201703.23
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Massachusetts Estate Tax Planning

The majority of people have estates under the Federal $5.4 million Estate Tax exemption. But the Massachusetts exemption amount is only $1 million. Some people have enough assets to be subject to that tax. So, it makes sense to plan for it if you have to. My first planning tip is to consider moving out…

201703.08
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The Estate Tax

You may be working on your Income Tax return about now and know more than you wish about income and deductions, but do you know anything about the Estate Tax? You complete an Income Tax return every year but an Estate Tax return is something you may only encounter once, if ever. Here is some…

200912.29
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No changes in Estate Tax Status

No news from the Senate on the Estate Tax issue. I guess they will take it up next year and be faced with the problem of people who die after 1/1/10 and before they change the law. Here are some other’s opinions: Tax Girl: http://www.taxgirl.com/federal-estate-tax-update/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+taxgirlfeed+%28taxgirl%29&utm_content=Google+Feedfetcher. And from a lawyer on an internet discussion group: “Dear…

200909.21
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No Estate Tax fixes in the near future?

It now appears that no changes will be made to the Estate Tax system this fall. An article in the online magazine covering Washington, The Hill, says that insiders say Congress may pass a one year extension on the current rules and then deal with the problem next year as part of broader tax reform. http://thehill.com/homenews/senate/58665-debate-over-estate-tax-likely-to-wait-until-2010. The…