If you live in Florida and own your own home, you have probably heard of the term “Homestead.” Most people in Florida think of Homestead in terms of their real property taxes — both in the exemption from taxes that they receive, and the amount by which their taxes can be raised each year. In… Read More
Taxgirl, the nom de blog of Kelly Phillips Erb, an attorney and tax blogger and among my daily tax must reads, is twittering tax tips between now and April 15. Tip #1, Sign your Return.
H.R. 533, “the Opportunity for Family Farms and Small Businesses Act of 2009” was introduced by Rep. Randy Neugebauer, a Republican of Texas. The Bill tries to repeal the estate tax with one sentence, stating, “Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to title V of such… Read More
With the stock market significantly done from its all time high, many people are putting of doing their estate planning. So the question is, is now a good time to engage in estate planning transactions? Of course! First, if you don’t have a will or other testamentary documents, then when you die, all of your… Read More
There was a good article in yesterday’s Wall Street Jounral on an esate planning device known as a chartiable lead trust or CLT. Under a CLT, the donor sets up an trust, drafted by an estate planning attorney in which the donor funds the trust with an initial amount of money up front, let’s say… Read More
According to the Taxgirl (who has a must read blog for people interested in current tax developments), WalMart will be teaming up with the IRS to offer free tax preparation to low income individuals. She has more info at her site, but I wonder if they will also offer a refund anticipation loan (which H&R… Read More