IRS Issues Two Warnings Regarding Possible Schemes You May Encounter With Future Economic Payments to Taxpayers

During the past week, the Internal Revenue Service (IRS) has issued two warnings regarding possible schemes you may encounter relating to forthcoming economic payments to taxpayers emanating from the $2 trillion dollar federal stimulus package enacted to combat the ...

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OFFSHORE ACCOUNT COMPLIANCE (FBAR)

Whether you were aware of it or not, since the 1970s, U.S. law has required the disclosure of foreign financial accounts by U.S. taxpayers under certain circumstances. A U.S. taxpayer is not only a U.S. citizen but also a Green-Card holder and a person who is deemed to be a ...

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How to avoid the federal estate tax when collecting life insurance proceeds

Date: July 19, 2017 By: Bill Bischoff How to avoid the federal estate tax when collecting life insurance proceeds Beneficiaries generally receive death benefits free of federal income tax, but what about the federal estate tax? Having enough life and disability insurance ...

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Why You Should Get Around to Drawing Up a Will

Date: February 8, 2017 By: Ann Carrns Why You Should Get Around to Drawing Up a Will No one likes to think about dying — and that is probably one reason most Americans lack wills. Fewer than half of American adults (42 percent) have a will, according to a survey published ...

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