by Trust Counsel | Oct 30, 2020 | Articles, Asset Protection, Business Succession, Business/ Corporate Law, Case Law, Estate Planning, Estate Tax, Financial, Gift Tax, Guardianship, Income Tax, Inheritance, IRAs / 401(k), IRS, Kids Protection Planning, Liens/Debt, Probate, Real Property / Real Estate, Special Needs Planning, Trusts, Wills
No matter who you vote for on November 3rd, you may want to start considering the potential legal, financial, and tax impacts a change of leadership might have on your family’s planning. As you’ll learn here, there are a number of reasons why you may want to start...
by Leslie Marenco | Dec 15, 2017 | Articles, Estate Planning, Estate Tax, Income Tax, IRS
If you follow the mainstream or social media news, you likely know the new Republican tax bill, which recently passed both the House and Senate, is a potential game changer for tax planning. Known as the “Tax Cuts and Jobs Act,” both houses of Congress passed...
by Leslie Marenco | Feb 10, 2017 | Articles, Gift Tax, Inheritance, IRS, Uncategorized
If you are a citizen or permanent resident, you must report all income to the IRS annually even if it’s taxed somewhere else. Also, unless you have been living under a rock you should KNOW that you must report your foreign bank accounts. There’s been so...
by Leslie Marenco | Oct 14, 2016 | Articles, Celebrity Estates, High Net Worth, IRAs / 401(k), IRS, Uncategorized
In anticipation of the election and in response to public demand, Hillary and Bill Clinton have released their 2015 federal tax return. Tax returns have been a hot topic this year, as candidate Donald Trump continues to refuse to release his tax returns. What can you...
by Leslie Marenco | Mar 25, 2016 | Articles, Income Tax, IRAs / 401(k), IRS
Did you know there are many steps that you can take to save money via your employment? Some of these strategies work by allowing you to pay for things with pre-tax money, which could up to 40% (depending on your tax bracket) right back into your pocket. Others...
by Leslie Marenco | Jul 6, 2015 | Articles, Income Tax, IRS, Real Property / Real Estate
When a foreign person sells U.S. real estate, he or she is subject to having 10% of the gross sales price withheld from the proceeds received at closing. This is a requirement under the Foreign Investment in Real Property Tax Act, known as FIRPTA. This 10% withholding...
