Telemus Capital Market Commentary: Greek Debt Restructuring, Domestic Jobs Growth & Current Market ConditionsPosted on March 09, 2012
It’s done! It’s done? It’s done. We aren’t quite sure how to best characterize the completion of the Greek debt restructuring, but we’re relieved that it is at least temporarily over. In present value terms existing holders of Greek debt took approximately 75% losses on their bonds. The goal was to get bondholders to agree to the losses in the hopes of avoiding a technical default. Unfortunately, the International Swaps and Derivatives Association has deemed this to be an actual default.
Bernie Kent's Forbes.com Blog Post: "Why You Need To Do Your Year-end Capital Gains Tax Planning Now"Posted on March 14, 2012
I usually advise investors to wait until yearend before making any tax motivated decisions regarding capital gain or loss recognition. Tax law changes at the end of the year could affect the rates for the current and/or subsequent years. Also, capital gains and losses could be dramatically affected by market forces during the year. These factors become clearer as yearend approaches. This year may be different. Potentially significant changes in the tax rate on capital gains after 2012 suggest a more proactive capital gains strategy starting now.
Posted on March 19, 2012
Taxpayers and their accountants are in the middle of “Busy Season” and one of the messages they are hearing is that even ignoring the unknown and potential income tax law changes that may come about later this year, clients need to plan for the “Medicare surtax” that will come into play in 2013. As you know Obamacare was in part funded by the passage of increased payroll and Medicare/income taxes that become effective in 2013.
Posted on March 20, 2012
Is it déjà vu and will 2012 be a repeat of 2010? It was less than two years ago when the United States Congress, faced with an election year and a pre-mandated reversion of the tax laws to those in place in 2001, “kicked the can” down the road and extended the Bush tax cuts to 2013. In the process of avoiding the politics associated with meaningful tax reform, Congress actually temporarily made more favorable the estate tax laws with the caveat that these also would be subject to the 2013 sunset reversion.
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