sure that you have your Estate Plan up to date. The legal work for your Estate Planning maybe Income Tax Deductible and you may want the deduction for... [Read More]
Steve Teaches CE Class – “The Tax Cut & Jobs Act of 2017”
Estate Planning attorney, Steven Andrew Jackson, will teach a one hour Continuing Education class on “The Tax Cut & Jobs Act of 2017.” Date: Wednesday, May 2, 2018 Time: 8:00 am to 9:00 am Location: The Biltmore Building, One North Pack Square, in downtown Asheville CE Credit: The class is approved for one hour Continuing Education by... [Read More]
In Plain English: The New Tax Bill Highlights
The New Tax Bill Congress has passed, and the President has signed, a major new Tax Bill revising many Tax Laws. It modifies much beginning January 1, 2018. There are a number of changes in the Tax Laws that you will want to pay attention to. Tax Brackets Have Changed. The rate that you are... [Read More]
The 100th Year Anniversary of Federal Estate Tax
September 8, 2016 will mark the 100th anniversary of the Federal Estate Tax. The Federal Tax taxes your assets when you pass on and they move from one generation to the next. There is no tax under the exemption amount, but once you get above that amount, there is a Federal Estate Tax. In the... [Read More]
Estate Planning With A Volatile Market
Volatile swings in the Stock Market have a tendency to freeze many of us. There is a sense of a lack of control, concern for the future, and for some – outright fear. We know historically that the Stock Market moves up and down and that when it is down it is a good time... [Read More]
What We Really Fear in Our Estate Plan
Many clients come into the office concerned more about the delay, costs and publicity of Probate Court, or potential tax issues. But as they start to open up about their real concerns about leaving inheritance, the concerns are about what if they become mentally disabled? What if their spouse remarries – will their assets go... [Read More]
Obamacare back before the US Supreme Court
On Wednesday, March 4, 2015, the US Supreme Court heard arguments on the legality of this controversial law. The legal challenges include that the federal government is requiring states to take certain actions that maybe unconstitutional for the federal government to require. Under this law those who choose to self-insure themselves due to high insurance... [Read More]
The Able Act
Congress passed The Able Act. It was to be a much ballyhooed law that would allow a special needs or challenged individual to own assets in their own name and still become eligible for Medicaid Assistance for special care living and related expenses. Unfortunately the law did not turn out as anticipated. What the law... [Read More]
President Wants to Raise Taxes
President Obama is seeking to raise Capital Gains Taxes again. Capital Gains Taxes were raised during his first term in office. The President says that the Capital Gains Tax only affects the “wealthy”. Capital Gains Taxes affects anyone who might ever own their own home, whether it is a house, condominium, or land. Further, it... [Read More]