by Arthur Geffen | Nov 2, 2015 | Estate Tax, Income Tax, IRD
If you are withdrawing funds from an inherited retirement account, you might be overlooking a sizable income-tax deduction. Officially called the estate-tax deduction, but better known as the IRD deduction (which stands for income in respect of a decedent), it...
by Arthur Geffen | Oct 30, 2015 | Income Tax
Follow these links to see what your tax bracket will look like next year. The 2016 tax brackets just announced by the Internal Revenue Service don’t include dramatic changes, largely because of low inflation last year. The brackets will rise about 0.5 percent, the IRS...
by Arthur Geffen | Oct 30, 2015 | Estate Lawyer, Estate Planning, Estate Tax
Pretty interesting. The superrich are different from the very, very rich. For one thing, they own more art. Estate tax data recently released by the Internal Revenue Service show what the wealthiest Americans possess when they die—and where the money goes. First, a...
by Arthur Geffen | Oct 27, 2015 | Technology
Jay Freeman, or Saurik as he is more commonly known within the online community, has announced via his official Twitter account that The Copyright Office has put in place special new exemptions within the DMCA that applies to a consumers right to jailbreak a device....
by Arthur Geffen | Oct 20, 2015 | Estate Planning, Estate Planning Solutions
THIS IS WHY YOU NEED TO TALK TO YOUR ESTATE PLANNER TODAY. But here’s the rub. Congress in 2012 raised the estate-tax exemption to $5 million per person, indexed for inflation. The exemption in 2015 is $5.43 million with a top tax rate of 40%. And the new law...
