Elder Fraud

The following is an article I thought you might find helpful in protecting you or your parents from fraud. Warning your aging Parents - Article at Forbes

Tax Issues for Wealthy Taxpayers

There are a number of tax issues that seem to face our wealthier taxpayers. Following are a list of these taxes. Knowing these exist will help you better understand how to manage your taxes. Phase Out of tax breaks: As your income rises, you phase out on your itemized deductions, personal exemptions and dependency exemptions. Additional taxes: An additional .9% Medicare tax is due on earned income above $200,000 for single filers and $250,000 married. An additional 3.8% tax is due on net investment income. This creates a maximum tax rate for our high income taxpayers on capital gains of over 24%. Foreign Assets: All clients have a requirement to report foreign held accounts. However, this