1) Go to Probate Court and Get Your Appointment A decedent will list their executor (or executrix) in their will. If the decedent did not name one or did not have a will, the court will appoint someone to…
1) Go to Probate Court and Get Your Appointment A decedent will list their executor (or executrix) in their will. If the decedent did not name one or did not have a will, the court will appoint someone to…
Taxpayers must pay their taxes “as they go.” For many taxpayers, their income taxes are withheld from their paychecks. For taxpayers that don’t have any withholding, they will need to make estimated tax payments.
For 2011 and 2012, the federal estate tax exclusion is $5 million. For taxable estates in excess of $5 million, the highest federal tax rate is 35%. If there are no changes to the law, the federal estate tax exclusion…
With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead. I think this deserves a closer look.
This is a familiar question a client or potential client will ask us. Some of the more common situations in need of a tax identification number are: Starting a business that will have employees Having a corporation Having a qualified…