IntroductionAn inheritance tax is a state tax that you pay when you receive money or property from the estate of a deceased person. Unlike the federal estate tax, the beneficiary of the property is responsible for paying the tax, not the estate. However, as of 2019, only six states impose an inheritance tax. And even […]
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Tax attorneys are knowledgeable about tax laws, regulations, and policies at several levels—federal, state, and municipal. In addition to preparing tax returns, tax attorneys can:Represent clients in disputes with tax authorities.Advise clients about the tax implications ofestate transfers,property acquisitions,business transactions, andthe different structures of businesses.Whether you have stock, bonds, ETFs, cryptocurrency, rental property income or […]
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When you save for retirement with an individual retirement arrangement, you probably receive a Form 5498 each year. The institution that manages your IRA must report all contributions you make to the account during the tax year on the form. Depending on the type of IRA you have, you may need Form 5498 to report […]
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