Tax Law

A resident who qualifies for the homestead exemption can also be eligible for the senior exemption providing that at least one owner of the property is 65 years of age or older and they meet the [...]

            Because skilled nursing facilities are basically medical facilities, all expenses incurred including room and board are deductible for income tax purposes.  However, independent [...]

If the client’s physician prescribes assisted living pursuant to a plan of care and the client has either severe cognitive impairment or is chronically ill, 100% of the cost of the [...]

Becoming a Florida Resident can lead to significant benefits in access to both beautiful beaches and tax benefits.  One of the most important steps to becoming a resident is submitting a [...]

Careful estate planning is essential if your spouse is a non-citizen as deductions or tax exemptions can be difficult for them to claim.  One way to help a non-citizen spouse claim marital [...]

Many married couples file joint tax returns but problems can ensue when the IRS determines that under-payment has occurred and decides criminal fraud has taken place.  It is often the case that [...]

If for financial or tax reasons you do not wish to receive an asset for which you are a beneficiary, you can use a qualified disclaimer to pass this asset instead to other listed beneficiaries.  [...]

With proper Medicaid planning, IRAs can be considered exempt for Medicaid eligibility.  This means that the money in an IRA does not need to be spent in order for someone to qualify for Medicaid [...]

Before you turn 59 ½ you will incur a 10% penalty for withdrawing money from your IRA.  However, there is an exception for people who are below the minimum age requirement but are considered [...]

Were you an account holder for a financial account located outside of the US valued at over $10,000 in 2014?  If so, you must file an FBAR by June 30th.  An FBAR, also known as Form 114, must be [...]