Question: Can I reduce my taxes if I do not develop my land? Answer: Policy makers at the federal and state level have enacted tax incentives to encourage landowners to conserve [...]
The American Taxpayer Relief Act of 2012 (ATRA), passed to avoid the fiscal cliff, includes two provisions that are important to many IRA owners and retirement plan participants. The first [...]
An IRS audit: few things strike as much terror in the hearts of small business owners than this simple phrase. You try to do your taxes accurately and on time, or maybe you have an accountant to [...]
The Supreme Court of the United States’ ruling that a portion of the Defense of Marriage Act (“DOMA”) is unconstitutional may allow same sex spouses who were legally married under state law at [...]
Question: My widowed father recently died and his will directed that his estate should be split between my brother and me. My brother is well off, where I have struggled financially. To help me [...]
There are many of tax advantages to being a resident of the State of Florida: 1.No state inheritance tax 2.No Florida state income tax 3.Can declare Florida residence as homestead. 4. Discount [...]
A thrift savings plan for federal employees and members of the armed services is like a 401K plan, rather than an IRA. It is funded with pre-tax contributions by the participant out of their [...]
THE PROBATE & PUMPERNICKEL LUNCHEON A Continuing Education Forum For Attorneys and CPA’s LOCATION: The Francis- 1262 N. Palm Avenue, Sarasota, FL 34236 DATE: May 23, 2013 TIME: 11:45 [...]
Yes, a child can deduct medical expenses they paid on behalf of their parent (even if the parent doesn’t qualify as one of their dependents, doesn’t live with them and has a gross [...]
As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue [...]
