Watch Out Reggie Bush…the IRS plays a mad defense!

In Tax Planning by Daniel Friedel

With College Football Season right around the corner, I can’t help but wonder how much collateral damage has been caused by USC’s flagrant NCAA rule violations and what measures (if any) are Universities taking to avoid joining USC in their fall from glory. The NCAA seems to be making an example out of USC’s violations by hitting them with severe …

Estate Plan Anxiety?? Join the Club…

In Estate Planning by Daniel Friedel

Many people seem to avoid estate planning either because we do not want to think about death (particularly our own) or we do not want to think about all the paperwork, emotion, and flat-out hassle involved.  It’s kind of like digging out and organizing all your tax information for the year to bring to your CPA…but worse.  Your CPA only …

Income Tax Planning Basics for 2010

In Tax Planning by Daniel Friedel

With a substantial portion of provisions in the Internal Revenue Code (Code) set to expire the end of this year, I am strongly encouraging my clients to take advantage of the current tax planning opportunities available this year.  In the midst of the over sensationalized estate tax repeal and first-time homebuyer credit, the Code provides numerous other tax benefits that …

2010 Federal Tax Rates

In Tax Planning by Daniel Friedel

INTERNAL REVENUE CODE § 1. Tax imposed a)  Married individuals filing joint returns and surviving spouses – There is hereby imposed on the taxable income of— (1)  Every married individual who makes a single return jointly with his spouse, and (2)  Every surviving spouse, a tax determined in accordance with the following table: Taxable income is: The tax is: Not over …

Understanding Estate Planning Terms

In Estate Planning by Daniel Friedel

In order to take charge of your health, wealth and ultimately your estate, you should become familiar with the terminology: Inter Vivos Trust (IVT) – An IVT allows you to maintain possession and control of your property, providing a smooth transfer of authority in the event of incapacity or death.  At such time, your designated co-trustee (often an heir or …

Incorporating Life and Wealth Tax Planning into your Estate Plan

In Estate Planning by Daniel Friedel

What are Life and Wealth Plans? Although many “estate plans” merely include a will, I encourage my clients to incorporate a life and wealth plan into their estate plan.  Because estate planning already requires an intensive analysis of your financial bottom-line, it creates a unique occasion to address life and wealth issues without incurring a significant amount of additional cost.  …

2009 Tax Planning – It’s not to late!

In Uncategorized by Daniel Friedel

As 2009 is quickly coming to an end, many taxpayers are looking for opportunities to minimize the money they will owe the IRS.  Considering the numerous taxpayer-friendly legislation implemented this year, I encourage you to assess your prospective tax situation (if you have not already done so) and consider some year-end tax planning. Here’s a review of the tax basics …

Welcome to TaxAttorneyFlorida.com!

In by Daniel Friedel

Hello, my name is Sarah E. Martello and I’m happy to write this first installment of TaxAttorneyFlorida.com! More to come!