Category: Taxpayer Relief Act

Taxpayer Relief Act

Tax Credits for Making Your Home Energy Efficient by Jeffrey Mutnik

Posted on April 08, 2013 by Jeffrey Mutnik

Taxpayers who added energy-efficiency to their homes in 2012 may qualify for credits. Adding certain energy-saving items to a US primary residence can create eligibility for a credit equal to 10 percent of the cost. Insulation, windows, doors and roofs are typical upgrades. For some items, the entire cost is eligible to be claimed, including […]

Estate Planning in the New Environment by Joseph L. Saka

Posted on March 26, 2013 by Joseph Saka

Many people with wealth to protect are sleeping better at night because their fortunes aren’t large enough to expose them to federal estate tax. But no one should close their eyes to the fact that, regardless of your income, estate planning remains an essential tool for protecting loved ones. The federal government has decided to […]

Impact of American Taxpayer Relief Act on Roth IRAs by Sean Deviney

Posted on January 31, 2013 by Richard Berkowitz

The American Taxpayer Relief Act passed by Congress in early January addresses conversions of pre-tax 401(k) accounts to Roth. Until now, participants in a 401(k) could not convert their pre-tax 401(k) account to a Roth 401(k) unless they qualified for a distributable event (i.e. termination of employment, age 65, etc.). The new tax law now […]

Preparing Small Business for the Fiscal Cliff by Kenneth Strauss

Posted on November 20, 2012

By Kenneth J. Strauss CPA/PFS CFP Director of Tax and Personal Financial Planning. Berkowitz Pollack Brant Advisors and Accountants Small-business owners across the country are on unsteady ground as they await word from Washington on how our government will tackle the record number of automatic tax increases and spending cuts that are set to take […]