Whether you have multiple business interests, pieces of property, trusts, or other complicated financial questions, there are situations when dealing with finances requires a team of professionals. Those who find themselves looking for professional help have a number...
Finding Real Life Solutions To Your Tax Problem
Estate Taxes
Why the estate tax is still around today
If there are two constants in life, they are death and taxes. Even in death, there is an estate tax that may apply to things you leave behind. After all, as the old adage goes, you can’t take it with you. While this may be true, why would you want to leave money...
Valuation discounts may be ending if the IRS has its way
There may be more than six months to go before tax returns must be filed in April 2017, but it appears that battle lines are being drawn on how some wealthy, family business owners may reduce their estate taxes.According to a recent wsj.com article, new rules...
What expenses are tax deductible when administering an estate
If you are chosen to be an executor for an estate, it is largely a great honor. However, there are a number of responsibilities to be undertaken with regard to a deceased’s property. Part of that is handling (or hiring someone to handle) the administration of...
Estate administration costs that are tax deductible
Through a number of our posts we have addressed tax issues for individuals, there are some people who may encounter tax questions (and issues) that have nothing to do with their individual incomes. A perfect example of this class of tax questions involves taxes...
Tax matters continue to arise after death
If there’s one good thing about death, it means that your no longer have to deal with what are often complex and time consuming tax matters. This does not mean that taxes related to one’s estate completely disappear however. Instead, someone left behind...