Tax Legal Guides (196 found)

Written by Douglas L. Kaune
Many clients want to know more about the PA Inheritance Tax and ask the same questions. This guides sets out some of those questions and my answers to them.
10 of 15 users found this helpful. Posted 11 months ago in Estate Planning. Jurisdiction: Pennsylvania

Written by Kevin L Von Tungeln
If you haven’t asked your estate planning attorney about how tax-free gifts can best work to your advantage, now is the time to do so. A tax-free gift is one of the few options available to you to avoid the overwhelming federal estate tax, which is currently at 45%. Some ways to do that are:
Posted 10 months ago in Estate Planning. Jurisdiction: Federal

Written by Anthony Muscente Jr
I was responsible for setting up and presently maintain and contribute to this website. The website is intended to provide a wide variety of general background information relating to real estate tax appeals in New Jersey, among other items.
4 of 5 users found this helpful. Posted 10 months ago in Real Estate. Jurisdiction: New Jersey

Written by Christopher L Cauble
The President has outlined his plan to make the estate and gift tax permanent in order to balance the budget. The time to plan for this is NOW. For individuals with larger estates, simple steps can be taken to avoid the big tax bite in the future!
Posted 9 months ago in Estate Planning.

Written by John S. Palmer
A "Bypass Trust", also known as a "Credit Shelter Trust", is a common type of Trust married couples include in their Wills or Revocable Living Trust to reduce or even eliminate state and federal estate taxes.
Posted 9 months ago in Trusts. Jurisdiction: Washington

Written by Tamara Lynn Harper
When a new corporate entity is formed, it must be capitalized, or a value contributed to it by each shareholder, member, or partner depending upon the type of entity created.
Posted 9 months ago in Corporate / Incorporation. Jurisdiction: California

Written by Matthew L Kimball
Recordation taxes are incurred in recording mortgages and deeds of trust in Maryland, which can be as high as 1.3% of the loan amount . Certain techniques have arisen in order to avoid or minimize these taxes. These generally involve the purchase of existing loan documents or use of guaranties.
Posted 7 months ago in Real Estate. Jurisdiction: Maryland

Written by Deborah Ann Malkin
Charitable Gifts If you wish to give to charity, a gift can be made during life or as a transfer after death. Gifts can be either given outright or put into a trust with terms designated by you. With proper planning, both lifetime and after-death gifts can be used to benefit you and your estate a
Posted 7 months ago in Estate Planning. Jurisdiction: California

Written by Melissa A Juarez
In October 2008, the Emergency Economic Stabilization Act was signed into law. It includes a number of energy efficient tax incentives for both residential and commercial properties. The following are key points in the legislation.
Posted 8 months ago in Real Estate. Jurisdiction: Federal

Written by Melissa A Juarez
As part of the American Recovery and Reinvestment Act of 2009, a/k/a the Stimulus Bill, first time home owners are now eligible for a tax credit of $8,000. The following summarizes the eligibility requirements of this credit.
1 of 2 users found this helpful. Posted 7 months ago in Real Estate. Jurisdiction: Massachusetts

Written by Jon Vincent Forehand
Organizing a non-profit organization at the state level does not automatically grant the organization exemption from federal income tax. To qualify as exempt from federal income taxes, an organization must meet certain requirements set forth in the Internal Revenue Code.
0 of 1 users found this helpful. Posted 7 months ago in Business. Jurisdiction: Federal

Written by Sarah M. Cross
This guide explains how you can obtain free Federal Income Tax Transcripts to send with your Affidavit of Support. There are two ways to request transcripts: by phone or by mail and this guide gives instructions for both. This guide also explains how to request a transcript of your W-2.
1 of 2 users found this helpful. Posted 6 months ago in Immigration. Jurisdiction: Federal

Written by John Edward Reid
Take quick action if your house or property is sold at a tax sale to minimize costs and risk of loss of the title to the property.
Posted 5 months ago in Foreclosure. Jurisdiction: Maryland

Written by Karen L Brady
In addition to getting a tax ID number from the IRS, your business likely needs a tax identification number from the State of Colorado. If your business will sell items subject to sales tax, you'll need a sales tax license as well. This how-to-guide explains how to get those important numbers.
Posted 24 days ago in Corporate / Incorporation. Jurisdiction: Colorado

Written by Lindsey Paige Markus
In 2009, the federal estate tax exemption is different from the Illinois state tax exemption. As a result, your estate may be subject to tax under your existing documents. Learn more about how a simple revision to your living trust can save your estate $209,124!
Posted 6 months ago in Estate Planning. Jurisdiction: Illinois

Written by Mervin B. Waage
Income taxes older than three years of age are, generally speaking, dischargeable. However, there are exceptions: for example, if your tax return was fraudulent or if your tax return was not timely filed, or if there is a relatively new assessment by the I.R.S. or if the I.R.S. has a lien.
1 of 2 users found this helpful. Posted 4 months ago in Bankruptcy / Debt. Jurisdiction: Federal

Written by Gerald McNally Jr
Income Tax can be discharged in Chapter 7 if: 1) the due date was at least 3 years prior; 2) you filed a return at least 2 years ago; 3) not payroll tax; 4) no tax lien on property; 5) no tax fraud or hiding assets; and 6) tax agency had at least 240 days to collect. Otherwise, Chapter 13 to pay it
Posted 3 months ago in Bankruptcy / Debt.

Written by Stann William Givens
Beware of hidden tax traps in your divorce settlement.
Posted 30 days ago in Divorce / Separation. Jurisdiction: Florida

Written by Stann William Givens
Advice on the tax consequences of a Florida divorce is very important.
Posted 30 days ago in Alimony. Jurisdiction: Florida

Written by Jeffrey Lawson Baxter
Whenever a Borrower delivers to a lender a deed-in-lieu of foreclosure, usually in exchange for the lender's release on the Borrower's mortgage, under Florida Statutes §201.02(1) the release will be considered a discharge of an obligation and qualifies as "consideration" under Rule 12B-4.013(2)
1 of 2 users found this helpful. Posted 2 months ago in Foreclosure. Jurisdiction: Florida