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JD Supra: Death, Taxes, and the Sale of Business Interests
JD Supra· 18 hours agoIntroduction: What is Estate Tax and Who Has to Pay? Over 200 years have passed since Benjamin Franklin famously wrote, “in this world, nothing can be said to be certain, except...
Most IRS buildings operating at less than 50% occupancy
The Washington Times· 7 days agoA majority of the IRS’s office buildings are running at less than 50% capacity, the tax agency’s...
IRS is reducing its physical footprint but needs a better long-term plan, its IG says
Government Executive· 6 days agoBetween the 2018 and the 2023 fiscal years, IRS’ overall space footprint fell from 24.3 million...
How Much Money Gets Taken Out of Paychecks in Every State
GOBankingRates via Yahoo Finance· 17 minutes agoAh, payday, the very best day of the week or every two weeks depending on when you receive it....
Keep your estate plan simple(ish)
Coeur d'Alene Press· 1 day agoFor example, presuming you have four children and you want them to equally share your estate after your death, you might simply state that 100% of your ...
6 Cities The Middle Class Won’t Be Able To Afford 5 Years From Now
GoBankingRates via AOL· 1 day agoIn the United States, households making a little under $40,000 to a little over $119,000 are...
Fewer Americans are getting tax refunds from Uncle Sam. Here's why that may be
Moneywise via Yahoo Finance· 2 days agoDon't miss Commercial real estate has beaten the stock market for 25 years — but only the super rich...
Vanilla Ice issues stone cold takedown of US death taxes and ‘vulture’ lawyers — shares his two...
MSN News· 3 days agoHe shares the “simplest way to … pass on as much money as you want to your kids”
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 4 days agoAccordingly, the PLR concludes that those C-PACE assessments will be permitted assets for a REMIC. The PLR is consistent with prior statements from the IRS regarding the treatment of special assessments as debt.
A 50-year-old man used an obscure IRS rule to withdraw $20K a year from his retirement savings —...
MSN News· 2 days agoComplex calculations are involved, but the loophole is real.