A house is more than a home: It is an investment. Chances are good that the value of the home will change from the time you purchase it to the time you sell it. California's foreclosure crisis aside, most of us believe that the value will go up so we can make a...
Bay Area Estate And Tax Planning Law Firm
Month: July 2014
There is a taxpayer advocate, and she’s set TAS’ 2015 priorities p2
When we left off in our last post, we were discussing the Taxpayer Advocate Service's first annual report to Congress. This report, one of two prepared by TAS every year, outlines the office's priorities for the 2015 federal fiscal year.Perhaps the most important item...
There is a taxpayer advocate, and she’s set TAS’ 2015 priorities
It may feel as if the IRS and the federal government are in league against American taxpayers at times. The rules change, new taxes appear and old taxes expire -- when taxpayers expire, in fact, they still have to pay taxes. There is an agency that watches out for...
As women approach retirement, the 77 cent wage gap gets scarier p2
As we said in our last post, we do have a point, and it is this: Women earn less than men, and that has a direct impact on their retirement and estate planning. Nationwide, women earn about $16,000 a year after age 65. Men? Men earn almost $27,000. While working,...
As women approach retirement, the 77 cent wage gap gets scarier
Change is slow, says the Institute for Women's Policy Research, especially when it comes to closing the gender wage gap. Considering how much progress the country has made since the Equal Pay Act was passed 50 years ago, the IWPR figures we will finally reach our goal...
No need to put off compliance with foreign asset rules, IRS says p4
We have been talking about offshore assets and some changes the IRS has made to reporting procedures. The best idea is always to report any foreign assets you hold with your annual tax return. The IRS has not been doing such a great job of enforcing that, though, so...