by Arthur Geffen | Sep 28, 2016 | Dallas Probate Lawyer
In the following case, the Tax Court addressed a matter of first impression: whether an estate could take a theft loss deduction relating to property held by an LLC (and not the estate directly). The decedent died owning a 99% interest in a LLC; the LLC’s only asset...
by Arthur Geffen | Sep 20, 2016 | Dallas Probate Lawyer
Welcome news: As of 2016, if you die with less than $5.45 million in assets — or $10.9 million if you’re married — your estate won’t owe federal estate tax. Surprised? Most people are. As a financial planner, I come across many people who list avoiding estate tax as a...
by Arthur Geffen | Sep 16, 2016 | Dallas Probate Lawyer
The New Orleans-based 5th U.S. Circuit Court of Appeals on Wednesday upheld a lower court’s injunction against Louisiana’s attempt to defund Planned Parenthood. A three-judge appellate panel said the health services provider likely would prevail at trial because...
by Arthur Geffen | Sep 8, 2016 | Dallas Probate Lawyer
If you are a college student or the parent of one, you are probably familiar with the Free Application for Federal Student Aid, commonly known as FAFSA. It is a long, tedious document to complete. Officially, it is supposed to take about 30 minutes to complete, but...
by Arthur Geffen | Sep 7, 2016 | Dallas Probate Lawyer
Americans agonize each spring over their annual federal income tax returns. In terms of how much tax they pay, however, they should worry more about the payroll taxes their employers withhold from every paycheck. After all, three-quarters of those who pay one or both...
