A Year to Give to Your Heirs, and Save on TaxesBy PAUL SULLIVAN With all the focus on the estate tax, many people have not noticed that the gift tax, which this year stands at 35 percent, is at the lowest rate since the 1930s.
India and Mongolia Win Ruling on New York Tax SuitBy JAMES BARRON The countries had challenged the city’s efforts to collect more than $50 million on property used as living quarters for their staffs at the United Nations.
Uncertainty Is the Only Tax CertaintyBy FLOYD NORRIS The current unsettled state of the tax code is a threat to the economy, but Congress is unwilling to compromise.
Government Plans More Aid for Jobless HomeownersBy DAVID STREITFELD The aid, about $3 billion, comes against the backdrop of a weakening economy, high unemployment and a housing market destabilized by foreclosures.
High Drama Looms in U.S. Tax FightBy ALBERT R. HUNT For the past three decades in America, there have been heated fights over federal taxes. Politically, Republicans usually win. But ahead of this year's elections, the Democrats may have the upper hand.
Partnerships May Aid Your Estate, but the I.R.S. Is WatchingBy PAUL SULLIVAN Family limited partnerships can help keep family interests in sync after death, but the government wants to make sure they operate as true businesses, not tax dodges.
Asians Paying More Attention to Inheritance PlanningBy SONIA KOLESNIKOV-JESSOP Children of a modern generation of wealthy Asians have often found themselves fighting in court over the estates of their parents.
New Jersey Lawmakers Cap Local Tax Increases at 2%By RICHARD PÉREZ-PEÑA The measure, limiting local governments, was a politically popular move in the state with the highest property taxes in the nation.
America Builds an AristocracyBy RAY D. MADOFF Congress should put an end to dynasty trusts, which give wealthy families unfair protection against taxes and the claims of creditors.
Loan Giants Opt to Block Energy ProgramsBy TODD WOODY An effort to help homeowners pay for energy improvements is unlikely to go forward because of the liens involved.
Google to Add Pay to Cover a Tax for Same-Sex BenefitsBy TARA SIEGEL BERNARD Google will raise the salaries of gay and lesbian employees whose partners receive domestic partner benefits, to compensate them for a tax they pay that heterosexual married couples do not.
Property Tax Cap and Wine Sales in N.Y. Budget BillBy NICHOLAS CONFESSORE; DANNY HAKIM CONTRIBUTED REPORTING. Gov. David A. Paterson is including the proposals in an emergency budget bill due for a vote next week.
What an Estate Looks Like to the TaxmanBy DAVID KOCIENIEWSKI When a billionaire dies this year, no taxes for the estate. Next year, $1-million-plus estates will be taxed at up to 55 percent.
Confusion Over Estate Tax Keeps Advisers BusyBy PAUL SULLIVAN The wealthiest Americans have been in a rush to amend inheritance documents that they may have to change again next year.
Copyright 2010 The New York Times Company | Date published: Sun, 05 Sep 2010 17:20:08 -0400