International Taxation Hot Issue – Repatriation

“…$1.4 trillion of corporate cash is trapped overseas…” “…Corporate America needs a tax holiday to repatriate these funds…” What does this mean?  Why should we care about this? To answer these questions, you need to know a little about International Taxation.  So, here is an example that should...

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Tax Plan Square Off: Romney vs. Santorum

Following the Iowa Presidential Caucus in early January, 2012 where only 8 votes separated candidates Mitt Romney and Rick Santorum, we thought it would be a good idea to compare their proposed tax plans.  We wanted to get very specific, though.  So, before we delved...

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IRS Targets Family Real Estate Transfers

It is not uncommon for family members to transfer (technically a gift, often subject to Gift Tax in the eyes of the IRS) real estate between each other for Estate Tax, Medicare planning or asset protection purposes.  Tax law states than any gift with a...

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The Payroll Tax Debate – Simplified

What is the present payroll tax cut debate all about and how does it affect workers and businesses? If you look at your paycheck, you will usually see four taxes withheld from your gross pay. The first one is Federal Tax, which is your payment toward the...

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