Tags » Estate Tax

An Economy of One - August 17, 2016

Hour1 : FOMC minutes released today; 45 years ago Nixon took us off the gold standard to pay for the Vietnam War; Nixon’s wage and price control fail; The effect of the price controls – ceiling creates a shortage, a floor creates a surplus (and how this relates to the minimum wage/’Fight for $15.); Academic economists don’t take into account the personal preferences and actions of human beings, Austrian Economics does take that into account; Stores that take food stamps will soon have to provide access to fresh fruits and vegetables. 72 more words


Trump's Olive Branch to Business

Donald Trump will attempt to get his presidential campaign back on track today by making a speech to the Detroit Economic Club that will appeal to business and conservative voters. 217 more words


Estate Tax


Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition. 1,164 more words


4 Things Beneficiaries Who Receive IRS Form 8971’s Schedule A Must Know

By Jacey L. Hayes

When someone inherits assets, he or she is supposed to have a tax basis in the inherited asset for income tax purposes equal to the “fair market value” of the inherited asset at the date of death. 659 more words

Tax And Trusts & Estates

Increased Estate Tax Exemption for 2017

Official numbers from Treasury will not be released until late October, but here are my projections for 2017 estate and gift tax exclusion amounts:

  • The Basic Exclusion Amount (IRC §2010(c)(3)) used to compute the Unified Credit Against Estate Tax will probably be $5,500,000; this would be an increase of $50k (or 0.9%) over 2015’s exclusion amount;
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Gift Tax


With the lifetime gift and estate exclusion now at $ 5.45 million and with the existing portability each married couple now having $ 10.9 million of total exclusion, many think that there is no need for Estate Planning. 522 more words

Estate Tax = Death Tax: Burden of our Beneficiaries

All of us will die. It is just a matter of time. Some will go sooner and some will go later. But at the end of the day, what matters is we have everything planned and covered for the people we will leave behind. 255 more words

Financial Literacy