Income Tax
How Obama’s Budget May Affect Charitable Gifts
Probably an increase in 2010 and a substantial drop thereafter. From Professor Chris Hoyt of the University of Missouri (Kansas City) School…
Taxes That Apply to Inheritances in NC
While North Carolina’s estate tax was repealed in 2013, other taxes may apply to an inheritance. Tax implications depend on the type…
5 Considerations for Rental Property in Probate
Whether it’s a single property or multiple homes, rental property in probate poses a few concerns. For executors or personal representatives in…
Last-Minute Year-End Tax Deduction: IRA Charitable Rollover
On December 18, 2015, a new law made the IRA Charitable Rollover provision permanent. Now individuals can transfer up to $100,000 from…
3 Estate Planning Items to Consider When Selling a Business
North Carolina consistently appears at the top of national polls as a great place to live and work. A growing population,…
Tax Planning for Family Loans
Lending money to a relative might happen once, twice, or several times throughout one’s lifetime. How often has an individual loaned money…
Tax Concerns for New Domicile
Living in one state while claiming domicile in another could offer many benefits depending on the jurisdictions. Tax benefits are generally a…
North Carolina Retirement Concerns
Climate, cost of living, and amenities generally affect an individual’s retirement destination choice. North Carolina’s convenient location between major cities like Atlanta…
Learn if You Need to File an Amended NC Tax Return
Just after the start of the year, our tax attorneys in Chapel Hill encouraged some filers to hold their returns until after the General…
Tax Planning for North Carolina Business Successions
While transferring business interests can have tax consequences, structuring a business succession plan with regard to tax law can help minimize tax…
