by Leslie Marenco | Aug 22, 2014 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, Inheritance, IRAs / 401(k), IRS, Liens/Debt
Okay, clearly we are past midyear. But now that kids are back to school things can begin to normalize again. All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or...
by Leslie Marenco | Aug 22, 2014 | Articles, Celebrity Estates, Estate Planning, Trusts
One of the most eloquent responses to Robin Williams’ death came from his best friend Billy Crystal, who posted on Twitter simply: “No words.” When someone close to us dies — especially in a sudden and tragic way — the grief is so deep that we truly don’t...
by Leslie Marenco | Aug 20, 2014 | Articles, Asset Protection, IRS, Real Property / Real Estate
As illustrated by a recent tax lien case Gregory v. United States Department of the Treasury – IRS, everyone buying a piece of real property should use a reputable real estate Attorney to conduct a title search (and purchase title insurance) to avoid these...
by Leslie Marenco | Aug 18, 2014 | Articles, Celebrity Estates, High Net Worth, IRS, Liens/Debt
MC Hammer was at one point in time the biggest rap artist on the planet. Now two decades later, MC Hammer is probably more famous for his tax issues – which seem to be never ending. It goes to show you, the Internal Revenue Service doesn’t quit when it comes to...
by Leslie Marenco | Aug 18, 2014 | Articles, Income Tax, Real Property / Real Estate
Whether you have a lakeside cabin in Maine, or a ski house in Colorado, owning a vacation or second home can be a wonderful thing. It also could earn you some extra money if you rent it when you’re not there… but if you’re not careful, it also could...
by Leslie Marenco | Aug 17, 2014 | Articles, Estate Planning, Estate Tax, High Net Worth, Non - US Citizen, Trusts
This is South Florida so I commonly encounter married couples with mixed nationalities. That is, one spouse is an American citizen and the other is not. The U.S. estate and gift tax rules are generally the same for U.S. citizens and resident aliens. However, the...
