Browsing Category
Estate taxes
How the Rich Use Loans to Pay Estate Taxes Without Selling Their Inheritance
Cash-poor but asset-rich families can use loans to pay property taxes rather than selling inherited assets.
For those with illiquid estates, they can even deduct…
Remembrances of paying income, property taxes
Beating last Monday's deadline to file tax returns reminded me of a recent decision by Comelec. "Failure to file tax returns is not inherently wrongful in the absence of a law punishing it." In crafting this, commissioners Aimee Ferolino…
Property tax relief for residents of Saint-Louis
ST. LOUIS, Mo. — The Real Estate Tax Relief Fund helps address the displacement of St. Louis homeowners who are unable to pay their property tax bills. After a great start in just over a month, the mayor's office has decided to…
Quaker Valley School District to raise property taxes by 2.9%
Property owners in the Quaker Valley School District should expect to see a 2.9% property tax increase as a result of next school year's budget.
Board members voted unanimously to approve the proposed final budget for 2022-23 on April 12.…
Property taxes boost number of first-time home buyers in BC, report finds – BC News
More first-time buyersGraeme Wood, Glacier Media - April 12, 2022 / 2:01 PM | History: 365827
Photo: archive photo
BC's NDP government introduced three new tax measures during its first term and Statistics Canada now says there is…
Be aware of applicable inheritance tax laws
If you've thought about estate tax for as long as I have, you'll remember the estate tax exemption of $600,000 per person.
Twenty-five years ago, many more people than today had to consider "death tax."
Many…
Marcoses is not insolvent: Koko requests an investigation into Marcos’ property taxes
Presidential aspirant Bongbong Marcos Jr. visits Guiguinto, Bulacan as part of the election campaign on March 8, 2022. Mark Demayo, ABS-CBN News
MANILA — The Senate's proposed investigation into the Marcos family's…
Does tax season make you think about estate taxes?
When I meet with clients to discuss their estate planning documents, the issue of taxes is always part of the discussion. Broadly speaking, there are three categories of taxes to consider when planning an estate:!-->…
Tulfo says Filipinos must pay inheritance tax, but walks away from Marcoses tax issue
Metro Manila (CNN Philippines, April 1) — Senate candidate Raffy Tulfo believes that all Filipinos should settle their inheritance tax. But a similar issue involving the heirs of late dictator Ferdinand Marcos has simply become "too…
Duterte at BIR: Go after unpaid property taxes
President Rodrigo Roa Duterte speaks with the people after holding a meeting with key government officials at the Arcadia Active Lifestyle Center in Matina, Davao City on March 29, 2022…
Marcos’ “Unpaid Property Taxes”: The Biggest Lie of This Election Season
Read this in the Manila Times digital edition.
THE 203 billion pesos that presidential candidate Isko Moreno Domagoso and retired judge Antonio Carpio have…
Sara refuses to elaborate on dad’s property tax comment
Vice-presidential candidate Davao Mayor Sara Duterte addresses the crowd during the large "UniTeam" rally held at the WES Arena in Punturin, Valenzuela city, on February 10 2022. George Calvelo, ABS-CBN News/File
…
Rio de Janeiro will accept Bitcoin for property taxes from 2023
The Brazilian city of Rio de Janeiro will officially begin accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, aka Imposto sobre a propriedade predial e territorial urbana (IPTU).As reported by…
Bongbong Marcos spox on unpaid property taxes: It’s all about politics
Atti. Victor Rodriguez, chief of staff and spokesman for Ferdinand "Bongbong" Marcos Jr. PTV screenshot
MANILA, Philippines — The Marcos family estate tax liability issue is simply being used to score political points for the upcoming…
Residential property taxes proposed by Loudoun County will be discussed at the March 24 city council…
Loudoun County and, by extension, the City of Middleburg are proposing to raise property taxes. This is the result of an increase in county-monitored and assessed land value assessments.
A combination of inflation and a 10-25%!-->…
Can the daughter deduct property taxes on the house she inherited from her mother without a will?
She died two years ago. She wanted me to stay home as long as I wanted because I was the only person taking responsibility for her care.I have several brothers and sisters. All have their own house and have no desire to remove me from it.…
Pimentel wants executive action on Marcos’ uncollected property taxes
Metro Manila (CNN Philippines, March 23) — Senator Koko Pimentel criticized the Bureau of Internal Revenue's (BIR) late collection of unpaid property taxes from the Marcoses, noting that the matter calls for executive action.
"Executive…
Palace refuses to comment on Marcos family’s unpaid P203-B property taxes
FILE. Former first lady Imelda Marcos (R) with children Ferdinand Marcos Jr. and Imee Marcos, singing the Philippine national anthem before the flag-draped casket bearing the remains of the late strongman Ferdinand Marcos…
“Marcos property taxes don’t refute ill-gotten wealth”
Former President Ferdinand Marcos (center) poses with members of his family on January 15, 1986, namely: his wife Imelda; eldest daughter Imee and her then-husband Tomas Manotoc (right); youngest daughter Irene and husband…
Common Misconceptions Reported With Deceased Estate Taxes
Speaking in a recent podcast, Colonial First State Technical Services Manager Craig Day said that when a client dies, it's a common misconception that as long as the estate is held open, no beneficiary will 'needs to…
DOF pushes BIR to collect property taxes from Marcos heirs to generate more revenue for government
Metro Manila (CNN Philippines, March 18) — The Ministry of Finance is pushing the Bureau of Internal Revenue to collect the $203 billion in unpaid property taxes from the Marcos heirs to generate more revenue for the government, which…
Illinois Leaks | Rental property taxes for dummies –
Shelby County, IL. (ECWd) -
the Property tax code is clear: tenants are responsible for paying property taxes on property they rent to an entity (local government) that is otherwise tax-exempt.
We covered property taxes on…
Will property taxes ruin your investment? | Hahn Loeser & Parks LLP
Property buyers often fail to factor in the tax increase associated with their potential sale price when running cash flow pro formas. In Ohio, the sale price is considered fair market value for property tax purposes. Prudent buyers…
Aksyon Demokratiko turns to PCGG to discuss Marcos’ unsettled property taxes
Metro Manila (CNN Philippines, March 10) — Manila Mayor Isko Moreno's political party is seeking clarification from the President's Commission on Good Government on the status of the Marcos family's ₱203 billion in unsettled property…
Do your clients need an IFA to reduce inheritance tax?
As Benjamin Franklin once said, "Nothing in this world is certain except death and taxes."2 And for many Canadian business owners, that's exactly what comes to mind.
They have worked hard, built a thriving business, and hope!--3rd>…
County to Collect Johnstown School and City Property Taxes | News
EBENSBURG, Pa. — When ratepayers in the City of Johnstown and the…
Charlottesville residents could see higher property taxes in 2022 –
CHARLOTTESVILLE, Va. (CBS19 NEWS) - It's the time of year most people dread: tax season.The Charlottesville City Council discussed proposed property tax increases, which could have a big impact on the people who live here.On Monday…
Glen Osborne officials cut property taxes by about 6%
Glen Osborne officials were able to give homeowners a little real estate tax relief this year.
Council recently passed its 2022 budget, maintaining all services and lowering the mileage rate from 5.2 to 4.9 mills, a reduction of 5.8%.
The…
Glenn Youngkin’s Policies on Real Estate, Taxes and the Environment – Business Observer
Glenn Youngkin becomes governor of Virginia on Saturday, replacing the outgoing Ralph Northam, and upending an eight-year run of Democratic leadership.
Youngkin is a political newcomer, who spent more than two decades at the…
Marion County property taxes due February 5
Property tax bills by mailProperty tax bills for the first half of 2021 have been mailed out and are due Feb. 5 to avoid penalties, according to Marion County Treasurer Jan Draper. Invoices are full page and orange/white in color.Taxpayers…
Popular Again: Using Life Insurance Trusts to Protect Against Estate Taxes | Rivkin Radler LLP
Lloyd Harbor Life - January 2022
With the prospect of lower estate tax exemptions and higher inheritance tax rates, now is a good time to consider using life insurance as cover against any inheritance tax. One way to do this is to add an…
Jefferson Hills stays on course on property taxes with new budget
Jefferson Hills homeowners won't have to dig deeper into their pockets to pay property taxes this year.
Council adopted its 2022 budget and kept the milling rate at 5.66 mills at a meeting in December.
The tax rate includes 5.225 miles…
Verona authorities increase property taxes and cut street paving to compensate for accounting error
Verona homeowners will pay more property taxes as the city council approved an estimated 24% tax hike as part of this year's budget.
Council approved increasing the mile rate from 7.8 to 9.7 miles, which represents an increase of 1.9…
Missouri Personal Property / Real Estate Taxes Due
SPRINGFIELD, Mo. (KY3) - Missouri County collectors are reminding you of deadlines and payment information for personal property and property taxes.Most of the personal property and property tax bills were mailed in October. Payments are…
Fox Chapel officials keep line on property taxes, maintain recycling program
Fox Chapel owners will not have to pay more property taxes as part of the borough's 2022 budget.
The Council recently approved its spending plan and its tax ordinance keeping the mileage rate at 2.95 mills.
Projected revenues are…
Manassas Park undercharges residents $70,000 in property taxes after accounting issue
About 450 Manassas Park residents received lower property tax bills than they owed.
Keystone, a company hired by the city to handle all of its financial transactions, from taxes, permits and utility payments, undercharged property owners…
Property taxes on the rise in Sadsbury Township | News
TOWNSHIP OF SADSBURY — Property taxes in Sadsbury Township will rise for…
Saltsburg holds the line on property taxes in 2022 | Local news
SALTSBURG - Borough residents will not see any tax changes in 2022.On Monday, the Saltsburg Borough Council…
The Bristol Press – Second installment of Bristol personal property, property taxes to come
BRISTOL – Bristol's tax collector, Ann Bednaz, recently reminded residents of the city that the second installment of personal and immovable property tax on the October 1, 2020 big list will be due and payable on January 1, 2022. Officials…
Bellefonte owners could see their property taxes increase by 0.5 million | WTAJ
CENTRAL COUNTY, PA (WTAJ) - Bellefonte Borough Council will discuss an increase in property taxes for property owners at its December 6 meeting.
According to Borough Director Ralph Stewart, the proposed increase is 0.5 mil, which…
Buffalo Township officials to raise property taxes 9% for next year’s budget, buy new cop car,…
Officials in the Township of Buffalo plan to raise taxes by about 9% to deal with the rising spending.
Supervisors have proposed raising the tax rate from 5.5 million to 6 million to balance their 2022 budget.
The 0.5 million increase is…
Do you have a plan to protect your inheritance from property taxes? – Family and matrimonial
Goodsill Anderson Quinn & Stifel…
St. Marys To Raise Property Taxes For The First Time In 10 Years | New
ST. MARYS - The publication ordinance providing for the levy and assessment of fiscal taxes for the year…
No 2022 County Property Tax Increase Proposed | News, Sports, Jobs
Property owners in the area will not see an increase in the amount they pay the county in property taxes in 2022 if the draft budget, which was presented at the Lycoming…
(News Focus) Rival presidential candidates fight over property taxes
SEOUL, Nov. 16 (Yonhap) - Rival presidential candidates from the ruling party and major opposition parties have proposed very different policies on property tax, one of the most sensitive election issues amid soaring house prices,…
Unpaid property taxes could jeopardize ownership of your property
United States: Unpaid property taxes could jeopardize the ownership of your property…
Hey President Biden – What Are You Doing About Estate Taxes?
WASHINGTON, DC - SEPTEMBER 09: US President Joe Biden talks about the fight against the coronavirus ... pandemic in the White House State Dining Room on September 9, 2021 in Washington, DC. As the Delta variant…
Property taxes could trap trusts favored by the rich
Two current tax proposals target key points in the estate plans of most high net worth clients. One is making the headlines, but the…
Real Estate Taxes and Payments – Official Website of the Arlington County Government in…
Due dates
Property taxes are billed in two equal installments each year:
First payment : June 15
Second installment: October 5
If the due date falls!--normalTemplateStart-->!-->…
How clients’ residence in the state affects property taxes
When it comes to inheritance taxes, where your client lives has a big impact on how much their estate will owe when they die. There are both state and federal property taxes, and Congress is considering legislation that would…
Sell your business in 2021? There is still time to save on property taxes
Changes in tax legislation on the horizon
The odds seem increasingly likely that Congress will succeed, using the budget reconciliation process, in passing a tax bill between October 1 and the end of the year.
Income and capital gains…
Grassley: Rising property taxes will destroy Iowa’s farm culture
I make it a priority to stay in touch with the Iowans and listen to their thoughts and concerns.
Whether it's at one of my 99 county meetings or at a game between Iowa State and my alma mater, northern Iowa, I meet Iowans wherever…
Changes to the way to pay overdue property taxes in Cabell County
CABELL COUNTY, West Virginia (WSAZ) - As the 2020 Cabell County overdue property tax payment deadline approaches, people used to paying with a card or check will need to adjust to starting next month.âI know it's…
Know the difference between property taxes and personal property taxes
If you are a homeowner, you are probably familiar with property taxes (you can even call them property taxes since the terms have become interchangeable). But hold the checkbook, the two are not exactly the same!…
In Florida, you can avoid property taxes at the state level, but you must follow the rules
Migration to Florida has increased in the wake of the pandemic, especially as executives and retirees!-->…
Commissioners Discuss Property Taxes and Name Stakeholders | Local News
Don't pay the penalty on your Indiana County property tax.It was a reminder that the Indiana County Board of…
What Gen Z Needs To Know About Property Taxes
Young couple doing financial planning
getty
Despite the pandemic, many Millennials are graduating from college and paving their way to success. This is a generation of young people who know what they want out…
Alabama Representative Barry Moore on Pandemic and Inheritance Taxes –
Subscribe to Southeast AgNet by email
News categoriesNews categories
Choose a category
Ag "outdoor"
AgNeTVideo
Agribusiness
Agrosciences
Alabama
Aquaculture
Biofuels / Energy
Biotechnology
Cannabis…
Proposed changes to capital gains and inheritance taxes create headaches
Deaths and taxes
By Jim Moran, CPA
On April 28, the Biden administration released its revenue proposals for fiscal 2022. Along with increasing the corporate tax rate to 28% and the top personal rate to 39.6%, widespread changes were…
School property taxes – Pennsylvania’s most hated – Times News Online
There isn't much agreement between Republicans and Democrats in our area, but there is one thing they are almost universally united on: Just like their constituents, they love to hate!-->…
Mendota Journalist | LaSalle County property taxes due July 1 and September 1
OTTAWA – LaSalle County Treasurer James L. Spelich has sent 66,124 property tax bills to county residents.
The first installment of property taxes is due Thursday, July 1. The second installment is due Wednesday, September 1.
Three…
The 2021 assessment roll is online
Check your property taxes: the 2021 assessment roll is online
Tuesday 08 June 2021 09:34
Last updated: Tuesday, June 8, 2021 9:37 AM
Posted: Tuesday, June 08, 2021 9:34 AM…
Inheritance law and inheritance tax in France
When do inheritance law and inheritance tax in France apply to your assets? This guide explains the French inheritance rates, as well as the specific rules for non-residents and foreigners.
Those who become official French…
Inheritance tax: will the increased base be abolished?
A recent proposal by President Joe Biden raised the possibility of eliminating the base mark-up that allows families to leave certain assets to their heirs without having to pay capital gains tax. The current inheritance tax rules have…
Take action now to lower your property taxes in Indiana!
Businesses and individuals with Indiana real estate valued at $1,000,000 or more for tax purposes should act now to reduce their Indiana real estate tax bill. Long-term tenants obligated to pay property taxes should also take action.
It's…
OECD targets inheritance and inheritance rights
The OECD identifies inheritance tax as an important tool to tackle wealth inequality, especially in the current context of public finance difficulties caused by the COVID-19 pandemic, in a new report published on Tuesday.Inheritance tax in…
2020 St. Louis County Property Tax Concerns
This is an archived article and the information in the article may be out of date. Please look at the timestamp on the story to see when it was last updated.
ST. LOUIS COUNTY, Mo. – Steve Radinsky has helped consumers in…
How deferred interest donations can save on future estate taxes
The name of the game in private equity is interest. Successful transactions generate interest, which can create considerable wealth for private equity professionals. However, it can also lead to significant future taxes that most…
The Future of Property Taxes: Panelists Discuss Assessments and Changes in Tax Legislation
BusinessDen readers took to online Thursday morning for The Future of Real Estate Taxes, a roundtable on property taxes that comes as Colorado county assessors send out notices of new assessments.
Below are some key quotes…
Biden proposes changes to capital gains, inheritance tax, etc.
The country's highest earners may soon see the biggest tax hike in decades on their investments and wages, as President Joe Biden seeks to raise enough funds to cover his third policy proposal of nearly 2,000. billion dollars since taking…
Answers from Victoria Sirota, Scarsdale Reviewer
Understanding your property taxes: Answers from Scarsdale appraiser Victoria Sirota
Monday, April 12, 2021 9:22 AM
Last updated: Monday, April 12, 2021 9:37 AM
Posted: Monday,…
Property taxes are derived from the Legislative Yuan
BACKGROUND:
The changes, aimed at preventing individuals from creating entities to avoid capital gains tax, would apply…
Where are the lowest (and highest) property taxes?
The coronavirus pandemic has closed many doors over the past year, from restaurants to gyms, theaters and offices. But it has also opened up new opportunities with the expansion of video technology and remote working, which employers are…
Preserving Family Farms Act to help ease the burden of property taxes
Defining inheritance tax regulations for farmers has been a hot topic this year. In an effort to preserve family farms for generations to come, Rep. Jimmy Panetta (D-CA) and Rep. Jackie Walorski (R-IN) introduced…
Biden tax hikes could include property taxes
The White House was silent on specific tax proposals ahead of an expected announcement from President Biden on Wednesday, including whether he is currently considering any estate tax adjustments. Press secretary Jen Psaki said in a…
recommends not raising Halifax County property taxes | Coronavirus
After all, property taxes may not increase in the coming fiscal year.Members of the Halifax County Board of…
New York State considers new property taxes
Key points
New York state lawmakers, seeking to close the gap in the state's annual budget, consider tax hikes of nearly $ 7 billion in a package that includes taxes on fundraising mezzanine and on preferred shares, as well…
Senator Sanders introduces ‘99.5% law’ that would raise estate taxes and overhaul estate…
Senator Bernie Sanders introduced what he calls the “99.5% Law” (the “Law”) to the Senate. For deceased persons and gifts made after December 31, 2020, the law would significantly increase federal estate and gift taxes by reducing the…
Property taxes – AG WEST INFORMATION NETWORK
Property taxes
Property taxes are a threat to family farmsInheritance tax is a tax on the transfer of property following death.…
17 states with inheritance tax or inheritance tax
Getty Images!-->!-->!-->!-->!-->!-->!-->…
Worrying about the right thing with property taxes
Death and taxes may be the only certainties in life, but taxes on death are only a distant possibility for most people. The vast majority of Americans will never owe or give enough to owe estate or gift taxes.Many more people could be…
Are property taxes and property taxes the same?
Property and property taxes in CanadaTaking that first step on the real estate ladder can mean a steep learning curve when it comes to financial conditions and how they affect you. A common area of…
to worry about the right thing with property taxes | Personal finance
Those historically high limits are set to end in 2025, meaning that by 2026, the inheritance and gift tax exemption limits would drop to $ 5 million per person, adjusted for inflation. Biden wants the exemption to drop to $ 3.5 million…
to worry about the right thing with property taxes | Smart change: personal finance
Those historically high limits are set to end in 2025, which means that by 2026, the inheritance and gift tax exemption limits would drop to $ 5 million per person, adjusted for inflation. Biden wants the exemption to drop to $ 3.5…
With inheritance tax under debate, consider an IDGT
According to Benjamin Franklin, the only certainties in life are death and taxes. Unfortunately, for the latter, there appears to be only uncertainty as to what proposed…
How are property taxes paid after the loan is paid off
Ilyce Glink and Samuel J. Tamkin
| Tribune content agencyQuestion: I have a question about what happens to your property taxes when you pay off your mortgage. When you have a mortgage, the payment to the lender includes property taxes…
Lease Dispute Series: Property Taxes | Womble Bond Dickinson
COVID-19 has taken many, many things, changed many other things, and brought many new things. One of the novelties brought by COVID-19 has been a whole series of tenancy disputes. Lease disputes - usually, but not always, tenants…
Property taxes and lease disputes
Thursday, February 18, 2021
COVID-19 has taken many, many things, changed many other things, and brought many new things. One of the novelties…
How wealthy families will save on property taxes under Biden’s presidency
Democratic Senate candidates Jon Ossoff (left), Raphael Warnock (center) and US President-elect Joe Biden (right) collide their elbows on stage during a rally outside Center Parc Stadium in Atlanta, in Georgia, January 4, 2021.Jim Watson |…
Pleasant Hills Homeowners To Pay More Property Taxes Due To Garbage Collection
Homeowners in Pleasant Hills will be paying more property taxes this year.
The Council recently adopted its spending plan for 2021 with a one-thousandth tax hike. The new tax rate is 7.75 miles.
The median home value in the borough is…
Oakmont Council Maintains Line on Property Taxes and Borough Fees in 2021 Budget
Oakmont officials kept the line on property taxes and borough fees in their 2021 budget.
Next year's spending plan was approved by a 6-0 vote Monday night.
Councilor Sophia Facaros was absent. Several board members participated virtually…
Extension of the deadline for payment of property taxes for the second half of 2020
Provided by Prince William County
At a meeting on November 17, 2020, the Prince William Board of County Supervisors passed a resolution extending the deadline for paying property taxes for the second half of 2020 by!-->…
What does a Biden White House mean for property taxes?
Dusk settles over the White House, Wednesday, November 25, 2020, in Washington. (AP Photo/Patrick ... Semansky)
ASSOCIATED PRESS
Now that the transition to a Biden White House has officially begun, what will…
Township of Kennett maintains line on property taxes for 2021
By Richard L. Gaw
Personal editor
By a 3-0 vote at their Nov. 18 online meeting, the Kennett Township Board of Supervisors passed the township's draft 2021 budget, which does not propose a property tax increase for residents.
However, he…
Extended deadline to pay property taxes for the second half of 2020
Provided by Prince William County
At a meeting on November 17, 2020, the Prince William Board of County Supervisors passed a resolution extending the deadline for paying property taxes for the second half of 2020 by!-->…
Most Fredericksburg Residents Will See Higher Property Taxes | Local News
Most residential property owners in Fredericksburg can expect to see an increase in their next tax bill.City Council unanimously approved changing the property tax rate for the second half of fiscal year 2021 from 85 cents…
4 ways wealthy families are trying to block higher property taxes under Biden
Tom Merton | OJO Pictures | Getty ImagesWith less than a week before the election, the phones are ringing for estate planning lawyers and accountants.That's because wealthy families fear an overhaul of the inheritance and gift tax…
A Biden presidency could complicate your property taxes and planning. Start preparing now.
Financial advisers suggest considering how the outlook for a Biden administration would affect estate planning.…
Joe Biden paid $ 17,000 in property taxes last year
Recently released tax documents by Vice President Joe Biden and his running mate Kamala Harris show how much the duo are paying in property taxes and mortgage interest.…
Joe Biden and Kamala Harris Reveal Property Taxes
Kamala Harris and Joe Biden with Donald Trump (Getty; iStock)
Joe Biden and Kamala Harris lost the ability to deduct tens of thousands of dollars in property taxes from their federal income taxes last year following President Donald…
Inheritance tax and inheritance tax in Europe
Inheritance tax traced back to the Roman Empire, which collected 5 percent of inherited property in order to pay soldiers' pensions. Today, the practice is widespread.
The majority of European countries covered by today's card…
Luzerne County Council will not forgive 2020 property tax penalty after August 18
Property owners in Luzerne County must pay their county property taxes by August 18 to avoid a 10% late fee, as the penalty has not been waived for the remainder of the year.
The council had extended the non-penalty deadline from…
Property taxes to finance Biden’s $ 775 billion solidarity economy plan
Joe Biden (Getty)
Democratic presidential candidate Joe Biden has unveiled another piece of his economic plan - and it will be tax-funded by real estate investors with incomes of $ 400,000 and more.
The $ 775 billion "solidarity…
Property taxes for the first half of 2020 due July 15
Provided by Prince William County
Prince William County property taxes for the first half of 2020 are due July 15, 2020.
There are several convenient ways for owners to make payments:
electronic check or credit!-->…
Estate taxes: State death taxes continue to disappear
Dying costs less. As the latest federal tax review doubles the inheritance tax exemption, the trend for states to loosen their hold on estates continues in 2018.Delaware is one of the last states to bury its inheritance tax, which froze…
Can’t pay your property taxes? These states have Covid relief policies
CLEVELAND, OHIO, UNITED STATES - 2016/10/07: Cleveland City skyline. (Photo by John ... Greim/LightRocket via Getty Images)
Light Rocket via Getty Images
The economic impact of Covid-19 has had such…
Now is the right time to reduce future property taxes
The IRS's historically low interest rates make this a great time to use one of my favorite family wealth transfer vehicles - Grantor Retained Annuity Trusts (FREE).
FREEs are a well-established estate freeze and giving strategy to reduce…
Rare chance for wealthy families to avoid inheritance taxes
The economic conditions accompanying COVID-19 have created many avenues for change. As a law firm specializing in comprehensive estate and tax planning for high net worth investors, our imperative is to identify planning opportunities as…
Study finds property taxes hit the poor hardest, not necessarily used for intended purposes
LAWRENCE - For many people, especially those who are not wealthy, their home is their most precious possession. But what happens when a person sells this asset? Are they taxed? If yes how much ? A study from the University of Kansas…
Study finds property taxes hit the poor hardest, not necessarily used for supposed ends
LAWRENCE - For many people, especially those who are not wealthy, their home is their most precious possession. But what happens when a person sells this asset? Are they taxed? If yes how much ? A study from the University of Kansas…
Pay now if you want the discount
April 15 — the deadline for the property tax rebate — is approaching as the coronavirus pandemic rages on.Some landlords like to pay their taxes by dropping off the payment to the tax collector in person. But that's not possible this…
Government faces pressure to reverse property taxes
ISLAMABAD:
The government has come under increasing pressure from influential circles to cancel the tax measures in the real estate sector, which it introduced nine months ago to increase the sector's paltry contribution, and to…
Should I donate my property to avoid gift and inheritance taxes?
Q. I have learned that if you give a "gift" below the taxable amount, there will be no tax. If this is correct, can I give "all" of my assets such as our house, my IRA, all of my CDs, and my checking account to my son as a gift so he can…
State property taxes are not yet dead
To paraphrase Mark Twain: Reports of the death of state estate taxes are greatly exaggerated. In fact, there are recent signs that states are starting to strengthen their inheritance tax laws instead of cutting them. This, of course, is…
Boston and Nantucket join call for property taxes to boost affordable housing
Massachusetts communities, including Boston, Somerville and Nantucket, are joining forces to push the legislature to allow them to tax certain real estate transactions and use the money to bolster affordable housing.Cities and towns each…
Collecting unpaid municipal charges and property taxes in Pennsylvania through estate sales can be…
Selling mortgaged real estate to collect unpaid municipal charges and county property taxes under both the Pennsylvania Municipal Claims Act (MCA) and the Real Estate Tax Sale Law (TSL) can present pitfalls for the unwary . The greatest…
Property taxes could hit the less wealthy
Democratic presidential candidates Elizabeth Warren and Bernie Sanders have unveiled ambitious plans to fund universal health care and other programs by raising taxes for the wealthiest Americans. But behind the proposed tax hikes for the…