by Christine | Apr 16, 2013 | Estate Tax, Estate Tax Returns, Tax Season |
The IRS' focus on estate tax returns resulted in the collection of $1.1 million more in additional tax revenue for the 2011 tax year. Nobody wants to hear from the IRS …and I mean nobody. Typically the IRS would only contact you for an audit, which is never good...
by Christine | Mar 5, 2013 | ATRA 2012, Estate Law, Estate Tax |
"Everybody should think about their estate regardless of the level of assets," says Barry Fischman, a partner at accounting firm Marcum. "The biggest hurdle is psychological. People say, ‘I'm not ready to do anything. I want to maintain control...
by Christine | Feb 14, 2013 | Death Tax, Estate Tax, Federal Estate Tax, GIfting, Inheritance Tax |
The good news is the estate tax won’t apply to as many business owners as we feared; the bad news is that when it applies, it has a nasty sting. Over the past several years, we’ve seen estate taxes go through many alterations. We’ve seen changed exemption amounts, a...
by Christine | Jan 11, 2013 | Capital Gains, Estate Tax, Fiscal Cliff |
They didn't get what they wanted …. But they got what they needed. Is it true that for a real compromise to take place, everyone has to walk away a bit unhappy? If so, then the American Taxpayer Relief Act passed by Congress was the truest of compromises. While no...
by Christine | Jan 8, 2013 | Estate Tax, Fiscal Cliff, Gift Tax |
Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day later. Remember all that...
by Christine | Dec 26, 2012 | 2012, Estate Tax, Estates, Tax Planning, Taxes |
The good news: There was no Mayan apocalypse.The bad news: You didn’t win the Powerball. This past year will undoubtedly be remembered for several important events – the Supreme Court’s decision upholding Obamacare, the London Olympics and the reelection...
