Estate And Tax Planning Law Firm
Most Americans well note the investigatory power and enforcement clout of the Internal Revenue Service. Indeed, many millions of people go into heightened-stress mode whenever they think of the IRS.And, interestingly, that includes legions of filers in California and...
In short yes. In January 2016 a new law was enacted that allows the Internal Revenue Service (IRS) to rescind your passport if you owe more than $50,000 in taxes.This number may seem like a lot of money until you take into account penalties and interest. This IRS tax...
Although a commentator in a recent media article on IRS whistleblowing calls a United States Tax Court ruling "good news," that sentiment is certainly not universally shared.And it's especially not endorsed if you're an individual or business enterprise that suddenly...
OK, a suitable preface to today's blog post is certainly an up-and-front disclaimer that its subject matter is not exactly egalitarian.That is, what follows is not going to readily apply to most readers of this or any other tax blog. Nonetheless, we believe that the...
In the immediate aftermath of a prolonged and particularly acrimonious divorce, it's not uncommon for people to vow that they will never remarry, as they simply wouldn't want to put themselves or their children at risk of having to endure the experience all over...
It is certainly no secret that the Internal Revenue Service has had a sharp and unwavering spotlight on American taxpayers with foreign assets and accounts over the past few years. Media stories have been replete with tales featuring the acronyms FBAR and FATCA, and...
How much can I give and not pay taxes?For year 2015 California residents may give up to $5.43 million in inheritance money without having to pay taxes on it. If your estate exceeds that amount the estate tax rate is 40 percent. Does this amount change?You...
Probate is a term readers have probably heard at some point. The term refers primarily to the process of establishing the validity of a will, but also refers to the process of administering the will. Probate defaults as a court-supervised process that involves...
"We need to talk."That succinct and quickly conveyed prompt -- from either adult children to parents or from the latter to their kids -- might essentially be all that's needed to shake off inertia and family reticence regarding a centrally important matter. And that...
Just consider for a moment who's sitting on the other side of the table from you if you're cloistered in a room with an Internal Revenue Service employee undergoing a tax examination. First, let's call that event what it really is: an audit. And, while you are a lay...
