Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
Facts You Should Know To Avoid Scams: Fact 1: IRS Does Not Ask for Detailed Personal Infomation The IRS doesn’t ask for detailed personal and financial information like PIN numbers, passwords or sim...
See Full GuideSources Of Income That Usually Require Estimated Tax Payments If you have income from sources such as self-employment, interest, dividends, alimony, rent, gains from the sales of assets, prizes or aw...
See Full GuideOld Law Under EGTRRA 2001 Under the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001, the estate tax was repealed for persons who died in 2010. The executors of the estates of certa...
See Full GuideDistributions Before 59 1/2 Are Generally Early Distributions Payments you receive from your Individual Retirement Arrangement before you reach age 59 ½ are generally considered early or premature d...
See Full GuideWhether To Itemize Depends on Your Particular Situation Whether to itemize deductions on your tax return depends on how much you spent on certain expenses last year. Money paid for medical care, mort...
See Full GuideResidential Energy Property Credit This tax credit is for homeowners who make qualified energy efficient improvements to their existing homes. This credit is 30 percent of the cost of all qualifying ...
See Full GuideCare Must Be Provided For A Qualifying Person The care must have been provided for one or more qualifying persons. A qualifying person is your dependent child age 12 or younger when the care was pro...
See Full GuidePrincipal Residence Exception Allows Exclusion of Up to $2 Million Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be ab...
See Full GuideInjured Spouse Is Not Legally Obligated To Pay Past Due Amount in Question To be considered an injured spouse, you must have made and reported tax payments, such as federal income tax withheld from w...
See Full GuideOffsets Can Be for the Following Debts: Federal, State Income Taxes, Child Support, Student Loans, Other Debts Submitted If you owe federal or state income taxes your refund will be offset to pay tho...
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