Newsletter – February 1, 2011

N E W S L E T T E R    February, 2011   The purpose of this newsletter is to inform you of certain provisions of the December, 2010 tax law that may affect your estate and business planning, and to make you aware of current planning issues being addressed by other clients at this time. There are many provisions of the new tax law but generally the tax law is a two (2) year extension of the income tax brackets that have been in effect, a surprise two (2) year estate tax reduction planning opportunity and two percent (2%) more in your employee’s paycheck. Income Tax Provisions        ∙ Income Tax Brackets stay the same in 2011 and 2012 as they were in 2010.  For higher income earners, there will be a substantial increase in income taxes in 2013, as well as new payroll taxes and passive income Continue reading