It’s that time of year again when the taxman wants to know how much you have earned and how much tax you owe him. Don’t forget that your individual tax return has to be returned to the Internal Revenue Service (IRS) by April 15 this year, unless you have applied for, and received an extension. [...]
02.17.09 | advice, Finance, Home & Garden, Internet, Taxes | DailyBuzzBlog.com
US laws heavily tax the estate of a deceased person if the value of the estate exceeds certain limits. For the year 2007 and 2008 this limit is fixed at $2 million. 2009 will see this limit climbing to $3.5 million. The rate of taxation for the amount above the exemption limit is a flat [...]
02.12.09 | advice, Finance, Home & Garden, Internet, Taxes | DailyBuzzBlog.com
No estate tax is payable during 2006, 2007, and 2008 on a descendants estate valued up to $2million. However, estate taxes can chew away a sizable part of the estate after death if effective estate planning steps are not taken in time. A solid estate plan can be made only if one is aware of [...]
02.11.09 | advice, Finance, Home & Garden, Taxes | DailyBuzzBlog.com
Estate taxes eat away a substantial portion of your estate if you are not careful to take necessary steps in time. It is absolutely essential for you to start planning at once if you have property valued above two million dollars. This is the current limit up to which no estate tax is applicable. Your [...]
02.10.09 | advice, Finance, Health, Home & Garden, Internet, Taxes, TheBuzz | DailyBuzzBlog.com
If a person dies possessed of property, the law imposed estate tax if the property has a fair market value above $2 million. Property valued less than that is not subject to estate tax. Estate tax is levied both at the federal and state levels. The high rate of taxation takes away nearly forty-five percent [...]
02.9.09 | advice, Finance, Home & Garden, Internet, Taxes | DailyBuzzBlog.com
There are many reasons that make an estate plan very important. When you are unable to take decisions regarding your healthcare due to illness or accident there needs to be someone who can legally take such decisions on your behalf. Alternatively, if you require long-term care, which is not covered by medical insurance, you have [...]
02.9.09 | advice, Finance, Home & Garden, Internet, Taxes, TheBuzz | DailyBuzzBlog.com
There are many ads online on companies offering to help you or prepare for you your tax return. But if you are the type who is even afraid to give out your credit card number on some shopping site shouldn’t you be scared to give out more information about you such as your social security [...]
02.8.09 | advice, Finance, Home & Garden, Internet, Taxes, Technology | DailyBuzzBlog.com
Whenever you receive a tax refund, you may be tempted to rush out and spend the entire check. But before you do that, let’s look at some of the best ways to use that money. You want that money to work for you, not the local retail store. 1. Give it away. Whether you give [...]
02.6.09 | advice, Finance, Home & Garden, Internet, Taxes, Technology, TheBuzz | DailyBuzzBlog.com
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