YoungAssociates

2012 Income Tax Planning

Henry Young — Wed, 04 Jan 2012 21:36:56 +0000

As the stock markets have rebounded from the lows of the financial crisis, there is a strong potential for windfall gifts from executives who are...

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Gift & Estate Taxes for 2012

Henry Young — Tue, 08 Nov 2011 13:04:32 +0000

The gift tax annual exemption will remain at $13,000 for 2012. Pursuant to the IRC, the exemption can rise only when the inflation adjustment...

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Personal Exemptions in 2012

Henry Young — Mon, 07 Nov 2011 13:30:36 +0000

The amount of personal and dependency exemptions for 2012 will increase to $3,800 from the 2011 level of $3,700.

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Standard Deduction for 2012

Henry Young — Fri, 04 Nov 2011 15:01:31 +0000

The 2012 standard deduction will increase for all taxpayers. The standard deduction amounts for 2012 will be $5,950, for single taxpayers; $8,700,...

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Tax Brackets for 2012

Henry Young — Thu, 03 Nov 2011 17:00:01 +0000

Joint returns. For married taxpayers filing jointly and surviving spouses, the maximum taxable income subject to the 10-percent bracket will rise...

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Estate Tax Exemption Increased

Henry Young — Wed, 02 Nov 2011 22:32:50 +0000

The IRS announced the estate tax exemption for 2012 will be $5.12 million (see news release), up from $5 million this year. The higher threshold is...

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Thinking beyond cash (KIM #9)

Henry Young — Thu, 22 Sep 2011 12:18:19 +0000

The IRS has ruled privately that a donor can claim an income tax charitable deduction for the contribution of television broadcast licenses provided...

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Everyone loses (KIM #8)

Henry Young — Wed, 14 Sep 2011 18:10:04 +0000

Too many nonprofits believe that their budgets are tight, particularly for investments expensed immediately versus over a longer term. We routinely...

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Successes forged through economic downturn (KIM #7)

Henry Young — Fri, 09 Sep 2011 17:51:06 +0000

Proctor & Gamble, General Electric, Hewlett Packard, Microsoft and Google all were created or got their first big boost during an economic...

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Unintended Consequences

Henry Young — Thu, 11 Aug 2011 13:34:11 +0000

On Monday, August 8, the independent ratings agency Standard and Poor’s announced a rating downgrade of the US. AAA rated insurers to AA+ with...

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