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Updated by Steven J Fromm on Jan 12, 2014
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Tax List

List of interesting tax articles

2013 Year End Tax Planning Strategies: Learn What Can Be Done Now To Save Taxes and Prevent Costly Mistakeshttp://fro...

As the year-end quickly approaches, there is still time to do some year-end tax planning. This 2013 tax year will be tough on many taxpayers due to recent tax law changes and the uncertain future of tax reform. Basically, taxpayers will have to deal with the following recent tax law changes:

Small Businesses: 8 Great Year-End Tax Planning Tips and Tricks: A Must Read

2013 Year-End Tax Planning Guide For Small Businesses The arrival of year-end presents special opportunities for most small businesses to take steps in lowering their tax liability. The starting point is to run projections to determine the income and tax bracket for this year and what it may be next year.

Fraud Alert: Latest Reprehensible Tax and Financial Scam: Phony Charitable Contributions To Aid Typhoon Victims

The Internal Revenue Service has just issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. As most of us know, on Nov. 8, 2013, this typhoon known as Yolanda in the Philippines - made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in...

Estate Planning: Now What? A Must Read For Everyone

We now know what the federal estate tax laws will be this year and in the future. Our federal government has stated that these estate tax rules are now permanent after a decade of uncertainty. (A cynic may say that these federal tax laws are permanent until our federal government says they are not!).

IRS Tax Scam Alert and What To Do To Protect Yourself: Scary and Disturbing Tactics By Phony IRS Agents

On Halloween the IRS announced (IR-2013-84) the newest and scariest phone scam. Someone has a sick sense of humor out there. This sophisticated and sinister phone scam targets taxpayers, especially recent immigrants, throughout the country. Details of This Phone Scam According to the IRS Victims are told they owe money to the IRS and it...

The Biggest (Tax) Loser: Misguided Gifts of Real Estate By Uninformed Do It Yourselfers, Realtors & Attorneys

With the increase of the federal estate tax exemption to $5,340,000 in 2014, most taxpayers are not subject to federal estate taxes. The focus for many now has shifted to the income tax implications that arise when wealth passes to the next generation. With no regard to the income tax implications, many times elderly people...

Not Too Early to Plan for 3.8 % Medicare Tax on Investment Income

Written by: Steven J. Fromm, J.D., LL.M. (Taxation) In 2010, the health care reform package (the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010) created a new 3.8 percent Medicare contribution tax on the investment income of higher-income individuals that goes into effect in 2013.

  • Steven J. Fromm has been a tax and estates attorney in Philadelphia, PA for over 37 years helping his clients with tax, business, estate planning and probate administration matters.

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