by Arthur Geffen | Aug 1, 2016 | Estate Tax
In the first decade of the new millennium, many Americans escaped the grip of estate and gift taxes as the government raised the amount of money you could leave without owing taxes. Now, if your property totals less than $5.45 million you are not subject to...
by Arthur Geffen | Jul 27, 2016 | Estate Tax
Here are 10 valuable do’s and don’ts for estate owners. I do in fact have a list of the 10 most important pieces of advice I have to offer estate owners: Winning the Estate Tax Game : Modern Machine Shop
by Arthur Geffen | Apr 22, 2016 | Estate Tax
One question we had was who would get his fortune, estimated to be worth $300 million, according to the Celebrity Net Worth website and as earlier reported by The International Business Times. The Business Times explained how Prince’s death in Minnesota, where...
by Arthur Geffen | Feb 29, 2016 | Estate Tax
The due date for reporting the value of estate assets under Code Section 6035 has again been extended, from Feb. 29 to March 31. Under Notice 2016-19, the IRS is allowing extra time for review of proposed regulations – expected soon – before taxpayers...
by Arthur Geffen | Feb 26, 2016 | Estate Tax
President Obama just released his last proposed budget, applicable for 2017. It contains several estate and gift tax provisions carried over from his prior proposed budgets, none of which are any more likely to become law than in the past. However, if in...
by Arthur Geffen | Feb 24, 2016 | Estate Tax, step up
As with life, changes in the tax law can be good, as when tax rates are reduced, or bad, as when tax rates go up or when the tax is applied to less income. Such is the case with recent changes in the estate tax law, which also affect income tax law. Regarding...
