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Entries from January 2008

Inheritance and Tax Law Concerns : Seek Legal and Tax Consult Expertise

January 11th, 2008 · No Comments

Inheritance and property laws are a complex issue and it is worth investing in independent legal advice to be entirely confident about your position.The rules regarding the form and technical provisions of wills can be confusing for lay people. It’s also worth being aware that property laws are changing, which will in turn affect [...]

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Tax Bomb Keeps on Ticking and Ticking

January 11th, 2008 · No Comments

Nineteen million middle-class American households will get socked with very costly bills April 15 unless Congress acts soon.
But presidential contenders in both parties would rather not talk about this tax time bomb called the alternative minimum tax – a parallel income tax system meant to ensure that rich people pay at least a little something [...]

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New State Law Boosts Missisippi Real Estate Investments

January 6th, 2008 · No Comments

A new state tax break could prompt investors to put money into “trophy properties” like retail centers, multifamily complexes and office buildings in Mississippi.
Legislators this year made the state income tax law conform with federal law dealing with certain exchanges of property.
Real estate consultant John David Hurt says the bill the Legislature [...]

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Arbritrary Property Tax Rules

January 6th, 2008 · No Comments

The current uncertainty about tax laws makes year-end planning difficult for advisers and accountants. A number of tax initiatives are slated to sunset this year. Meanwhile, new provisions will take effect next year and several others remain in limbo while Congress decides whether to extend them. The fate of the alternative minimum tax (AMT) and [...]

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Fast-paced growth puts county in hole

January 4th, 2008 · No Comments

iscal Court plans to vote on a measure that would double the county’s insurance-premium tax to 10 percent — among the state’s highest; only two of the 33 counties with the tax charge that much, although some cities have higher rates.
The new rate is expected to give Oldham about $1.8 million more each year — [...]

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TAXPAYERS, LABOR GROUPS, CITY ALL OFFERING OPTIONS

January 4th, 2008 · No Comments

City officials working to fill San Jose’s budget holes have narrowed their focus to fewer than two dozen proposals - all of which are likely to draw howls from employees or taxpayers and pose monumental political hurdles for Mayor Chuck Reed.
Reed’s top goal seems simple enough: Boost revenue and trim costs to cover an annual [...]

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Low Taxes : Dubai

January 4th, 2008 · No Comments

Workers seeking out the lowest tax rates in the world should head to Dubai, Russia or Hong Kong, according to a league table of the world’s most attractive personal tax hot spots.
Residents in the United Arab Emirates (UAE) receive the highest net income at 95 per cent of their gross salary, while expatriates in Russia [...]

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Alternative Minimum Tax Bomb Implosion Iminent

January 4th, 2008 · No Comments

 But presidential contenders in both parties would rather not talk about this tax time bomb called the alternative minimum tax – a parallel income tax system meant to ensure that rich people pay at least a little something to Uncle Sam.
The rules never took inflation into account. So although the AMT hit 4 million taxpayers [...]

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Property Tax Hearing

January 4th, 2008 · No Comments

THE MEETING:
It’s required by state law . It will be held at 7 p.m. in the cafeteria of the Kittredge Magnet School for High Achievers, 2383 N. Druid Hills Road.
WHAT IT MEANS:
County commissioners Jeff Rader and Kathie Gannon, who represent the area, want to create a 417-acre district where some property tax revenue normally collected [...]

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