Articles Tagged with taxes

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New Tax Act Doubles Gift and Estate Tax Exemption: Now What?
On December 22, 2017, President Trump signed a bill that makes huge changes to the American tax system—including the estate and gift tax. As of 2018, individuals can give away up to $11.2 million free of estate and gift tax, and couples can combine that to give away up to $22.4 million!…
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If You Are Named as Executor, Pay Attention
In today’s cautionary tale, Forbes published an article this week describing a case requesting $1.2 million refund on a bill from the IRS for penalties and interest resulting from the executor’s failure to file an estate tax return and pay taxes on time. The facts are messy,…
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