There are times when IRS employees violate the law. This includes intentional and negligent conduct that violates the law. Many of these violations go unreported. This is often for fear of retaliation or lack of resources. It may also be
Probate & Estate Planning
Special Needs Trusts FAQs
By Rania Combs
If you are a parent of a child with special needs, you need special estate planning.
Why? Because if you leave assets directly to your child, either in a will or through the intestacy statutes if you die without a…
Federal Estate and Gift Tax Exemptions increase for 2022
By Paul Premack
Dear Mr. Premack: Our Wills were written by our lawyer back in 2003. She retired, I have some questions and you were recommended to me. As I read the Wills now, I do not understand some of the provisions. There…
Is It Always Necessary to Probate a Will?
By Rania Combs
A person who dies typically has two classes of assets: probate assets and non-probate assets.
Probate assets are property titled in the deceased person’s name. For example, if the decedent owned a house in his name alone, that would be…
IRS Documentation for Travel Expenses
Business travel expenses are deductible. These are expenses for business trips and work trips, such as car and truck expenses, airfare and hotels and lodging. It can also include travel meals. Those looking to deduct business trip expenses are running…
Four Ways To Estate Plan For An HSA
The government encourages saving for medical expenses by allowing before-tax contributions to a Health Savings Account (HSA) which can grow without taxation on the condition the funds are used for qualified medical expenses (ranging from acupuncture to vaccines and from…
Veterans Benefits Increase Announced – Government Salute To Those Who Served In Wartime
The Department of Veteran Affairs (VA) has announced in December its 2022 rate increases for certain non-service-connected disability wartime military veterans, not dishonorably discharged or their surviving spouse to help pay for care costs ranging from being housebound to long-term…
Recognition Of Wills And Trusts In Foreign Countries – Without Review It Is Willy Nilly
It is not unusual for U.S. citizens to own real estate in their ancestral “motherland” or to live abroad and own real estate in another country. Although Wills created in one state are generally recognized if you move to another…
How To Pay An Adult Child Without Jeopardizing Medicaid Paying For Care Costs – Five Examples Of What Is Acceptable Or Not For Granny Smith And Others
Most Americans do not have adequate long-term care insurance for care at home or in a nursing home. Furthermore, most Americans would like to stay at home as long as possible before nursing home care is required. If one has…
Does Nominee Tax Liability Extend to Employees?
There is a large segment of our population that owe back taxes to the IRS. Whether you know of their situation, chances are good that you know someone who owes back taxes. Chances are good that you have unwittingly transacted…