What changes can we expect to our taxes if Joe Biden wins the election? We offer an analysis of our current tax law compared to changes that Joe Biden has proposed.

IRA ownership of Rental Property

Tax issues with inheriting property

Most people never pay estate taxes because of the exemptions that apply to the tax, and the estate tax exemptions for 2015 and 2016 may save taxpayers millions of dollars. that would otherwise go to the IRS. How much is the estate tax exemption for 2015 and 2016? 

Interesting Estate Tax Facts.  The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates pay the tax because it is imposed only on the portion of an estate’s value that exceeds a specified exemption level — $5.43 million per person (effectively $10.86 million per married couple) in 2015.