We have all heard a great deal of talk about simplifying the tax code. The prospect of filing your annual income tax returns on a post card must make many of you smile. Considering my position as tax advisor here… Read More

The disturbing testimony before Congress demonstrates the error in allowing the IRS to remain a self-governing body. The checks and balances that are in place for many other governmental bodies either do not exist for the IRS or are done… Read More

It sure looks like it will happen this year. The latest proposal we have seen is to lower the maximum capital gains tax rate to 20%, down from 28%. For people in the 15% bracket the capital gains rate would… Read More

The Small Business Job Protection Act of 1996 provides a number of new planning opportunities. Beginning in 1997, a married couple will be able to contribute $2,000 to each of their IRA accounts, even if one spouse doesn’t work. Previously, the… Read More