The IRS has announced tax relief for victims of Hurricane Rita. Briefly, the relief includes extensions (in some cases, automatic) for filing returns and making estimated payments. In most cases, the extension date is February 28, 2006. Automatic extensions are granted for Texas residents of the following counties: Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin,…
So, if you’re the kind of person (yeah, I am) that likes to read about the wills and trusts of famous people, you can check out the details of Peter Jennings’ Will here.
I often get asked about holographic wills. Holographic wills are wills that you write yourself – and they are legal in Pennsylvania (with some caveats). One of the more amusing holographic wills that I have seen lately comes to me courtesy of the Wills, Trusts, and Estates Prof Blog. It’s a helpful read since I…
A lawsuit is brewing. The ugly kind. The kind where nobody wins, really. The kind that puts a child in the middle. The minor son of Herbalife founder, Mark Hughes, is Alexander Hughes, a 14-year-old California resident. He is the only child of Mark Hughes, who died early at the age of 44 years old…
The IRS has increased the mileage rate for the business use of a car, to 48.5 cents per gallon, from 40.5 cents per gallon effective September 1, 2005. The rate is only good through December 2005. The IRS anticipates that it will, later in the fall, make the annual adjustment for 2006.
He may have had a lot to show on Survivor, but Richard Hatch, the first ever "Survivor" winner, apparently tried to conceal a little bit, too. Hatch had been charged with two counts of tax evasion earlier in the year. He withdrew his guilty plea, charging that he believed that CBS was responsible for paying…
From irs.gov: Katrina Victims Will Have Until Jan. 3 to File and Pay Taxes, IRS Says IR-2005-96, September 8, 2005 WASHINGTON – Victims of Hurricane Katrina will have until Jan. 3, 2006 to file any returns, pay any taxes or make any deposits due, the Internal Revenue Service announced today. This extends and expands relief…
From irs.gov: Treasury, IRS Announce Special Relief to Encourage Leave-Donation Programs for Victims of Hurricane Katrina IR-2005-97, Sept. 8, 2005 WASHINGTON — Department of the Treasury and Internal Revenue Service officials announced today special relief intended to support leave-based donation programs to aid victims who have suffered from the extraordinary destruction caused by Hurricane Katrina….
From irs.gov: IRS Expedites Charity Applications, Urges Use of Existing Charities IR-2005-93, Sept. 6, 2005 WASHINGTON — The Internal Revenue Service will provide an expedited review and approval process for new organizations seeking tax-exempt status in order to provide relief for victims of Hurricane Katrina. However, the agency encourages people to use existing organizations currently…
The Erb Law Firm would like to offer assistance to attorneys who are affected by Hurricane Katrina. Any attorneys in the affected area who need help in preparing federal extensions (tax or immigration) or sending notices to clients, please call our offices or email katrina@erblaw.com. If we can help, we will. Our thoughts and prayers…