by Christine | Jul 16, 2014 | Art, Estate Law, Estate Tax, Tax Law, Valuation |
New rules and enforcement guidelines may render these items not only illegal to export or import, but also unsalable within the United States. Valuing artwork is never an easy task. It gets all the more tricky with antiques composed of protected materials which cannot...
by Christine | Jun 4, 2014 | Federal Estate Tax, Tax Law |
What is the $5 million federal estate-tax exclusion, and how does it work? Now that "tax time" is over for many Americans, the subject of taxes may not come up as often. In fact, when it comes to the estate tax you may not think about it until you sit down...
by Christine | Oct 7, 2013 | Estate Law, Qualified Appraisal, Tax Law, Valuation |
What makes an appraisal “qualified,” says the Tax Court, is whether it provides sufficient information to enable the Internal Revenue Service to evaluate an appraiser’s methodology. When you give cash to charity, it is a pretty straightforward offering that holds a...
by Christine | Sep 26, 2013 | Capital Gains, Charity, Estate Law, Estate Planning, Tax Law |
Check out these strategies to bypass capital gains altogether or at least lessen the bite. Unless you've been paying close attention to capital gains and your expected 2013 tax, then you may not realize a potentially large "bite" until tax season. For...
by Christine | May 20, 2013 | Elder Care, Elder Law, Tax Law |
There was no contract, no invoice, and no evidence the family agreed to pay him anything. Sure, Anthony gave round-the-clock care. The family would have hired round-the-clock nurses if he hadn’t been there. If you find yourself taking on the responsibility of a...
by Christine | Feb 7, 2013 | ATRA 2012, Estate Law, Estate Planning, Family Limited Partnership, GRATs, Small Business, Tax Law |
The good news is that the New Year’s day passage of the American Taxpayer Relief Tax Act Of 2012 or ATRA ended 12 years of uncertainty about how much could pass tax free; what the tax will be on transfers above that amount; and even whether there would be an estate...
