by Arthur Geffen | Jun 28, 2022 | Income Tax
After a loved one passes away, the person in charge of settling the deceased’s estate is responsible for filing a final individual income tax return and the estate tax return when due. According to the IRS, you will need to file Form 56, Notice... by Arthur Geffen | Jun 27, 2022 | Income Tax, Independent Contractor
What Is an Independent Contractor? An independent contractor is a self-employed person or small business owner who performs services for another person or entity. Independent contractors aren’t employees of the people or businesses they provide services for. They may... by Arthur Geffen | Jun 8, 2022 | crimes, Income Tax
DES MOINES, IA – Kevin Jeffrey Stiller, age 59, of Ankeny, was sentenced Tuesday, June 7, 2022, to 18 months in prison for failing to file income tax returns. Stiller pleaded guilty on February 3, 2022, to two counts of failure to file income tax returns, one for each... by Arthur Geffen | Apr 28, 2022 | Income Tax
Are higher taxes coming to go along with inflation? It sure looks that way. And while some of the spin is being directed at the Billionaire’s tax—that actually kicks in at a tenth of a billion dollars—there are plenty of other tax hikes proposed for more modest... by Arthur Geffen | Apr 28, 2022 | Income Tax, Trusts
The temporarily doubled gift, estate, and generation-skipping transfer tax exemption has resulted in the creation of many new irrevocable trusts. Some of these are grantor trusts, and thus the grantor continues to pay the income tax on the trust income. However,... by Arthur Geffen | Mar 30, 2022 | Estate Tax, Income Tax
On March 28th, the Biden Administration issued a 250-page General Explanation of the administration’s fiscal year 2023 revenue proposals. Click this link the view the “Green Book” PDF. Well-advised taxpayers are already considering actions to take before these... 