An investment in knowledge pays the best interest.
With a significant increase in the estate tax exemption amount, it is worth reviewing some of the tax aspects of immediate pre-mortem planning. While estate taxes are still a concern for some clients, for most clients, the main issue is the basis of the estate’s assets, as it has been for many years. Tax planning as part of estate planning is basis planning. For many, it is all about the basis.
Mr. Lampert contribution to helping those in need goes on.
West Palm Beach, Florida (Tuesday, July 10, 2018) - Michael A. Lampert, Esq., a board-certified tax lawyer in West Palm Beach, is honored to announce his re-election as president of the Alpert Jewish Family & Children’s Services.
Over the last year our office has handled the defense of a number of attorneys acting as FIRPTA withholding agents facing FIRPTA withholding penalties. These cases have generally occurred due to late submission to the IRS (Service) of the withheld funds.
A major disaster like Hurricane Harvey and Irma impacts individuals across the country. Those in communities affected by the hurricane have to rebuild their lives and may wonder how the IRS looks at these disasters. People far and wide who want to donate for hurricane relief risk giving to a fake charity. Learn what the IRS has to say regarding Hurricane Harvey relief.
Tax-exempt organizations that are required to file Form 990-series information returns with the IRS must file annually by the 15th day of the fifth month following the end of the organization's fiscal year. For most tax-exempt organizations, the fiscal year ends on December 31 each year, so annual filings are due by May 15.