Tax Planning For You And Your Family 2013 PDF
2013 Tax Planning guide ... withholding it, you can claim a credit on your 2013 income tax return. If you ... Along with protecting your family’s financial future, life insurance can be used to pay estate taxes, equalize assets
2 2012–2013 Tax and Financial Planning Guide Quick Reference “ ABOVE-THE-LINE” DEDUCTIONS (EVEN IF YOU DON’T ITEMIZE): ... You and Your Family The 2012 tax rates remain unchanged although the tax brackets have increased slightly ...
5 2013 tax planning tables 2013 tax planning tables 6 Education Savings Accounts (ESA) • Maximum nondeductible contribution is $2,000 per child, per year.
2012-2013 TAX PLANNING GUIDE ... save tax at that higher rate — a $1,000 deduction saves you $280 when . your tax rate is 28% but $310 when your tax rate is 31%. ... tax-advantaged savings opportunities available to you and your family.
So in 2013, tax planning continues to be a complicated and . critical task. ... on your 2013 income tax return. If you . do. owe the tax but your employer . isn’t. ... may be available to you or to your family members. Some
2013 Tax Planning guide ... you can claim a credit on your 2013 income tax return. If you do owe the tax but your employer isn’t withholding it, consider ... Along with protecting your family’s financial future, life insurance can be
Tax Planning 2013 . ATRA Changes at a Glance . The American Taxpayer Relief Act of 2013 (ATRA) ... Here are some ways that ATRA can benefit you, your family and Cleveland Clinic. Personal Income Taxes. The good news for most taxpayers is that the personal income tax rates stay where they were in
2012-2013 TAX PLANNING GUIDE Year-round strategies to make the tax laws work for you PKF Texas • 5847 San Felipe, Suite 2400 • Houston, TX 77057 • Ph: ... most tax savings overall for your family. (See Case Study IV below.) Warning:
Personal and family tax planning 1 Tax and your property 3 Tax-efficient retirement planning 4 Savings, investment and ... TAX & WEALTH PLANNING TIPS 2013/14 2 If you are getting married or entering into a civil partnership, and you both own separate properties which you continue to occupy for ...
greatest impact on your tax planning: ... changes that could affect you, your family, and your business. Clarity amid Change ... You may elect to apply any or all of the provisions on your 2012 or 2013 tax return, even if you’ve already filed your 2012 return.
Year End Tax Planning 2012 ... Washington. If Congress does not take action there will be dramatic tax increases for everyone on January 1, 2013. How will this affect you and your family? Personal Income Taxes ... to make large gifts to family members without being subject to gift tax.
Tax Planning Checklist 2013 ... refunded to you and assessed at your marginal tax rate, rather than pay excess ... for the sale of the family home which has been owned for at least 25 years. This exemption will be accessible to people
2013 year-end tax planning guide Your promotional imprint here and/or back cover. ABC Company ... Once you know your tax bracket, you can project the tax effect of various planning strategies. ... taxes for your family. YOUR MOVE 3 Personal Exemption Phaseout Filing status Phaseout begins
Year End Tax Planning Tax is a subject that excites very few people. It is easy to ignore awkward issues involving tax, such as those mentioned
Tax Planning Checklist for 2011 & 2012 & 2013 Tax provisions as of February 2012 ... Knowing Your Tax Bracket is Your Most Powerful Planning Tool ... self/$2.4k family Max deductible $5,950/11,900. (In 2012 $6.05/12.1k)
... retirement, and income tax planning be affected by tax changes that are scheduled to become effective 1/1/13? ... to determine what steps are appropriate for you and your family to take to ... • The gift and estate tax exclusion may become $1 million 1/1/2013. Can you risk not planning now?
increases could mean a bigger tax bill for 2013 WHAT’S nEW! ... If you’re a business owner, your tax planning may be focused on your ... Succession within the family. You can pass your business on to family mem-
in 2013 will help you offset your tax liability that year. ... engaged in your tax planning so that you can understand how the AMT will affect your tax ... you and your family. There are many potential objectives, both financial
Dec. 3, 2013 . Family Wealth Services 2013 year-end tax planning—considerations ... Planning tip: You can leverage your gift tax exclusions and exemption by gifting ownership interests, which may be eligible for valuation discounts
Paying a Salary to Family Members Consider paying a spouse or a child a reasonable salary based on their involvement in your business. ... Microsoft Word - Scotiabank_2013 Year End Tax Planning for Individuals (10-23-2013).docx Author: ssalz
2014 Tax Planning Page 4 prepaid interest are generally prohibited. Note: Accelerating your mortgage payments may not pay off if you expect to be subject to the Alternative Minimum Tax (AMT).
... we know you are busy with holidays, family, and travel, ... If you got an extension on your 2013 tax return, you need to have it postmarked by October 15, ... We hope you will find some of these strategies useful as you go through your tax planning process this year.
Tax Planning Checklist for 2012 & 2013 ... self/$2.4k family ...
February 6, 2013 Estate tax update ... Canadian estate and tax planning may not achieve your objectives when you have a U.S. family member. Other popular Canadian planning techniques may ... If you have U.S. family members in your Canadian
throughout your life to build a solid financial foundation and to provide for the security of your family, shouldn’t you be the one to decide ... should be done to minimize the impact of the New York estate tax. Planning is also important if you ... 2009 2011 2012 2013 2014 Tax Exemption Rate ...
you with your 2012 2013 tax planning. We encourage you to consider seeking qualified tax planning advice prior to implementing ... Paying a reasonable salary from a family business to family members for actual services rendered.
Tax planning can also help you take advantage of ... your family. Minimize capital gains tax. ... until your 2012 tax return is filed in 2013, you do have time to make this decision. U.S. Treasury Bill Income:
Your Farm. Your Family. Your Future. The Assante Ag Group is a national farm advisory group that assists Canadian farm families in the areas of tax planning, retirement
A Guide to Planning Your Will in 2013: What You Need to Do Before You See Your Attorney. 2 ... you can leave your family and friends with a plan that reflects the same legacy you ... Make a gift of your home at death and enjoy tax
Year-end tax planning ... Determine whether the 0% capital gain rate will apply to you or other family members; if so, plan your gifts ... it must be open and the deposit made before December 31 to qualify as a 2013 contribution. Discuss your beneficiary designations with your Financial ...
Understand How Tax Planning Can Help You Attain Your Personal Goals ... Tax Planning 8 2013 0 $17,850 0 10% 0 ... provide support to your family in the event of death, disability, health problems, or retirement.
... 2013. Year-End Tax Planning for Individuals. The American Taxpayer Relief Act of 2012 ... Shifting Income to Reduce Family Tax Burden . ... there is still time to make a significant dent in your 2013 tax liability if you act quickly.
... Expiring Tax Exemptions: Implementing Wealth Transfer Strategies Before 2013 as possible to your children. If you ... Trust structures can provide significant tax advantages, protect your family ... that the retained access does not negate the tax planning purposes. Additionally, you can ...
If you got an extension on your 2013 tax return, you need to have it postmarked by ... give you up to $2,500 per year for each qualifying college student in your family. And unlike ... We hope you will find some of these strategies useful as you go through your tax planning
for you, your family, and your community ... However, at the time the trust is established, you may owe gift tax on the present value of your gift to the final beneficiary. ... 11/6/2013 3:59:55 PM ...
Checking your 2013 tax list, twice . The end of the calendar year is an ideal time to ensure you’ve taken advantage of all the most effective money-saving opportunities for you and your family. ... these or any other planning topics.
13 FINANCIA PLA 2013 Charitable giving can reduce your tax burden and also provides a sense of satisfaction by benefiting ... like a family member’s college tuition, ... Planning for your taxes and overall financial position in light of the American Taxpayer Relief
The earlier you begin your 2014 tax planning, the more opportunities you may have to reduce your taxes. ... (by you or your family) ... plan salary deferrals for the 2013 tax year are capped at $17,500.
your 2013 marginal tax rate will be significantly lower than your 2014 marginal tax rate, you should defer taxable income to 2014. ... Succession and Family Business Planning Year-end is the traditional gift-giving season.
Family Business Succession Planning August 29, 2013 Page 1 of 9, see disclaimer on final page. Transferring Your Family Business As a business owner, you're going to have to decide when will be the right time to step out ... You'll want to consult a tax
The January 2013 tax law allows for a $5,250,000 exclusion, a 40% maximum federal ... Documentation occurs as you establish your estate planning goals and gain an ... necessary to update the plan for events affecting your family or your assets.
2013 www.bdo.com 2013 YEAR-END TAX PLANNING FOR BUSINESSES T he time to consider tax-saving opportunities for your business is before its tax year-end. ... Succession and Family Business Planning . . . . .13 u ...
Tax Planning for the Self-Employed ... Hiring a family member to work for your business can create tax savings for you; in effect, ... September 30, 2013 Page 3 of 4, see disclaimer on final page. [email protected] Raymond James &
Income Tax Planning Smart Planning for Your Taxes Florida Retirement System ... Family Based Credits (cont.) ... FRS Income Tax Planning Workshop Copyright 2013 Ernst & Young LLP 11 Appendix E (continued)
term capital gains tax in 2013 if you are in those brackets. In addition, ... Transferring family entity interests, and ... situation and assist you in your year-end tax planning. CONTACT US
account your family’s financial situation, the new five dimensional tax system, and any tax planning strategies to provide you an up-to-date 2013 expected tax liability. Lastly, ... for your business’s 2013 tax year. You can then carry back the
UK year-end tax planning 2013/14 1 ... When writing wills and planning for family succession, careful ... and any appropriate planning with your tax adviser. It is also particularly important to ensure you have a valid will so that your Ykk] ...
your family. Minimize capital gains tax. ... as best you can, your tax situation for the current and subsequent years so you ... while benefiting a charity of your choice. tax planning goals 4. 1 KEY TAX PLANNING STRATEGIES tax tip Situation Planning idea
Tax Planning Expert view for tax saving for salaried employees DON'T PAY MORE IN ORDER TO SAVE YOUR TAXES.
Before the act, in 2013, estate tax rates and ... life to best meet your estate planning goals. support your family Your first goal should be taking care of the people you care about. Carefully analyze ... you to cut your estate tax bill. Direct