With less than two weeks remaining in the 2014 tax year, Congress passed several tax extensions. Taxpayers only have a few days to take advantage of these tax breaks before they are expire again.
Non-spousal inheritances of Individual Retirement Accounts present a few tax challenges. Spouses have the option of a spousal rollover, often deferring taxes and distribution requirements. For non-spousal beneficiaries, extended tax-deferred growth of the assets is not as simple.
The average tuition at a private university in the United States was $30,094 for the 2013-2014 school year, according to the College Board. The amount will be considerably higher when today's children reach their college years. Instead of giving traditional holiday gifts for kids, set up or contribute to a child's 529 College Savings Plan.
Several federal and state-level tax laws changed this year and others will change in the New Year. Here are a few items to address with your tax attorney
Our trust attorneys reviewed how trustees can be removed and replaced in an earlier postâ€”a procedure that might be expedited by the powers of a Trust Protectorâ€”and now a recent court case has brought attention to another matter: Replacing a Trust Protector
Every state has legislation addressing deadlines for creditor claims in an estate. What happens with creditor claims made post-deadline?
Several North Carolina laws went into effect on December 1, 2014. Some of these laws affect hunters and certain types of gun owners.
Just a short time before 2014 is over, Congress announced proposed extensions of certain tax provisions.
NICS background checks in November and December nearly double in volume from other months throughout the year. Our gun trust lawyers note a few concerns below that donors and recipients of firearms should review before gifting or accepting a firearm
In less than a month the ability to elect portability for some estates will expire. Here are eligibility rules and the required documents needed before the December 31, 2014 deadline.