By Kenneth H. Bridges, CPA, PFS June 2012
In late March of this year, the Georgia General Assembly passed legislation which replaced the annual “car tag tax” and sales tax on purchase of vehicles with a new title tax, increased …
By Kenneth H. Bridges, CPA, PFS March 2012
The Internal Revenue Code provides a variety of tax benefits for higher education expenses. Unfortunately, most of these are phased out for higher income taxpayers, making them unavailable for most of our …
By Kenneth H. Bridges, CPA, PFS March 2012
For those with sizable estates who are concerned about the potential for estate tax, 2012 may be the year to consider making a significant transfer of wealth to your heirs.
For 2012, …
By Kenneth H. Bridges, CPA, PFS August 2011
When discussing tax planning with our clients, we often use the terms “marginal tax rate” and “effective tax rate”. Marginal tax rate generally refers to the rate of tax to be incurred …
By Kenneth H. Bridges, CPA, PFS August 2011
In 1986, concerned with the erosion of the tax base from the proliferation of tax shelters, Congress enacted the “passive loss rules” which provide, in general, that the losses from rental activities …
By Kenneth H. Bridges, CPA, PFS August 2011
One of our clients recently forwarded us an e-mail (apparently originated by an attorney) warning that under new tax rules you will incur a tax of 3.8% on the sales price of …
By Kenneth H. Bridges, CPA, PFS March 2011
Unfortunately, many of our clients have residences which are worth less than what they paid for them, and in some cases worth less than the mortgage on them. This is especially true …
By Kenneth H. Bridges, CPA, PFS March 2011
Let’s assume you have a tract of land which could potentially be developed into a residential subdivision, but you don’t want to ever see the land developed, desiring for it to forever …
By Kenneth H. Bridges, CPA, PFS March 2011
As mentioned earlier in this newsletter, one of the hot-button issues today is the alternative minimum tax (“AMT”). The alternative minimum tax is a separate but parallel system to the regular income …
By Kenneth H. Bridges, CPA, PFS March 2011
With the corporate accounting scandals of the past few years and the bursting of the stock market bubble in 2000, stock options have lost some of the luster they held in the …