Estate And Tax Planning Law Firm
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,...
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...
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...
Some people have an ear for languages. They can visit a foreign country and be conversant in a matter of days. For others, foreign languages remain a mystery, if not a misery. Those French, as a friend of ours used to say, have a different word for everything. Tax law...
Sometimes it is important to closely consider whose interests are being promoted in an estate plan. It is obvious, for starters, that the individual or couple engaged in thinking about and implementing a sound and purposeful estate plan are promoting objectives that...
Symbolic but meaningful. That’s the message the Internal Revenue Service is seeking to convey to taxpayers in California and nationally regarding its recently released “Taxpayer Bill of Rights.” Do we really need such a thing? Apparently so, given the sheer degree to...
The Internal Revenue Service's position on digital currency such as Bitcoin continues to evolve. As we discussed previously, the IRS issued a decision in March to categorize Bitcoin as taxable property and not official currency. While Bitcoin essentially functions as...
When we were talking about IRS audits a few weeks ago, we mentioned that audits are no longer random. The IRS has filters in place that flag tax returns that fall outside of the norm or include information that requires a closer look. One example was a return that...
One of the disadvantages of being a celebrity is that you have no privacy. One of the disadvantages to being a celebrity living in California is that court records are much easier to come by. Divorces are not sealed, for example, except in rare situations. Reporters...
We are picking up where we left off (here) with our discussion of the lawsuits over Hollywood legend Mickey Rooney's will. When Rooney died in April, his widow, Jan, told the press she had not seen him for a year. It seems the couple had separated after Rooney accused...
