FORBES – Tax hikes hit trusts hard – beneficiaries pull money out before March 2013

  The Internal Revenue Service allows a 65-day grace period (through March 6, 2013 this year) to take distributable net income out of the trust and treat it as distributed in 2012.   http://www.forbes.com/sites/ashleaebeling/2013/01/09/tax-hikes-hit-trusts-hard-beneficiaries-pull-money-out/?goback=.gde_3694878_member_202949121   Canadian Tax Shelters Offer No Refuge from Uncle Sam. http://www2.canada.com/news/canada/featured+letter+canadian+shelters+offer+refuge+from+uncle/7818820/story.html?id=7818820&p=1&goback=.gde_3694878_member_204774207

January 10, 2013 · Jennifer · No Comments
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2009 NYS Tax Increases.

How many times can we be taxed on the same dollar and how long are we going to put up with this highway robbery? This information is taken from a report given at the New York State Senate Republican Conference. Source:SFY 2009-10 Enacted Budget; Analysis of Senate and Assembly Democrat Budget Resolutions; and A Better Choice […]

August 15, 2011 · Jennifer · 2 Comments
Tags: , , , , , , , , , , , , , , , , , , , , , ,  · Posted in: 2009 Tax Increases NY, TAXES