I have scheduled another basic estate planning seminar for Thursday, September 13, 2012. I hope to have two separate times available for this date: 2:30 and 7:00 And it should be said that we take good care of the four-legged members of cialis 20 mg our family. In addition, some patients are not suitable generic cialis price for kidney transplant. The occurrence of the impotence is being noted so buy viagra online http://ronaldgreenwaldmd.com/patient-testimonial-submission/ widely that every 6 men out of 10 suffer with impotence. If we see the use of the sufficient information and according to the given guidelines they need to fill up the fields within the request form. generic cialis from india pm.

If you are interested, then please let me know so I can reserve you a spot. I hope to have up to 40 people at each event.

Another tax from the Affordable Care Act (Obamacare) will go into effect on January 1, 2013 and it may have an impact on the middle class and those grieving a loss of a loved one. As part of the funding mechanism for benefits, Congress imposed a 3.8% Medicare surtax on passive income if an individual makes more than $200,000 or $250,000 for a couple, or what will be the highest marginal tax bracket for the taxpayer. The surtax is imposed on passive income, when previously, Medicare and Social Security were only imposed on earned wages.

How does this affect trusts? Well, since a trust or estate cannot income, prior to January 1, 2013, the entity was exempt from any of these “payroll taxes”. Under the law, though, the passive income (investments, interest, etc.) will be subject to the additional surtax when the trust or estate reaches the highest marginal rate at $12,000.
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It is fairly easy to plan around paying income taxes through a trust or estate, but those without proper planning may find that the legacy left to them by their loved ones subject to up to nearly 50% in taxes when Oklahoma taxation is included. This is after estate taxes of up to 55% are taken out. If you want to plan for these taxes, then call my office to set up an appointment.

I am still in the process of taking clients for tax return preparation next year. If you have questions or would like to set up an appointment to discuss your tax needs, please do not hesitate to contact me.

As with estate planning, the best way to ensure you are prepared for next year’s taxes is with proper planning now while you still have time to make deductions, or accelerate income or expenses.

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In what may be a case of fraud or may just reflect the amount of people here working under Individual Taxpayer Identification Numbers (ITIN), the IRS issued the largest amount of refunds to individuals who do not report under Social Security numbers this past year.

For individuals who are citizens, all tax reporting is required under his or her individual SSN. If the individual is unable to qualify for a SSN, he or she can apply for a ITIN. The case for fraud arises because, according to a report by the Treasury Inspector General for Tax Administration, there are not enough safeguards in place to ensure these numbers are correct. In fact, in a recent report, it was stated that IRS supervisors were urging agents to ignore potential fraud in a program that reviews and verifies applications for ITINs.
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Just another case to show that our tax system is broken and you need to ensure you have proper planning to prevent unnecessary payments into a system that isn’t tracking payments as it should.

I am pleased to announce that I was selected for the Oklahoma Agricultural Leadership Program (OALP) 2012 – 2014 class. The OALP is a program ran through Oklahoma State University that seeks to gather future leaders for the state’s agricultural and related businesses. I am glad to accept this honor and will represent southwest Oklahoma well as the first estate planning and tax attorney from Altus (and possibly the whole state) to try to tie in knowledge of tax planning and lawyer skills with shaping the future of agriculture.

Our class will be taking regional trips throughout Oklahoma to learn of agricultural production in different parts of the state as well as an international trip. The location of the international trip has not yet been announced, so stay tuned for updates on where it will be.
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Other notable alumni from the Altus area are: Sen. Mike Schulz, Matt Muller, Keeff Felty, Rodger Kerr, Kyle Dorton, Monty Thornbrough, and Mark Holder.