As the town of Springfield’s resident oligarch, C. Montgomery Burns earned the ire of the townspeople through any number of misdeeds, including blocking out the sun, having the Rolling Stones killed, and stealing Christmas from 1981 through 1985.
As 2015 winds down, it’s a good idea to budget for your 2015 personal income tax bill, in the event that you’ll owe the IRS money. Taxpayers who review their situations before year end have many more tax-reduction strategies at their disposal than those who wait until after the start of the tax filing season.
CFO Survey: Weak Business Spending Forecast; Employment Growth Continues – Duke’s Fuqua School of Business
Today, the individual income tax is the single most important source of federal revenue, but it wasn’t always that way.
Family limited partnerships (“FLPs”) give senior family members a tax efficient way to shift wealth to future
generations while still exercising control over their assets. As an added benefit, by forming a FLP, senior family members remove assets out of their estate—generally at a reduced transfer tax value.
House values continue to rise in the low interest rate, post-recession economy. Homeowners are experiencing this increase not only in East and West coast cities like New York, Los Angeles, Boston, and San Diego, but here in Dallas-Fort Worth as well.
