When it comes to estate planning, most folks know that you can use wills and trusts to distribute (and in some instances, control) their “stuff.”
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Taxes From A To Z: G Is For Gift Expenses
G is for Gift Expenses. The word gift can have a different meaning, depending on who is doing the giving and who is doing the
Read MoreAsk The Taxgirl: Looking A Gift Horse In The Mouth
Taxpayer asks: Dear TaxGirl, Recently I received a request from a company to fill out a W-9 form. I am not, nor have I ever
Read MoreWhat's Mine Is Yours: IRS Issues Estate Tax Portability Guidance
Last December, Congress pushed through a whole set of changes meant to make them look good on Election Day things easier for taxpayers. One of
Read MoreIRS Issues Extension For Form Not Yet Available (Thanks?)
If you lost a loved one in 2010, my sympathies are with you. If you lost a loved one in 2010 that might have a
Read MoreIRS Releases Guidance (But No Form) For 2010 Estates
Whew. It has taken awhile but the IRS has finally issued guidance for the treatment of basis for certain estates of decedents who died in
Read MoreIRS Delays Basis Reporting for Decedent’s Estates
The IRS has announced that federal form 8939, Allocation of Increase in Basis for Property Acquired from a Decedent, is not due on April 18,
Read MoreTaxes From A To Z: A Is For Applicable Federal Rates
First in the series: A is for Applicable Federal Rates, or AFRs. Each month, the IRS provides various prescribed rates for federal income tax purposes;
Read MoreEstate Planning: Gone With the New Tax Deal?
With the significant increase in the personal exemption for federal estate tax (albeit temporary), many folks believe that they no longer need a will. That
Read MoreAsk The Taxgirl: Reporting Gifts
Taxpayer asks: Hello Tax Girl: I am in NY. My father is giving me approximately $25-$30k this year. He will be reporting the payment to
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