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Family and Taxes

Estate Tax Basis on Property

Many people do not know the first thing about estate tax. For this reason, they are surprised to find that they owe money on property…


Estate Tax and Your Property

Estate tax is one of the foremost issues in today's uncertain economy, and many people are waiting to see how Congress will revise the Economic…


How “modified carryover basis regime” affects property

The new modified carryover basis regime is something that property beneficiaries need to be aware of. In the past, beneficiaries of property received a “step-up…


The Expanded Kiddie Tax and How to Offset It

For taxpayers with children under the age of 14, the Kiddie Tax was implemented in 1986 to insure that higher tax-bracketed parents did not transfer…


Planning for the Kiddie Tax

The Kiddie Tax requires that unearned income generated by children under age 19 (or 24 for full-time students) is taxed at their parents' rate rather…


Child Tax Credit Refunds

In order to potentially claim a refund of the Child Tax Credit, it is recommended that any and all other tax deductions or tax credits…


Filling Out the Child Tax Credit Worksheet

In order to potentially claim a refund of the Child Tax Credit, it is recommended that any and all other tax deductions or tax credits…


How to Get the Most Out of the Child Tax Credit

If you have met the basic requirements of the Child Tax Credit , primarily that the child be under the age of 17 by the…