The Internal Revenue Service recently announced 2024 annual inflation adjustments for more than 60 tax […]
2024 Annual Inflation Adjustments from the IRS – Cross-Border Implications Continue Reading
Transfer Certificates are releases of the Federal estate tax lien on a decedent’s property. They are issued by the Internal Revenue Service (IRS). The estate administrator (personal representative, executor, successor t…
What is a Transfer Certificate from the IRS Continue Reading
1. Understand how the U.S. Estate Tax affects your estate.
U.S. Estate Planning Checklist for Snowbirds Continue Reading
So, you’re the Personal Representative of an estate of a deceased Canadian with a vacation home in Florida (or a cottage in Michigan) with a fair market value on the date of death of $400,000 and an account at Bank of Am…
(Estate) Tax Treaty Relief for Canadians with U.S. Property Continue Reading
In a previous post I wrote about the estate & gift tax exemptions increasing in 2018 to over $11,000,000 ($11,700,000 in 2021). However, that threshold for filing an estate tax return and paying estate tax relates to Uni…
Canadians & the U.S. Estate Tax Continue Reading
No matter your political affiliation, a new Presidential Administration comes with questions to which the answers may affect your estate.
A Biden Administration & the Estate Tax Continue Reading
