If someone had mentioned an online vault to you years back, you wouldn't have had a clue what they were talking about, right?Now you likely would. Indeed, you might already be using such a computer-linked tool to store copies of various financial documents, such as...
Bay Area Estate And Tax Planning Law Firm
Month: September 2016
Heard of the so-called “nanny tax”? Might it affect you?
The Internal Revenue Service doesn't care who you use as a nanny or babysitter for your kids, but it does take more than a passing interest in what you're paying them.As in how much. As noted in a recent Accounting Today article, revenue agents don't do much more than...
An evolutionary path: same-sex marriage in the federal tax realm
At one time, of course, same-sex partners were not legally defined as married couples in any state of the country. Given that, many people found questions relating to same-sex couples and linked issues surrounding federal taxation to be both incomprehensible and...
Yet another example of the power and utility of trusts
Imagine that you're a California grandparent who dotes mightily on the grandkids. As clear evidence of your love, you have been steadily funding college saving plans for them, which have reaped gains over the years owing to their qualified status that protects them...
Hooray, you just won the lottery! Now pay the IRS.
If bells and buzzers started clanging seconds after you just pulled the lever on a slot machine, you're likely a bit jazzed about reality at the momentAlthough giddiness is understandable, so too is the need to take a breath, gather yourself and make sure that you...
How private is your tax return?
With this being an active campaigning year the subject of disclosure of tax returns has surfaced. The top runners for each party have sparred over transparency and the release to the public of their own tax returns.Currently Hillary Clinton has agreed to provide her...