by Arthur Geffen | Apr 22, 2014 | Estate Tax, Portability
Approximately 15 states have their own state estate taxes. Many of these states have exemption amounts that are less than the federal applicable exclusion amount. For example, the District of Columbia and Maryland have exemption amounts of $1 million, and New...
by Arthur Geffen | Apr 22, 2014 | IRS
Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox. 1. Don’t panic. You often only need to respond to take care of a notice. 2. There are many reasons why the...
by Arthur Geffen | Apr 9, 2014 | Estate Tax
BE GLAD YOU DO NOT LIVE OR DIE IN NEW YORK YOUR ESTATE TAX COULD BE 164% Congratulations, New Yorkers! It now costs you money to die. Okay, not really. But it’s an eye-grabbing headline, no? There is a kernel of truth to it, and that’s the ironic thing....
by Arthur Geffen | Mar 11, 2014 | Affordable HCA
There are a few basic tips to keep in mind about the new health care law. Health insurance choices you make now may affect the income tax return you file in 2015. 1. Most people already have qualified health insurance coverage and will not need to do anything more...
by Arthur Geffen | Mar 7, 2014 | Deductions, Income Tax
WASHINGTON — The Internal Revenue Service today reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home. In tax year 2011, the most recent year for which...
