Taxes

Estate Tax Good News

January 31, 2018

Estate Planning, federal estate tax, New Jersey estate tax, Taxes

For years, I have helped clients minimize or eliminate the New Jersey estate tax and federal estate tax as part of clients’ Wills and Trusts. In particular, the New Jersey…

Retirement accounts: Tips for taxpayers turning 70 1/2

March 31, 2017

Timothy Rice

401K, Elder Law, Estate Planning, Taxes

baby boomers, charitable donations, IRS

It’s a big year for the first set of baby boomers: They’re turning 70 1/2. And that means getting prepared for their first mandatory distributions from tax-sheltered retirement accounts. The…

IRS: Account transcripts can serve as estate tax closing letter

March 24, 2017

Timothy Rice

Estate Planning, Taxes

account transcripts, Estate Planning, estate taxes, Form 706, IRS, new IRS notice

A recent IRS notice confirms that an account transcript issued by the IRS qualifies as a substitute for an estate tax closing letter, as long as the transcript includes the…

Do these ideas make sense for you?

March 18, 2016

Timothy Rice

Estate Planning, Taxes

estate tax, gift tax, inheritance tax

In 2016, the federal estate tax exemption is $5.45 million – which means you can give away that much to your heirs (counting both lifetime gifts and bequests in your…

IRS tax crackdown might actually end up helping

January 28, 2016

Timothy Rice

Taxes

IRS, Taxes

IRS officials have been indicating for a few months now that they’re about to start cracking down on certain estate planning techniques that have been popular in recent years. But…

Estate Tax Good News

Retirement accounts: Tips for taxpayers turning 70 1/2

IRS: Account transcripts can serve as estate tax closing letter

Do these ideas make sense for you?

IRS tax crackdown might actually end up helping

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