Tax News

U.S. to reinstate estate tax

Yesterday, President Obama and the Republican Congressional leadership tentatively agreed to work on draft legislation that would reinstate U.S. estate tax January 1, 2011, with an “exemption” of U.S. $5 million for U.S. citizens and U.S. domiciliaries and a maximum estate tax rate of 35%.

By Terry F. Ritchie |December 8, 2010

1 min read

Boom, trust and echo

It’s a truism in the advisory business that client relationships can very often turn into family affairs. Building a sound relationship with one person can lead to relationships with spouses, close relatives and, eventually, the children. When we talk about clients, we often focus on baby boomers, the generation with the greatest numbers and the […]

By Michelle Munro |December 2, 2010

6 min read

Year-end tax tips

December is a busy month for advisors, but you can help your clients close out 2010 on a positive note with these year-end tax tips.

By Gena Katz |December 1, 2010

3 min read

A late T1135 can be costly

I first wrote about this topic this past spring, but since then, taxpayers continue to get hit with severe penalties for not filing the form on time, notwithstanding that all their foreign income was fully declared and taxed on their personal tax returns.

By Jamie Golombek |November 17, 2010

5 min read