Archive for June, 2003
Posted by taxguru on June 14, 2003
House Approves Tax Relief Bill. $82 Billion Measure Aimed at 6.5 Million Poor Families
House passes its version of child tax credit
IRS Wants Proof Before Giving Tax Credit
Posted in Uncategorized | Comments Off on
Posted by taxguru on June 12, 2003
House Boosts Child-Tax Credit, But Bill’s Outcome Isn’t Certain
How Arkansas Dem’s sweetener soured Bush tax cut
House DemonRats Look for G.O.P. Votes to Defeat Tax Cut
Tax impasse is seen needing Bush input
A Reaganite Gone Wrong. Alabama Gov. Riley�s massive tax increase
States Craft Budget Plans, Tax Increases
Millionaire has-beens – Easy come, easy go for those who rode the stock market bubble and had paper profits that didn’t materialize in the real world.
Small farming operations do have some very lucrative tax breaks.
Posted in Uncategorized | Comments Off on
Posted by taxguru on June 12, 2003
New Tax Law Has a Catch: Depreciation Recapture Rate Is Unchanged – This catches a lot of people by surprise. The 25% Federal tax on depreciation recapture is usually higher than the normal capital gain tax. It is a crucial issue to evaluate when deciding to dispose of property as a taxable cash-out sale or to do a Section 1031 tax deferred exchange.
Sleep? Play Golf? Pay Your Bills Late? You May Be a Patron of the Arts – Hidden taxes are literally everywhere.
Lower Capital-Gains Tax Boosts Attraction of Custodial Accounts
Posted in 1031 | Comments Off on
Posted by taxguru on June 11, 2003
G.O.P. Leader Brushes Off Pressure by Bush on Taxes
W pushes House GOP on tax cuts for poor
Defiant House GOP to Offer Broader Tax Cut Bill
The New York Times and the Tax Cut
Bush’s stealth tax cuts are worthy of the Gipper
In revised tax plan, House leaders push bigger cuts
Tax Breaks Help Self Employed Decide on a Business Structure – As I’ve said on too many occasions, C corporations can still reduce taxes by huge amounts over using S corps.
Posted in Uncategorized | Comments Off on
Posted by taxguru on June 11, 2003
None of us really know how we would react to receiving a huge windfall. However, I’m sure a lot of people are saying the same thing about this guy who just received a check for $24.2 million from winning the Texas lottery and is continuing his job at a trophy shop – “He’s nuts!”
Posted in Uncategorized | Comments Off on
Posted by taxguru on June 11, 2003
Schism Between Republicans Is Bared in Tax-Cut Debate
US Will See Benefit Of Tax Cuts By Year’s End Says Snow
Mounting KPMG Tax Suits Reveal Vast Marketing Push
Posted in Uncategorized | Comments Off on
Tax Guru - Ker$tetter Letter 