Family and Taxes

The Latest

  • August 20, 2010

    Many people are under the impression that inheritance tax is the same as estate tax. While similar in some ways, there are a few major differences that you...

  • August 20, 2010

    It is important for every person to understand how to leave their assets to heirs (or other designated beneficiaries) with little or no inheritance tax consequences.

    Inheritance tax is different from estate tax, which is a federal...

  • August 19, 2010

    Did you recently go through a divorce? In this case, you probably have some big questions on your mind, including: how do I file my taxes now that I am no longer married? It is important that you learn how to manage your taxes post-divorce. The...

  • August 19, 2010

    Believe it or not, many unhappily married couples remain together simply for the tax advantage. Spouses seeking divorce advice are often unpleasantly surprised that after a divorce is finalized, the marriage tax break goes away.  The IRS...

  • August 19, 2010

    Divorcing couples who own a home need to seek divorce advice from a tax professional to determine how capital gains tax may come into play.  Currently, the IRS allows married couples to exclude up to $500,000 of the gain from a sale of a home and...

  • August 19, 2010

    If you are going through a divorce you are going to spend money ? there is no way around it. While divorce can be hurtful to your bank account, keep in mind that some of your expenses may be tax deductible. The advice that you receive from a tax...