» Tax

Taxes on Social Security Benefits

April 8th, 2016
Many people are surprised to learn that their Social Security retirement benefits might be subject to federal income taxes. Many Americans are surprised to learn that they can be taxed on their Social Security retirement benefits as explained in My S… Read More
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Medicaid, Succession, Taxes, Trust Funding, Weblogs
Tags: Elder Law, Social Security, Tax

New IRS Policy on Identity Theft

December 7th, 2015
Identity thieves do not content themselves with just taking out credit cards in their victims' names. They also often file fraudulent tax returns for refund checks. A new IRS policy should help victims figure out what happened. Imagine receiving… Read More
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Categories: Current Affairs, Taxes, Weblogs
Tags: Executor, Fraud, Guardian, IRS, Tax

Keep Your Trust Ahead of State Tax Laws

May 26th, 2015
  Keeping on top of federal tax laws concerning trusts is relatively simple. However, when it comes to state tax laws on trusts, staying on top of them can be an entirely different matter, especially since many trusts might be subject to taxatio… Read More
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Categories: Estate Planning, Probate, Taxes, Trust Funding
Tags: Tax, Trusts

IRS Dissects Trusts with Pass-Through Entities

May 3rd, 2013
So make sure the trustee is one of the officers of the company, which in a family business is pretty likely anyway, and you are all set right?  Not so fast according to the IRS’ Associate Area Counsel who authored TAM 201317010. Trusts can acc… Read More
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Categories: Estate Planning
Tags: estate planning, ObamaCare, Tax, Trusts