News & Insights

Watch Out for IRD “Income in Respect of a Decedent” Issues When Receiving an Inheritance

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Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While […]

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A Refresher on the Trust Fund Recovery Penalty for Business Owners and Executives

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One might assume the term “trust fund recovery penalty” has something to do with estate planning. It’s important for business owners and executives to know better. In point of fact, the […]

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Inheriting Stock or Other Assets? You’ll Receive a Favorable “Stepped-up Basis”

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If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.   How do the rules work? Under the […]

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The Importance of Pre-Death Estate Planning

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By: Jen Danko  Planning for the future is a responsibility we all share. One crucial piece of crafting a solid life plan that often gets overlooked is estate planning.   […]

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Your Estate Plan: Don’t Forget About Income Tax Planning

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As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much […]

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