There are a thousand reasons people fall behind on their taxes. There are medical emergencies; loved ones unexpectedly pass away; car and house repairs drain the savings account -- it can be anything that wipes you out financially or even emotionally. And for some of...
Estate And Tax Planning Law Firm
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When the IRS comes calling, answer with your attorney
Any person who has had to deal directly with the IRS likely knows that it can be a scary and stressful experience. In fact, even people who have never gone through anything like an audit probably know that dealings with the IRS are generally something they want to...
Plain as the nose on your face: Don’t miss common tax deductions
There are so many moving parts to an income tax return that it can be hard to keep track of everything. It isn't unusual for the average taxpayer to be distracted by the difficult details and to miss the easy ones. In some ways, preparing a tax return is like taking a...
What is an ‘executor’ and how do I choose one?
If you’ve never gone through the process of estate planning, some of the terms you hear can sound unfamiliar and even scary. But as with many things in life, a simple explanation can resolve much of the mystery and fear.In today’s post, we’ll discuss...
What is the human element of estate planning?
The majority of parents care a great deal about whether or not their children grow into adults who are defined by character and integrity. Unfortunately, the foundation of “The American Dream” and the most general focus of estate planning processes can...
Considering an end-of-year charitable gift? Tips from the IRS
Charitable giving is important all year 'round, but it's often this time of year when we receive the vast majority of solicitations. Why? Well, charities know that if you're in the position to itemize, you may be looking for a few more deductions to offset some gains...
Are there estate planning tasks that naturally fall at year-end?
Love and marriage, soup and sandwiches, tax planning and estate planning -- some things just naturally go together, and now is a good time to sit down and look all of it over. Just before the holidays may be an especially good time to review an estate plan. Some of us...
Weil case illustrates important point about holdings overseas
There's a very good chance that you haven't heard of Raoul Weil, but the tax evasion case that he was wrapped up in likely had a major impact on every U.S. citizen who keeps money overseas. Weil was a former executive at UBS -- a financial giant in Switzerland -- and...
Thinking about amending a trust?
If you have created a trust, you have already taken steps to ensure that your financial wishes are executed in the ways you believe they should be. But simply because you have created a trust does not mean that your wishes cannot change. Life events such as marriage,...
The uncivil nature of civil forfeiture: People, businesses suffer
Was it 9/11 or the financial meltdown and recession that put more small businesses in the IRS's crosshairs? A mere sideways look from the agency can cost a small business more time, money and credibility than most can afford -- even if the business has done nothing...
