Taxes can affect just about every area of your financial life. From your retirement savings and life insurance to the gifts you give to your family members, there are many tax liability issues that are easy to overlook. Those with significant resources can sometimes...
Working The Puzzle From All The Angles
Month: February 2021
Estate planning and tax liabilities: Gift taxes
On Behalf of Demetrius J. Karos, Ltd. | Feb 21, 2021 | Estate Planning
Individuals who have a sizeable estate must consider the tax liabilities that their loved ones might face when they pass away. Estate taxes aren’t something that most people will have to deal with, but those who do have multi-million dollar estates should find out how...
Tax season 2021: A lot of people are in for an unpleasant surprise
| Feb 9, 2021 | Tax Law
Tax season is upon us once again, but many taxpayers are about to get some very unwelcome surprises when they do their taxes. They may not get much of a return -- or they may even owe taxes this year. While that prospect might be dreaded, it is always best to...