Comment on New York Plans Changes to Estate Taxes by Frank L. Brunetti
Johanna, At long last, New York will consider a proposal to significantly increase its state estate tax exemption from the current $1 million level to match the federal estate tax exemption. This would...
View ArticleComment on Tax Free Gifts Have Increased in U.S. by J Roros
That's good to know thanks!
View ArticleComment on Paying Estate Taxes Over Time by Daniel
If an executor dies berofe the testator (and no second or replacement executor is named in the will) then an application for a Grant of Probate with will annexed has to be applied for. The person...
View ArticleComment on On Whom Does The Corporate Income Tax Fall? by Tim Worstall
Umm: "It is easy to find writers, talk show hosts and politicians who are ready to argue that you, the consumer, are paying a large share of corporate income tax in the form of higher prices on goods....
View ArticleComment on New Jersey Estate Taxes May See Reform by Don
For what it's worth - I'm 78 and my wife is 77. We have 7 children, 26 grand children and a great grandchild on the way. Our estate today would be well below the federal estate tax amount, but enough...
View ArticleComment on Restitution Payments are Tax Deductible by Pam Weekley
Where would an individual who is paying restitution for their prior business deduct the restitution payments on their personal tax return?
View ArticleComment on Restitution Payments are Tax Deductible by MICHEL DUMAS
Are restitution payments deductible for a individuals taxes? It was not identified as a fine or a penalty but as restitution through a plea agreement.
View ArticleComment on Restitution Payments are Tax Deductible by James F. McDonough, Jr.
It is a <em>facts and circumstances</em> determination that depends, in large part, on whether the restitution payments are mandated by a court or by statute or resulted from negotiation...
View ArticleComment on Restitution Payments are Tax Deductible by Katie Makrs
Would the legal fees and the restitution be deductible for individuals in a crime plea deal? The payments were mandated by the court after a plea deal was agreed to.
View ArticleComment on Restitution Payments are Tax Deductible by James F. McDonough
It depends on facts and circumstances. Criminal charges generally no, but there are a few exceptions.
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