Avoid Probate (Avoid Probate – This is a small subchapter on how to avoid probate from my book Protecting Your Financial Future.) Here is how to avoid probate. When your bank account is owned by your trust, i.e., it is in the name of your trust, and
Adjusted gross income or “AGI” is the most important concept you need to understand in order to control your tax bill. Most people haven’t really ever heard the term “adjusted gross income,” and their CPA has never sat them down to explain it. Adjusted gross income is
Alternative Minimum Tax Returns The alternative minimum tax (AMT) is coming back with a vengeance in 2012. In 2011, a couple filing jointly didn’t have to worry about the alternative minimum tax until they hit an adjusted gross income of over $74,000 In 2012, the alternative minimum
Olympic tax tips are needed for the medal winners returning to the United States. Otherwise, existing tax laws will temper some of the joy. According to U. S. Tax Law, medalists will have to pay taxes both on their prize earnings and the value of their medal.
