Inheritance Tax

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 15, 2010

    When an asset is sold, its cost basis is used instead of the actual purchase price to determine the accurate capital gain or loss for capital gains tax purposes.  This is very important to remember because it can result in a tremendous difference...

  • August 13, 2010

    Protecting your property from estate tax, so that your family can receive more upon your death, is an admirable act. After all, many people do not take the time to do this and in turn leave their beneficiary with much less than they could have....

  • August 13, 2010

    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 that has been inherited....

  • August 13, 2010

    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 Growth and...

  • August 13, 2010

    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 in basis” of the property that they inherited. This is no longer the case. Instead,...