by Arthur Geffen | Aug 8, 2013 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Planning, Estate Tax, IRS, Living Trust
It is easy to find material that will tell you what a great thing it is to “avoid probate”. Maureen Mangiardi’s father, Dr. Joseph Mangiardi,managed it for the bulk of his estate. According to a recent decision in US District Court for the Southern...
by Arthur Geffen | Aug 8, 2013 | FBAR, IRS, Off Shore
There are both civil and criminal penalties for failure to file a Foreign Bank Account Report 90-22.1 (FBAR). Criminal Penalties: FAQ #6: What are some of the criminal charges I might face if I don’t come in under OVDP and the IRS examines me? Possible criminal...
by Arthur Geffen | Aug 7, 2013 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Tax, Portability
To make a valid portability election, the Internal Revenue Code (“Code”) requires an executor to make the election on an estate tax return filed within the “time prescribed by law” (including extensions) for filing that return. The Code further requires estate...
by Arthur Geffen | Aug 6, 2013 | DOMA, LGBT, LGBT Issues
When New York residents Mark Strong and Craig Partin married in New York last October, their marriage wasn’t recognized by the federal government. So the duo took extra planning steps to make sure either spouse could afford the estate tax on what he would...
by Arthur Geffen | Aug 2, 2013 | IRS
While most taxpayers get a refund from the IRS when they file their taxes, some do not. The IRS offers several payment options for those who owe taxes. Here are eight tips for those who owe federal taxes. 1. Tax bill payments. If you get a bill from the IRS this...
