Benefit of a Life Insurance Trust after the Repeal of NJ Estate Tax
As we get closer to the repeal of the New Jersey Estate Tax on January 1, 2018, it is important to remember […]
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Proposed Tax Policy By Republicans Would Enable Wealthy to Pass On A Massive Income Tax Deduction to Their Heirs Upon Death
As most of you know, I generally try to avoid political discussions and I really try to avoid commenting on proposed tax […]
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Requirement of Executors to Report Basis of Assets When Administering an Estate – FollowUp
The IRS has released new regulations that have extended the due date for filing Form 8971 to March 31, 2016. Executors and […]
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IRS FATCA Form 8938 and the FBAR Form TD F 90-22.1
For US citizens and US permanent residents, you must file Form 8938 (also known as the FATCA Form) if your overseas investment assets […]
Read moreFederal Estate and Gift Taxation of Deathbed Gifts
Often times, a person who is on his or her deathbed will wish to make gifts to family members. Gifts are usually […]
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Business Succession Planning: FLLC
Some of you may have seen these scary statistics: According to the U.S. Small Business Administration, 90 percent of the 21 million […]
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