Federal Estate Tax
The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market value of these items is used, not necessarily what you paid for them or what...
You Say Tomato, I Say Tomato
It was on this day in 1893 that the Supreme Court ruled that the tomato was a vegetable, not a fruit. Their ruling was in light of a 10-year-old piece of legislation called the Tariff Act of 1883, which ruled that a 10 percent tax had to be paid on all imported...
Chapter 7 and Chapter 13 Bankruptcy Myths and Fallacies
1. YOU CAN’T FILE BANKRUPTCY UNDER THE NEW LAW No, THE 2005 REFORM ACT just made it more difficult and added SPEED BUMPS to overcome. This is why you need to consult a consumer bankruptcy attorney before you do anything if you are in financial distress. 2. YOU MUST BE...
Facing Foreclosure
Purchasing a home can be one of the most significant investments a person or family makes. After the sale is complete, there is often no one available to consult with when you experience financial troubles and face foreclosure. This article is designed to provide a basic introduction and description of the foreclosure process, the laws governing foreclosure, and possible options for those facing foreclosure.