by Arthur Geffen | Feb 11, 2014 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
If you meet the threshold for estate taxes, think of 2014 as a landmark year in your planning. The rules surrounding exemptions and gifts have changed, and the impact could be far-reaching for your family — perhaps more so than many planners initially...
by Arthur Geffen | Feb 4, 2014 | IRS
The Internal Revenue Service today announced the release of IRS2Go 4.0, an update to its smartphone application featuring new added features available in both English and Spanish. The redesigned IRS2Go provides new features for taxpayers to access the latest...
by Arthur Geffen | Jan 31, 2014 | Estate Tax
Even with the generous $5 million estate tax exemption under current law (indexed to $5.25 million for 2013 and $5.34 million for 2014), some heirs will still be walloped by the federal estate tax. When the tax applies, the rate is a flat 40%. With the...
by Arthur Geffen | Jan 29, 2014 | Tax, Tax Preparation, Tax Solutions
Each year millions of people have their tax returns prepared for free by volunteers. These volunteers are part of the IRS Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. Here are the top 10 tips the IRS wants you to know about VITA and...
by Arthur Geffen | Jan 7, 2014 | Estate Tax, Portability
The first deceased spouse’s unused estate tax applicable exclusion amount is generally referred to as the “deceased spouse’s unused exemption” or “DSUE” amount. This amount is used to calculate the applicable exclusion amount for the surviving spouse when...
