For federal tax purposes, inheritance is not classified as income, no matter what you inherited – cash, property, or investment. However, whatever you earn on such an inherited...
Posted by Pat Raskob on 07/06/2021
When the southern climate warms up, it's time for snowbirds to migrate north, same happens for some people. Several people do a lot to stay in the same location for precisely...
Posted by John Pournaras Agency on 09/26/2019
This is a commonly asked question by many that why do the rich people hate to pay the estate tax. Death as well as paying taxes is not avoidable. Some people believe that the reason...
Posted by J.R.'S TAX SERVICE on 11/30/2018
Accumulated earnings and revenue is an accounting term applicable to shareholders of corporations. These earnings and profits are the net profits of a company after paying dividends...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/30/2018
Some of the people get surprised that the social security benefits get taxed. As social security is a part of government then how can it get taxed? Well, some states don’t tax...
Posted by Advantage Tax Service on 06/18/2018
After death of a person, the administrator and executor of a deceased person should deal with their property and money. They have to pay debts and taxes of a dead person. The executor...
Posted by P Sinaly CPA PC on 05/21/2018
Some of the states inside the America does no longer affect the human beings approximately the tax relief for disasters that is why ordinarily no one talks approximately it. By using...
Posted by US and International Business Services on 04/16/2018
When it comes to estate planning, the point is to reduce the amount of potential taxes and other expenses for your beneficiaries. This could include your children or other special...
There are certain provisions in the tax laws that are admittedly difficult to understand unless you have a good background of the law. And the adjustments or amendments that are made...