ASSET a Target of the IRS in Ohio? Estate Tax Coalition Inquiry
Washington DC – In May of 2011 ASSET received a letter from the IRS in Cincinnati Ohio asking about our activities. At the time we did not think much of the inquiry because we were relatively new to the non-profit 501(c) 4 community. Today, we believe we may have been targeted. We are making inquiries. [...]
Estate Tax and College Students? We Better Wake Up
With Congress failing to come to a budget compromise over and over again, the American people are becoming frustrated. Young people, in particular, begin to feel that their government is not working for them and decide to block it out. Young people cannot afford to not care. Literally. As my colleagues and I begin to [...]
Summary of Estate Tax References in JCT Report to Congress
Below is a summary of the estate tax references in the index of the 586 page report from the JCT to the Ways & Means Committee for the Tax Reform Working Groups. Summary Estate Tax References from Index in JCT Report to Ways & Means on Working Group Submission Index Group Summary 14 Overview of [...]
ASSET Included in JCT/Ways & Means Tax Reform Working Group Report
Washington DC – In estate tax news the Americans Standing for the Simplification of the Estate Tax (ASSET) commends Chairman Dave Camp & the Ways & Means Committee and the Joint Committee on Taxation on the release of their Joint Committee on Taxation Tax Reform Working Group Report. The ASSET plan for change in estate tax [...]
Estate Tax News: ASSET Reaches Ways & Means Working Group on Tax Reform
Washington DC – As part of Comprehensive Tax Reform, the Ways & Means Committee has formed Working Groups for various topics on tax reform. Since the estate tax is not part of any single working group, ASSET has been reaching out to the Chair and Vice Chair of several working groups to help make sure [...]
Estate Tax News: Back to the Future Is Not Good Tax Policy
In the blockbuster movie “Back to the Future” the star uses a device called a “flux capacitor” to travel back in time. Today the President uses his version of the flux capacitor also known as his 2013 budget proposal where he’s calling for an increase in the estate tax to the 2009 level of 45% [...]
ASSET Applauds Small Business Committee For Hearing on Tax Reform
ASSET offers solution in testimony for small business on estate tax to curb job losses. Washington, DC – April 9, 2013 The U.S. House Small Business Committee is holding a hearing on ideas for simplifying the tax code and the need to address the estate tax and its impact on small businesses on Wednesday, April [...]
Estate Tax News: Scalpel vs. Hatchet: American Job Creators Need Better Tax Tools
Washington DC – by Rob Smith, ASSET, Americans Standing for the Simplification of the Estate Tax At a recent Senate hearing, Finance Chairman Senator Max Baucus made illuminating statements that echo the calls for tax reform in the House of Representatives, while laying out goals for the Senate Finance Committee for 2013. Senator Baucus wrote, [...]
In Estate Tax News ASSET Offers The Possible
The ASSET change in how an estate tax is collected preserves U.S. jobs, eliminates death as a taxable occurrence and makes it more attractive to pay an estate tax than to pay to avoid it. From 1960 to 2009, the estate and gift tax raised just 1.2% of all IRS revenue, but has caused a [...]
On the Hill: Estate Tax in a Divided Congress…the Possible
Washington DC – Jack Fitzgerald, business owner and founder of Americans Standing for the Simplification of the Estate tax kicked off a legislative education series for the Center for Freedom and Prosperity for the 113thCongress by leading a briefing on Capitol Hill today about the ASSET solution to the estate tax. “Leave it to [...]