• Reporting Losses from Hurricane Ian on Your Taxes

    Posted:

    As Florida continues to dig out from Hurricane Ian, we at O’Leary-Guth Law Office, S.C. wish those affected a speedy recovery. As a result of the storm, President Biden officially approved a disaster declaration in Florida...

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  • Avoid a Digital Death for Cryptocurrency

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    Estate planning in today’s modern world requires planning for not only traditional assets but also digital assets. To properly plan it is important that you let your estate planning attorney know what digital assets you own.

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  • A Common Misconception About Wills

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    A common misconception in estate planning is thinking that having a Will (and just a Will alone) allows an estate to avoid probate. This is not true. To the contrary, a Will is a probate document and is only used when an estate goes through probate. Additional estate planning is required if you w

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  • What is an "Ultimate Taker"?

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    A frequently asked question when discussing estate plans is "who will inherit my assets if all my named beneficiaries die before me?” Ultimate taker provisions direct who would receive your assets in a doomsday scenario. We all hope that ultimate taker provisions will never be needed, but it is impo

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  • Letter from the IRS? Stay Calm and Carry On

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    Receiving a tax notice from the IRS can cause your heart to skip a beat, but it shouldn’t. The IRS computer systems automatically generate many types of letters, and often are sent in error. So, if you get a letter from the IRS, there’s no need to panic. Instead, stay calm and carry on as follows.

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