Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
So you missed getting your IRA rollover redeposited within the required 60 day period established by the IRS. Is there anything you can now do to get a waiver of this requirement? The IRS waives th...
See Full GuideApril 18, 2011 was the last day to file your 2010 Federal Income Tax Return, unless you filed a timely extension of time to file. The extension needed to be postmarked yesterday to be valid and timely....
See Full GuideWhen you are preparing the Estate tax return you need to recognize that there are deductions that you can take on the return to reduce the estate tax. On the death of the first spouse it is possible to...
See Full GuideWe once again have a Unified Gift and Estate Tax. For gifts made in 2010, the gift tax liability was computed using a 35 percent top rate and a maximum applicable exclusion amount of $1 Million. For gi...
See Full GuideYou have heard that the New Estate Tax Exemption is $5 Million and that it is Portable. What does portable mean? For married couples, after the death of the first spouse any unused portion of the spou...
See Full GuideIf you are the executor of an estate where the decedent died in 2010 you have a decision to make. Do you use the tax law prior to or after the Tax Relief, Unemployment Insurance Reauthorization, and Jo...
See Full GuideWhen the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was passed in December 2010 it required that an election be made by an executor if they wanted to follow the pr...
See Full GuideAmount Realized on the Cancellation of Recourse Debt: First of all let's define recourse debt: This is debt that you have the personal responsibility to pay back should you default on the debt. If you ...
See Full GuideHow do you Treat Mortgage Insurance Premiums for Tax Purposes? You can treat amounts you paid during 2010 for qualified mortgage insurance as home mortgage interest. The insurance must ...
See Full GuideDo you have a Hobby or a Business? Whether you have a hobby or a business can have quite different tax consequences. The Internal Revenue Service defines a hobby as an activity you pursue without ex...
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