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Estate Tax Exemption Raised to $5 million

As we told you the 2010 Tax Relief Act raised the estate and gift tax exemption to $5 million. Basically this means that if your estate is worth less than $5 million then you do not have to pay any estate … Continue reading

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Form 1099’s Due This Month

As a general rule, Form 1099s are due to recipients by the end of January. With limited exceptions, every trade or business (including rental properties after 2010) must file an information return for payments made to unincorporated entities. The most common … Continue reading

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Convert your S Corporation to a C Corporation?

We anticipate higher personal tax rates in 2011. For many of our clients, converting their existing S Corporation to a C Corporation may make sense.  We do not anticipate an increase in Corporate rates for 2011. Consequently, this may be a viable … Continue reading

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