Guiding You Through The Legal Process
People in Georgia planning to leave a substantial inheritance to their heirs may want to learn more about strategies used for reducing estate taxes. The highest federal estate tax rate is currently 40 percent. However, the federal estate tax for 2015 only applies to...
People in Atlanta with sizable estates should be aware of the estate and gift tax exemption limit. Since it was initially raised to $5 million in 2011 and indexed for inflation, it has risen slightly higher each year. For 2015, the estate and gift tax exemption limit...
There may be homeowners or investors living in Georgia who can benefit from understanding more about which states have the highest property taxes. The Tax Foundation recently analyzed property taxes rates across the country, and helped provide some perspective on the...
Many Georgia resident might find it difficult to deal with their taxes. In an apparent attempt to protest the required payments, two Pennsylvania residents took steps to demonstrate their displeasure with the system. The most recent case involved a Montgomery County...
The state of Georgia does not impose an estate tax on its residents, but there are 15 states that do. That's why residents of states such as New York, Illinois and Washington often move elsewhere during their golden years. According to a National Bureau of Economic...
Many people in Georgia believe that federal estate taxes are not something they need to be concerned about because they only affect the very rich. There are some instances in which a person may still be exposed to estate taxes, however. The issue more commonly occurs...
Georgia residents are likely aware that the federal estate tax has been a contentious issue in recent years. Supporters of the measure say that estate taxes help to offset income inequality, but opponents claim that these taxes are just a way for the government to...
Many Georgia residents may be able to significantly reduce their tax obligations by placing their money in retirement structures. In particular, traditional IRA plans are notable for their ability to provide their owners with financial leeway in addition to serving as...
Georgia taxpayers may know that the law generally gives the IRS three years to make an assessment or audit a tax return. There are exceptions to this rule, and the agency often shows relentless determination in their collection efforts even when the taxes in question...
Georgia residents who own property in Douglas County were sent their property appraisal notices on June 1. The notices informed 53,000 Douglas County property owners about the 2015 value of their property that was calculated for county taxation reasons. Property...
