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How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

Posted in Tax News on February 15, 2012

Annual Exclusion Taxpayers are allowed to gift up to $13,000 per year to an unlimited number of people without having to file a gift tax return or pay a gift tax. If the amount goes over $13,000 to any one…

Tagged with: Annual Exclusion, Annual Gift Tax Exclusion, Books, College Tuition, Congress, Connecticut, CT, Donors, education expense, estate tax, Federal Estate Tax, Form 4868, Form 709, form ct-706/709, Gift, Gift Tax, Gift Tax Annual Exclusion, Gift Tax Return, Internal Revenue Service, IRS, Medical Expense, Room and Board, state, State of Connecticut, Tuition

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

Posted in Tax News on February 8, 2012

1) You have a “Specified Foreign Financial Asset” which exceeds the filing requirements Financial Assets that are subject to this form are: A Financial Account maintained by a foreign institution and the following assets not held in an account with…

Tagged with: extension, FBAR, Financial Asset, foregin institution, foreign account, foreign asset, Form 1040, Form 4868, form 8938, Form TD F 90-22.1, Income Tax, income tax extension, Income Tax Penalty, Internal Revenue Service, IRS, irs penalties, Married Couple, Married Filing Jointly, October 15th, Offshore Accounts, Penalty, Stock, Tax Penalty, Taxpayer, Treasury Department

How (And When) to File a Federal Gift Tax Return

Posted in Tax News on June 23, 2011

Form 709, is required to be filed if a gift is made to someone for more than $13,000 in one year. Gifts between spouses are not required to file. Gifts can be made to an unlimited number of people in…

Tagged with: Annual Gift Tax Exclusion, April 15th, Cash Securities, College, Connecticut, CT, estate tax, Federal Estate Tax, Form 4868, Form 709, Form 8892, Form CT-709, Gift Splitting, Gift Tax, Internal Revenue Service, IRS, Medical Expense, Personal Property, Real Estate, Tax Extension

Haven't Filed Your 2010 Tax Return Yet? File an Extension!

Posted in Tax News on April 6, 2011

It’s that time of year again….time to file your income tax return. What if you can’t get it done or don’t have all of your material to prepare it? File for an extension. To file an extension, complete Form 4868,…

Tagged with: 2010 Tax Return, April 18 2011, Connecticut, CT, Form 4868, Form CT-1040-Ext, ira, roth ira, Self-Employed, SEP, Simplified Employee Pension, Tax Extension, Tax Return, Taxpayer

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

How (And When) to File a Federal Gift Tax Return

Haven't Filed Your 2010 Tax Return Yet? File an Extension!

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Latest News

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Get Free Tax Tips

Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

How (And When) to File a Federal Gift Tax Return

Haven't Filed Your 2010 Tax Return Yet? File an Extension!

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885