|
| While Congress called the new 2003 tax cut package a $350 billion plan, the real impact will be far greater once future Congresses have to approve extensions of the many short-term provisions used in this bill. Chief among these are reductions in the capital gains tax, dividend tax cuts and the acceleration of earlier tax cut provisions. Tax planners have a potential bonanza in the Jobs and Growth Tax Relief Reconciliation Act of 2003. Many of the cuts are complex in nature and will require careful study and consideration. The special CCH Tax Briefing outlines tips, cautions and plain-English explanations of the tax changes and their impact on a range of taxpayers. CCH editors predict a "roller coaster of rate and other changes between now and 2010." |
|
Here are other CCH products that shed further light on this tax act and it's implications: |
Law, Explanation and Analysis of the Jobs and Growth Tax Relief Reconciliation Act of 2003
Explanation and Analysis of the Jobs and Growth Tax Relief Reconciliation Act of 2003
Conference Report on the Jobs and Growth Tax Relief Reconciliation Act of 2003
2003 Tax Act Seminar Presentation Kit
Kess on the 2003 Tax Legislation: Insights and Strategies—CPE Course and Law, Explanation and Analysis Book Bundle |
Was this article useful?
Send us your comments: CCH-FocusOnTax@cch.com |
|
|
College costs continue to rise faster than the general inflation rate and funding a college education has become a daunting challenge for parents and students alike. In the new CCH book, Education Savings Planning Guide, Including 529 Plans, Karen Schaeffer, CFP and James McCoy, CPA walk readers through the minefield of preparing for and funding college with good-sense approaches to saving that use tax-advantaged programs available to college savers. No option is left uncovered in this practical guide: 529 plans, student loans, financial aid programs and student contributions. The book is loaded with tips and realistic examples to help financial advisers give parents a fighting chance at paying for college while still working on other financial goals. The guide includes helpful resources such as checklists and datasheets to use in the education savings planning process. |
|
|
Related Titles to this Article: |
Tax Planning for Individuals and Small Businesses
Retirement Planning Guide
Asset Protection Planning Guide
|
Was this article useful?
Send us your comments: CCH-FocusOnTax@cch.com |
|
|
CCH author Seth Hammer brings a full toolbox to work when it comes to helping tax advisors and financial planners give their clients the best advice. He has a Ph.D. from the University of Pittsburgh, an MBA with a specialization in taxation from Baruch College, City University of New York, and advanced study in the real world. He is an associate professor of accounting at Towson University in Towson, MD. His new book, Investments and Taxes: A Practical Guide for Financial Advisors, is just what it says it is. The book is filled with examples, strategies, warnings and simple explanations of how tax and financial consultants can become heroes to their clients. Hammer helps readers master the tax implications of investment decisions and implement tax-wise financial strategies. |
|
Related Titles to this Article: |
Wealth Management: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients
Financial and Estate Planning Guide
How to Select and Use Mutual Funds
|
|
|
|
The IRS' issuance of Field Service Advisory 200226004 shows the Service has taken a close look at how corporations are using the worthless stock deduction under IRC Sec. 165(g). Careful corporate tax planners need to understand this latest advice from the IRS and look at it in light of the new temporary tax shelter disclosure and list maintenance regulations. Under new regulations, the IRS seems to be requiring corporations to make some form of disclosure each year regarding a broad range of transactions, notes Debra J. Bennett, the author of the Corporate Tax Watch column in TAXES: The Tax Magazine. It is just these regulations combined with a close look at worthless stock deductions that cause her to point out concerns for those who work with corporate taxes. |
|
|
Related Titles to this Article: |
Corporate Income Tax Refresher Course (2003 Edition)
Consolidated Returns Guide
Journal of Taxation of Corporate Transactions |
Was this article useful?
Send us your comments: CCH-FocusOnTax@cch.com |
|
|
Two recent IRS rulings (Rev. Rul. 2002-83 and LTR 200251008) show how closely the IRS looks at the form of a transaction to determine whether replacement property is considered as being acquired from a related party under IRC Sec. 1031. While Sec. 1031 has anti-abuse provisions, it also recognizes that some related-party exchanges are not abusive, according to Richard M. Lipton, J.D. of Baker & McKenzie, in a recent issue of the Journal of Passthrough Entities. It is the determination of what is and is not abusive that is central to the two revenue rulings examined by Lipton in his article. |
|
|
Related Titles to this Article: |
Real Estate Taxation: A Practitioner's Guide (3rd Edition)
Related Party Transactions and Structures: State Tax Issues
Pass-Through Entities Income Tax Refresher Course (2003 Edition)
|
Was this article useful?
Send us your comments: CCH-FocusOnTax@cch.com |
|
|
|
|
|
|
|
