TAX TIPS FOR SENIORS

  As the tax filing deadline approaches, it is important to review tax matters particularly related to seniors and those engaged in asset protection planning. Annual Gift Tax Exclusion The IRS allows an individual to gift up to $14,000 ($28,000 for married couples) to any number of beneficiaries per year without incurring any gift tax.  … Continue reading TAX TIPS FOR SENIORS

LEGAL ALERT Real Estate Transaction Fees Dramatically Increased

Dire county finances on Long Island have led to a dramatic increase in real estate transaction fees in Nassau and Suffolk Counties.  To avoid a 1.2% increase in real property taxes across the board, the counties have instead decided to raise revenue from increased real estate transaction fees, adding hundreds and in some cases thousands … Continue reading LEGAL ALERT Real Estate Transaction Fees Dramatically Increased