Maureen O'Leary Guth

The following two new taxes will take effect on January 1, 2013: 1. Investment Income Tax - A new 3.8% tax on investment income, and 2. Earned Income Tax - A new 0.9% tax on earned income Both of these taxes are imposed…more

Asset protection planning is a hot topic for many people. This article summarizes various asset protection planning strategies, short of filing for bankruptcy…more

Multiple member limited liability companies (“LLCs”) can be very useful tools for achieving asset protection . For this reason, individuals sometimes consider transferring their primary residence into an LLC. There…more

If you were the Trustee or a beneficiary of a generation-skipping trust in 2010, there are three types of generation-skipping transfer tax returns that you should be aware of: 1. IRS Form 706-GS(D-1): Notification of…more

Do you own any Universal Life, Variable Universal Life or Guaranteed Universal Life insurance policies? If you do, you may be able to increase the cash value in your policies simply by strategically timing your premium…more

In addition to the important estate and gift tax provisions of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “2010 Tax Act”), the Act also includes numerous provisions affecting federal…more

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “2010 Tax Act”) that was signed into law on December 17, 2010 includes provisions that significantly affect the administration…more

It has always been important to understand basis and track the basis of your assets, since you need to know the basis of any asset you sell or gift during your lifetime. However, changes to 2010 estate tax laws now require you…more