Tax

3.8% Medicare Surtax Will Add Selling Pressure In The Stock Market And Make Life Insurance And Annuities More Popular, Says Keebler

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by agluck     August 05, 2012      0.0 (0) The 3.8% surtax is likely to add selling pressure in the stock market in the near-term and make life insurance and annuities more popular for the long-term. Those were just two of the emerging trends that will be reshaping the wealth management landscape for high-net-worth individuals in the months ahead, according to comments at a webinar last F

Reminder: 60-Day Rollover Not Available To Inherited IRAs

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by robertkeebler     July 27, 2012      0.0 (0) A recent summary decision by the U.S. Tax Court serves as a reminder that inherited IRAs are not allowed the 60-day rollover period. Instead, once funds have left an inherited IRA, they cannot be placed back in, and they become subject to ordinary income tax.

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IRS: Self Employed Can Deduct Medicare Premiums

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by robertkeebler     July 18, 2012      0.0 (0) The IRS says Medicare premiums may be deducted under IRC Section 162(l) for coverage of the self-employed individual’s spouse, dependent or a child (as defined in section 152(f)(1) who as of the end of the taxable year has not attained age 27). In Chief Counsel Advise (CCA) Memorandum 201228037, issued on July 13, 2012, the IRS sa

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Nine Key Tax Rules That Will Affect Advisor Clients Now That The Supreme Court Upheld The Affordable Health Care Act

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by robertkeebler     June 28, 2012      0.0 (0) How will the Supreme Court decision upholding the health care bill affect your clients? Here are the nine key tax rules that financial advisors need to know about.

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Keebler & Associates Client Receives Favorable 60-Day Ruling

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by robertkeebler     June 07, 2012      0.0 (0) In PLR 201221036, the Internal Revenue Service addressed whether an attempted IRA rollover was a distribution since more than 60 days passed between the distribution and deposit into the new account.  The IRS granted a waiver to a Taxpayer who withdrew funds from his IRA to rollover to an account with a better interest rate, only to bec

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