The House Ways and Means Committee was set to consider legislation on June 18 introduced the previous day by Chairman Charles Rangel (D-NY) that would protect middle-class families from the alternative minimum tax (AMT) this year. The bill, the Alternative Minimum Tax Relief Act of 2008 (H.R. 6275), would ensure “that the number of taxpayers subject to the AMT will not increase,” according to a committee release.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The nonprofit world has changed dramatically in the three decades since Form 990 was last updated.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Many taxpayers and even their advisors may be unaware that recent tax code changes now provide for an accelerated depreciation deduction beyond that which is included in IRC sections 168, 179, and 1400. By using a technique called cost segregation, you can take advantage of these changes on behalf of your clients. The technique provides benefits in the areas of income tax, property tax, insurance, and more. Since cost segregation is based on depreciation, let’s first review how depreciation works.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The two leading retail corporate bond platforms are about to merge. Incapital announced February 10 that it has entered into a definitive agreement with Bank of America to acquire its LaSalle Broker Dealer Services Division.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

A flurry of last-minute legislative action by the 110th Congress included a bill that postpones by a year expansion of the alternative minimum tax to millions of taxpayers—from four million to 25 million, according to the White House, which said President Bush would sign the bill.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The Senate approved legislation December 6 designed to shield some 19 million American families from being hit by the alternative minimum tax (AMT) this year.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

No one need be extremely wealthy anymore to participate in charitable giving through donor advised funds (DAFs), but they can be, and some participants have endowed their DAFs with enough assets to easily support a foundation. Yet donor advised funds have become so easy to use, so liberal in what they accept as donated assets, and so great at helping donors vet organizations they’d like to gift to, that it’s tempting to abandon the idea of a foundation altogether.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The U.S. House of Representatives today passed by a vote of 216-193 H.R. 3996, the Temporary Tax Relief Act of 2007, which would ensure that no additional taxpayers pay the AMT this year. The bill would also extend popular tax credits and deductions such as the deduction for state and local sales tax, tuition, out-of-pocket expenses for teachers and research and development that would otherwise expire at the end of the year.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

As we enter the final quarter of 2007, it is a good time for tax advisors, and financial planners who work with tax advisors on behalf of their clients, to review and understand some of the post-filing functions of the Internal Revenue Service (IRS), particularly those activities relating to appeals and examinations, that can impact clients throughout the year.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Thirty million Americans would be saved from the Alternative Minimum Tax (AMT) under a bill that was introduced by House Republicans October 11, its sponsors say.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The primary goal of the Internal Revenue Service is to collect the taxes that are owed to the federal government under current tax law. Reducing the difference between taxes legally owed and taxes actually paid in a timely manner— referred to as the “tax gap”—is a key objective of the IRS’s collection and examination efforts.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Congress's original intention when it created the Alternative Minimum Tax, was to make sure that the wealthiest Americans weren't able to combine so many exemptions or deductions that they ended up paying little or no income taxes. In a study released today, the Tax Foundation lays out a revenue-neutral plan to restore the AMT to its original role.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Senators Max Baucus (D-Montana) and Chuck Grassley (R-Iowa) introduced legislation June 14 that would tax as corporations all publicly traded partnerships that directly or indirectly derive income from investment adviser or asset management services.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

In recent years, the country has seen a significant shift with regard to retirement, placing the onus on employees to rely on self-funded defined contribution and other qualified plans, such as 401(k)s, instead of pensions that may guarantee payments to retirees for life. Nonqualified benefit plans are great opportunities for executives and highly compensated employees who have maximized their qualified plan contributions and are looking for additional benefits to stimulate retirement savings. These benefit plans are also attractive recruiting and retention tools for employers.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com