Guiding You Through The Legal Process
Recently, the IRS changed its rules about the distribution of closing letters. Instead of automatically sending such letters to indicate the end of an estate filing and the completed payment of related federal taxes, the agency will only send notices when they're...
Many Georgia residents have a very negative view about estate taxes, often calling them "death taxes." Very few Americans will actually have to think about paying estate taxes, however, as there is a federal estate tax exemption that removes a large amount from the...
Georgia residents may be displeased to learn that many foreign holders of U.S. assets fail to pay estate taxes they should owe on those assets. Under U.S. tax law, foreign estates are required to pay estate taxes on such holdings when the owner passes away, but very...
Georgia residents with high-asset estates often use the gift-splitting election in order to remove assets from their estates' values. The IRS allows spouses to split their annual gifts which helps them to double the exclusion they would have otherwise enjoyed. A...