Estate Tax
Estate Planning Documents for Young Adults
Some individuals wait for major life events to start an estate plan. However, planning for life’s uncertainties is might be crucial as…
2014 Tax Changes
As we are in the final quarter of 2013, our North Carolina tax attorneys are taking a look ahead at what the…
Repeal of the Permanent Federal Estate Tax?
The federal estate tax was made permanent as part of the American Taxpayer Relief Act. (A few months after ATRA passed, Obama’s 2013…
Congress Starts on Estate Tax Debate
The federal estate tax exemption is currently set at $5 million ($10 million for married couples), with a 35% rate. This law…
What Happened to the Estate Tax Exclusion Portability Deadline?
Estates who have not yet filed a federal estate tax return (IRS Form 706) electing portability now have a new deadline to…
NC Tax Questions for Same-Sex Marriages
Same-sex marriages are not legal in North Carolina, however same-sex couples who reside in North Carolina and were legally married in a…
Repeal of the North Carolina Estate Tax?
Recently we wrote about North Carolina potentially joining several other states that are repealing state estate tax (or “death tax”). Last week,…
North Carolina’s Estate Tax: Dying Out?
Most of the country’s attention has been on federal estate tax changes made by theAmerican Taxpayer Relief Act of 2012. Little focus…
2013 Estate and Gift Tax Exemption Set at $5.25M
Just over a week since tax legislation changes were made in the last-minute fiscal cliff deal, the Internal Revenue Service has confirmed…
9 Steps (Days) Away From the Fiscal Cliff – EIN Problems Too
Congress has failed to avert the fiscal cliff. We have only nine days until the estate tax exemption drops to $1 million…
