Estate Tax Law Changes

Most people will not be affected by the current estate taxes because their estates don't fall into the range where their estate will be taxed.  The Middle Class Tax Relief Act that went into law on 12/17/10 is as follows:

2010 - Exemption $5,000,000 or $0 -- Tax Rate 35% or 0%
2011 - Exemption $5,000,000  -- Tax Rate 35%
2012 - Exemption $5,000,000 -- Tax Rate 35%
2013 - Exemption $1,000,000 -- Tax Rate 55%

Of course, all of this is subject to law changes but basically what it means it, you pay -0- estate taxes if your estate is below $5,000,000 which quite frankly is the vast majority of taxpayers.  The laws are quite complicated and I will be glad to discuss your specific situation with you.

Change in Withholding effective 1/1/11

Effective 1/1/11 the withholding rates for social security (FICA) is decreasing from 6.2% to 4.2% on the first $100,000 of wages ...  Please contact me if you have any questions on this.  You can get the actual tables from Notice 1036 on the IRS's website which is www.irs.gov.

IMPORTANT! Another Scam out There on Annual Corporate Reports

I pulled this right off of Sunbiz.org so you know it is a scam.  I knew it was the moment I saw it...and hopefully the Attorney General will stop this one before it does too much damage.....NEVER fall for an email asking you for personal information.  I am trying to figure out how they got the email addresses....

CONSUMER ALERT!   Arvitas, LLC is a private company sending e-mails to businesses in Florida offering to file annual reports.   ARVITAS IS NOT AN AGENT OR REPRESENTATIVE FOR THE FLORIDA DEPT. OF STATE, DIVISION OF CORPORATIONS.   Arvitas is acting on its own to solicit business for its own company.   It is offering to file annual reports for business entities in Florida at an inflated fee.   They do not offer any additional service than what is available to the public on sunbiz.org.   The Attorney General´s Office, on behalf of the Dept. of State, is currently legally pursuing Arvitas´ activities.