IRS

Estate Planning and Tax Refunds for Art

Posted on: November 19th, 2014
Art collections require specialized estate and tax planning. Without proper planning, a collection acquired over a lifetime could translate into tax debt for surviving heirs or become lost to creditor claims. ...

5 Last-Minute Tax Tips

Posted on: March 26th, 2014
Taxpayers know the tax-filing deadline, but every year individuals around the nation wait until the final hours—and sometimes final minutes—to file. TrustCounsel’s tax lawyers reference a few tips below to help taxpayers manage tax filing under a time crunch. ...

Tax Scams to Avoid This Tax Season

Posted on: March 18th, 2014
Throughout the year our tax planning attorneys in Chapel Hill offer news about back tax scams, charity frauds, andelder financial abuse affecting North Carolina taxpayers. ...

Look Out For Tax Scams

Posted on: February 4th, 2014
Fraudulent companies and individuals take advantage of American taxpayers every year. The tax scammers use deception—and commonly prey on elderly persons—to acquire sensitive personal information....

Tax Season Postponed: Use Time to Review 2 Changes

Posted on: October 31st, 2013
The Internal Revenue Service recently announced a slight delay for the 2014 tax season. As a result of the government shutdown in October 2013, the IRS anticipates a 1-2-week delay for filers in January 2014. ...

Retirement Accounts Vulnerable to Back Taxes

Posted on: October 24th, 2013
Tax shelter for long-term savings is one of the features that attract people to Individual Retirement Accounts (IRAs). Once certain age requirements are met, distributions from IRAs are penalty-free, and Roth IRA distributions are tax-free—as opposed to taxable Traditional IRA distributions, since contributions to these retirement accounts are made with pre-tax dollars. ...
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