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Shamsey Oloko March 22, 2017 Donald J. Trump, Estate Tax 0

The Estate Tax Is Dead. What This Means For The Rest Of The Living

The original purpose for the enactment of the estate tax in 1916 was to be a temporary tax used to pay off the war bonds of WWI. One hundred years later and it’s still around. However, Donald Trump has pledged…

Shamsey Oloko August 15, 2016 Deductions, Estate Tax, Income Tax, New York Sales Tax, Social Security Taxes, State Sales Tax 0

The Most Overlooked Tax Deductions, Part 3

Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…

Shamsey Oloko July 4, 2016 Estate Tax, Gift Tax, Income, Income Tax 0

Using The Gift Tax Exclusion To Protect Your Estate

Most of us don’t have to worry about the federal estate tax or gift tax. In 2016, the lifetime gift and estate tax exemption is $5.45 million. Thus, any taxpayer while alive may give, and at death, devise, or bequeath, up…