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Here are your Articles for January 14, 2016. We hope you find them helpful.
We have exciting new things happening at GMG CPA starting with our new website which you can see at www.gmg-cpa.com.  You will find information about all our staff, client testimonials (if you'd like to give us a testimonial please do, it will be greatly appreciated), new resources and our blog.


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While you are checking out our new website, be sure to look at our summary of the 2015 tax law changes recently signed into law at www.gmg-cpa.com/gmg-blog/2016/december-tax-changes


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Acting as the executor or personal representative for an estate is a big responsibility. Here's an overview of some new tax developments that executors and personal representatives need to know about to avoid mistakes that can potentially be costly to the estate — and themselves.
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The alternative minimum tax (AMT) rules are among the most misunderstood provisions of the Internal Revenue Code. Many people mistakenly believe the AMT applies to only higher-income taxpayers. But over the years, it has begun to affect upper-middle-income households, too. Here are some strategies for minimizing the AMT.

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Trustees are vested with significant fiduciary responsibilities. They must cautiously administer trusts to avoid being held personally responsible for breaching their duties. Here are some principles that can help a trustee remain on the right side of the terms of a trust and avoid allegations of wrongdoing.
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A living trust is one way to ensure your assets are distributed as you planned, after you are gone. While it has advantages over the use of a will -- including the fact that it avoids probate -- a living trust is not right in every case. Read on to get a better understanding of when a living trust is the right choice and also to learn when the drawbacks of this type of instrument are.
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Momentum fading for global economic growth and inflation: poll
Reuters.com - Thu, 14 Jan 2016 14:58:58 GMT

Renault searched in emissions probe, says no sign of defeat devices
Reuters.com - Thu, 14 Jan 2016 14:53:47 GMT

Daimler boss criticizes VW over emissions scandal
Reuters.com - Thu, 14 Jan 2016 14:49:17 GMT

Best Buy lowers sales outlook after holiday sales drop
Reuters.com - Thu, 14 Jan 2016 14:37:37 GMT

Wall Street opens higher, helped by JPMorgan, oil
Reuters.com - Thu, 14 Jan 2016 14:35:21 GMT

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