Reuters Money

Will businesses take advantage of tax rules to buy new equipment?

December 27, 2010

An employee at Glen Raven's Anderson, South Carolina mill checks the quality of completed fabric in this photo taken June 14, 2010.  If you run a business, and haven’t been paying attention to the depreciation rules in the tax bill, now’s the time to take a look as there are quite substantial tax incentives for buying new property that you can take advantage of this year and next only.

Death and Taxes: Year-end estate tax craziness

December 24, 2010

USnow covers the gravestones in Section 60 of Arlington National Cemetery in Virginia after sunset two days before Christmas day in Arlington, Virginia, December 23, 2009.Estate taxes affect very few people, but for those with seven- or eight-figure estates that are impacted, the end of this year is a crazy, crazy time.

From bagels to belt buckles: 2010’s craziest taxes

December 22, 2010

What are the oddest, quirkiest and downright weirdest tax laws of 2010?

According to the Onesource Tax & Accounting unit of Thomson Reuters, some of the year’s most unusual taxes include:

Estategate 2010: Battle over taxes likely to continue

December 22, 2010

A picture honoring the late owner of the New York Yankees George Steinbrenner stands in the lobby of Yankee Stadium before the Yankees' American League baseball game against the Tampa Bay Rays in New York, July 16, 2010.     REUTERS/Mike Segar What’s that old adage? Nothing is certain but death and taxes? Well, not in 2010.

Catapult the U.S. tax code from the Middle Ages

December 17, 2010

The dome of the US Capitol, where President Barack Obama will deliver his first address to a joint session of congress, is visible through a window on Capitol Hill in Washington, February 24, 2009.  REUTERS/Jonathan Ernst  The new tax bill just passed by Congress added a few more turrets to a hopelessly medieval fortress.

Savers, investors could profit from tax bill’s small print

December 13, 2010

That tax deal isn’t all about tax cuts for the rich and unemployment bennies for the unfortunate. There are some sweet provisions in there for the vast middle, too. Dig deeper than the headline-grabbing rates, and you’ll find provisions that can help savers and investors, as long as they know how to make the most of them.

Cut the government’s home modification program

December 10, 2010

A house for sale is pictured in Alexandria, Virginia March 22, 2010. REUTERS/Molly Riley The government’s Home Affordable Modification Program (HAMP) should be scrapped. It was flawed from the beginning and is not going to get much better in helping people keep their homes. It’s time to start over.

A closer look at the estate tax compromise

December 9, 2010

Lance Hall is the co-founder & President of FMV Opinions. The opinions expressed here are his own.

4 ways to protect yourself from higher estate taxes

December 9, 2010

Now that the Washington tax deal is law, most Americans don’t need to worry about estate taxes – so long as they don’t die in the next two years. The agreement between President Obama and Republican lawmakers ends the current uncertainty on estate taxes with an ultra-generous $5 million exemption per individual, with estates over that amount taxed at a 35 percent rate.

Taxes: How to stash the cash

December 9, 2010

Some year-end moves make sense regardless of where Washington goes with its on again-off again tax deal. The best of the crop are those arrangements that let you put away money for yourself and your family and get a tax break for doing so. That includes traditional IRAs, Roth IRAs (the break comes later, but it’s worth the wait), health savings accounts and college savings programs.