Gift Tax Archives - FREE Yourself from IRS Problems

The IRS Releases 2017 Inflation Adjustments

Now that we’re well into the New Year, taxpayers should know 2017’s inflation adjustments for several tax provisions set forth in Rev. Proc. 2016-55. These adjustments apply to tax years beginning in 2017 and transactions or events occurring during the 2017…

Shamsey Oloko April 24, 2017 Donald J. Trump, Estate Tax, Gift Tax 0

Trump Will Kill The Estate Tax – Why Does This Matter To You?

Donald Trump has promised to repeal the estate tax. Why does this matter? Well, it really may not matter…for that matter. For the few taxpayers who expect to pay the estate tax, they no longer will have to create tax-exempt…

Shamsey Oloko December 21, 2016 Gift Tax 0

$21 Million Gift Tax, IRS Subpoenas And The Indiana Pacers

The case involving the Indiana Pacers, the sister-in-law of the team’s owner and a $21 million IRS tax bill isn’t over yet. In 2009, a few months prior to his death, Mel Simon gave his half of the Indiana Pacers…