How IRS Layoffs May Affect Your Taxes and Estate Planning
Takeaways The Internal Revenue Service (IRS) is likely to see a continuing reduction in its workforce under the second Trump administration. Some experts assert that dramatic reductions in IRS staff could potentially lead to delayed tax return processing, reduced...
Spring Cleaning for Your Estate Plan: Review and Revise
Takeaways Regularly reviewing and updating your estate plan is crucial to ensure that your money and property will be managed and distributed according to your wishes and that your health care preferences are followed. Changes in life events, financial status, health,...
Inheritance Tax: What States Have It and When It Applies
Inheritance tax is a state-level tax that beneficiaries pay when they receive assets from an estate after somebody has passed away. The inheritance tax is distinct from estate taxes, but planning tools for avoiding or minimizing it, such as lifetime gifting and...