Posted:
In the not too distant past, federal estate taxes were imposed when a person with a net worth of more than $600,000 died. Under those circumstances it was common to use permanent insurance policies to...
Posted:
There are a number of ways for assets to receive a basis step up when someone dies without transferring outright ownership to the decedent. We would be pleased to discuss these opportunities with you. However, the lifetime exemption is set to decrease in 2026...
Posted:
Tax season is upon us and many of us are focused on tax return preparation. Here is a summary of some key filing deadlines to keep in mind for 2017 tax returns.
Posted:
The IRS issued a warning to taxpayers this week of a quickly growing scam involving erroneous tax refunds...
Posted:
The Tax Cuts and Jobs Act provides that a conversion of a traditional IRA, SEP or SIMPLE to a Roth IRA may no longer be recharacterized if the conversion occurs in 2018 or thereafter. However...
Posted:
It has been commonly reported that the Tax Cuts and Jobs Act doubled the lifetime exclusion for gift and estate taxes from $5.6 million to $11.2 million for single taxpayers and from $11.2 million to $22.4 million for couples. However...
Meet with a knowledgeable attorney who specializes in your area of law.