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Q:           Do I need an EIN for my revocable living trust? A:            No.  If you created a trust, funded it with your money, and reserved the right to revoke it, then the IRS does not [...]

Attorney Sean M. Byrne will be the guest speaker at the meeting of the Suncoast Chapter of the Paralegal Association of Florida, Inc. on the topic of land conservation law in Florida. The meeting [...]

Question: How much can I give away as a gift without having to pay gift taxes? Answer: For gifts made in 2013 and 2014, the gift tax annual exclusion is $14,000. This means that anyone can gift [...]

Question:  What is the 2014 federal estate tax rate and lifetime gift exclusion amount?         Answer:  For gifts made or deaths occurring in 2014, the estate, generation skipping and gift tax [...]

Question: I want to give gifts to my family. What are the tax rules on giving away gifts during your lifetime? Answer: You are free to give away gifts forming part of your estate while you are [...]

Question:     Are the federal income tax incentives for donating conservation easements going to change in 2014? Answer:    The “enhanced conservation easement incentive,” which applied to [...]

Question:     I want to reduce my taxes for 2013 by making some gifts to charity before December 31.  Where can I find information on the rules for charitable giving? Answer:    IRS Publication [...]

Question:  If I receive a federal income tax refund, could the income from the refund disqualify me for Medicaid? Answer:    No, the income you receive from a federal income tax refund, even if [...]

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 [...]