Qualified State Tuition Programs as a Tax Shelter and Estate Planning Tool
- UPDATE ON THE TAX BENEFITS OF QSTPS. West, Ron // CPA Journal;Jul2001, Vol. 71 Issue 7, p13
Presents a chart on the changes made to the IRC section 529 Qualified State Tuition Programs by the United States Economic Growth and Tax Relief Reconciliation Act of 2001 in the United States. Changes in the law for eligible sponsors; Changes in the provisions for expenses covered; Changes in...
- IRS eases procedures for tuition fringe refunds. // CPA Journal;Dec96, Vol. 66 Issue 12, p16
Describes the procedures for tuition fringe refunds under the Small Business Jobs Protection Act of 1996. Retroactive extension of the tax exempt fringe provided by the US Internal Revenue Service's expired section 127; Opportunities to file tax refunds; Process of filing for a tax refund.
- Enterprise. // Enterprise/Salt Lake City;12/17/2001, Vol. 31 Issue 23, p22
Discusses issues related to taxation in the U.S. Creation of tuition tax credits for parents by the Republican state legislators; Improvement for the parents of school-age children; Collection of sales taxes on sales made by the Internet merchants.
- The taxonomist. McIntyre, Robert S. // American Prospect;3/27/2000, Vol. 11 Issue 10, p12
Presents news briefs related to taxation in the United States, as of March 27, 2000. Computation of the income tax threshold for a person or family in the country; Legislation introduced in Virginia that would provide tuition tax credits to parents who send their children to private K-12 schools.
- DO YOU KNOW WHAT YOUR MARGINAL RATE IS? How the Tax Bill Increases Taxes. Henderson, David R. // Fortune;9/8/1997, Vol. 136 Issue 5, p26
Presents information on the tax bill in the U.S. Discussion on marginal tax rates for certain middle and high-income people with children; Increase in marginal taxes; Details of the bill that are causing problems including the per-child tax credit and the HOPE tax credit for higher education;...
- Get 'extra credit' for your kids in college. // Small Business Tax Strategies;Oct2013, Vol. 8 Issue 10, p7
The article reports on the availability of the American Opportunity Tax Credit (AOTC) by the American Taxpayer Relief Act of 2012 (ATRA) through 2017. It mentions that $2,500 is the maximum AOTC and is available for undergraduate study up to four years for 2013. It states that the maximum...
- A User's Guide to Proposals to Replace the U.S. Tax System and Strangle Fiscal Policy. Buchanan, Neil H. // Journal of Economic Issues (Association for Evolutionary Economi;Fall99, Vol. 33 Issue 3, p505
This article provides descriptions of the four prototypes for extreme tax restructuring that have become popular in U.S. policy circles: direct consumption taxes, saving-exempt taxes, labor-income taxes, and simplified income taxes. Value-Added Taxes (VATs), common in Europe and elsewhere, are...
- Inequality and Taxes. Reynolds, Alan // CATO Policy Report;Sep2008, Vol. 30 Issue 5, p1
The article discusses the issue of income equality in the U.S. It states that the real after-tax income of the poorest one-fifth Americans increased 9 percent between 1979 and 2004 compared to the 69 percent of the richest one-fifth based on the Congressional Budget Office (CBO) findings....
- STUDY PLANS. J. P. // Entrepreneur;Jul2006, Vol. 34 Issue 7, p63
The article reports on the U.S. Internal Revenue System (IRS) rule that taxpayers can contribute to annual tuition costs without incurring estate and gift taxes. Schulte Roth and Zabel LLP law firm partner Susan C. Frunzi claims that the IRS rule clarifies that individuals can prepay tuition for...