Key Health and Human Services Agency Issues Final Guidelines and Rules on Affordable Health Care (Obamacare) – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 17, 2013

A key federal agency, the U.S. Department of Health and Human Services (HHS), has issued final guidelines and rules on the Affordable Health Care Act aka as Obamacare. The guidelines and rules include: 1. Health insurance issuers for essential health benefits now have standards on how they should cover both inside and outside of the [...]

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In the Midst of Turbulent Times, Medical Device Companies Now Face Immense Penalty from New Medical Device Tax: IRC Section 4191 – Los Angeles Income Tax Planning and Asset Protection Plan Attorney Bruce Givner

by Bruce Givner on May 16, 2013

Facing current recall lawsuits that can have payoff settlements of millions and billions, many of the world’s medical device companies, such as Johnson & Johnson’s DePuy Orthopedics, Stryker, and Zimmer now face another costly and immense burden with the passage of the new medical device tax. Beginning January 1, 2013, a 2.3% excise tax was [...]

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Tax Court Case Shows Taxes Trump Tithing when Deciding a Tax Repayment Plan – Los Angeles Income Tax Planning and Asset Protection Plan Attorney Bruce Givner

by Bruce Givner on May 15, 2013

A recent Tax Court case that puts taxes over tithing has many in the religious community up in arms and lamenting that the federal tax authority is violating biblical law which requires “rendering unto Caesar only the things that are Caesar’s!” George Thompson did not dispute that he owed a federal tax debt of almost [...]

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Calculating the Pay for a Trust’s Trustee – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 14, 2013

Managing a trust of any kind can require a considerable amount of time. So individuals who are asked to act as a trust trustee will rightly ask, “How much will I get paid?” Most trusts do not spell out how much a trustee should be paid. However, most courts will authorize a trustee to receive [...]

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Understanding the Federal Tax Lien – Los Angeles Income Tax Planning and Income Tax Litigator Attorney Bruce Givner

by Bruce Givner on May 13, 2013

That celebrities, such as Brittney Spears, Snoop Dog, and Joe Francis, are being hit with a federal or state tax lien is not surprising news. However, while the tax problems of the rich and famous make top headlines, the reality is tax liens are filed every day on everyday folk. “A federal tax lien is [...]

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Tax Court Body Slams Former Bronco Linebacker, Bill Romanowski’s Over Horse Breeding Losses – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 10, 2013

The U.S. Tax Court has given former NFL linebacker, Bill Romanowski, a full body slam after disallowing his losses from horse breeding activities. While meeting with a lawyer regarding a real estate matter, Romanowski heard about the ClassicStar mare leasing program which bred its mares to Thoroughbreds to produce a valuable foal for investors. Interested, [...]

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Crossing Borders: A Primer On International Taxation For Individuals

by Bruce Givner on May 9, 2013

June 6th – Crossing Borders: A Primer On International Taxation For Individuals Bruce Givner, Esq. The Law Offices of Givner & Kaye, APC. Stay current in all matters of asset protection, estate planning and tax planning with our Thursday Insights. Receive free expert tax advice, tips and strategies to help you stay ahead of the [...]

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When Legal and Equitable Title to Transferred Funds Resides with the Transferee, the Transferred Funds are Recoverable to Satisfy a Bankruptcy Claim Filed by the Transferee – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 9, 2013

Dorothy Stutesman set up an account at Merrill Lynch. Though Mrs. Stutesman funded the account with her money, “to protect her money from scammers” and be eligible for Medicaid and other benefits, the account owner was her daughter Holly Woodworth. Although Ms. Stutesman was not a signatory to the Merrill Lynch account, she did have [...]

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After April 15th, Which Taxpayers are in Danger of an IRS Audit – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 8, 2013

Though the Internal Revenue Service (IRS) audits a little over 1% of all tax returns filed, for fiscal year 2012, the federal government’s tax service collected more than $50 billion in delinquent tax funds. So after the 2013 tax filing deadline hits on April 15th, exactly which taxpayers are in danger of an IRS audit. [...]

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IRS Tells Taxpayers that 2010 Roth Conversions may be Reportable on the 2012 Federal Tax Returns – Los Angeles Income Tax Planning and Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on May 7, 2013

The Internal Revenue Service (IRS) has reminded taxpayers who, in 2010, converted amounts to a Roth IRA or designated Roth account that they may have to report half of the resulting taxable income on their 2012 returns. A Roth IRA or account is a special type of retirement plan that generally does not get taxed [...]

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