...if your total tax liability is zero, you can file to get a refund. Therefore, people who normally don’t have to file tax returns will need to start filing tax...
...Section 2038 “bona fide sale” exception applied, so that the transferred assets were not subject to estate tax. The Tax Court agreed, holding that the LLC’s activities do not have...
...limited to homestead rebate tax allowances, tax deductions based on marital status or exemptions from realty transfer tax based on marital status”. This Act has vast tax implications affecting same...
...amount. Generally speaking, the longer period of time a taxpayer can defer the payment of the income tax due from the IRA and retirement assets, the more the taxpayer will...
...to reduce estate taxes is for a business owner to shift minority shares to family members before the owner retires, Patel says. The IRS taxes transfers of business shares among...
...can still do some limited planning without immediate tax consequences. Second, the trustee was able to stretch out the distributions from the IRA (and therefore stretch out the tax deferral...
...(both federal and state), the federal estate-tax return, the state death tax return (estate and inheritance), and the deceased’s final income tax return (federal and state). Taxes usually must be...
...become an essential element in the practice of Estate Planning Attorneys. Why? A Living Will permits the patient to communicate, in advance, the medical care decisions he or she would...
...higher marginal tax rates) on several years of RMDs lumped into a single year, the beneficiary must still pay the whopping 50% excise tax on the amounts that were not...
This great post comes from Jennifer N. Sawday of The California Estate Planning Blog. Her post is titled: Living Trusts Are Revocable And Not An Asset Protection Tool and describes...
...lawyer should be able to discuss knowledgeably the alternative forms of dispute resolution available to the client and to advise the client on which approach is most appropriate. Mediation has...
...benefits profile, a distribution plan, and the exploring of housing options. Planning the future of a child or adult with a disability is an enormous challenge. It requires specialized planning...
