No word as yet about Michael Jackson’s will. According to a June 29, 2009 article in The Independent: "For reasons that remain murky, Jackson’s immediate family have so far had no luck in persuading his former entourage to grant access to his will, the one document that could reveal details of how the performer
Amnesty for Unreported Foreign Accounts
On March 23, 2009 the IRS announced a new voluntary disclosure program for undeclared foreign accounts. The "amnesty" program is open for six months, closing on September 23, 2009. For qualifying taxpayers who come forward and report their undisclosed foreign bank accounts and pay back taxes for six years plus interest and some penalty, the
Consumers Beware: Trust Mills Aren’t To Be Trusted
Fear-mongers have used the inter-vivos trust, also called revocable living trust, to sell books, trust kits, trust documents and other products and services. They often do this without regard to the individual’s tax and personal objectives. They scare the client by telling them that probate is a dreadfully complicated and horrendously expensive process. Then they
Innocent Spouses Can File for Tax Relief
“For Better, For Worse; For Richer, For Poorer”
You’ve heard of the “marriage penalty” — two people married to each other with the same income as two single people pay more taxes. Let me tell you about another “marriage penalty.”
If you file a joint return with your spouse and there is a problem and