Senior Tax Tips
An involuntary fee levied on individuals and corporations enforced by and payable to the government.
Can I Claim My Elderly Loved One as a Dependent on My Taxes?
Dependency is the basis for many different tax credits and deductions for caregivers. If you and your loved one meet these IRS conditions, you may be entitled to an exemption.54 Comments
Inheriting an IRA Can Be Taxing
Inheriting an Individual Retirement Account (IRA) has certain tax implications. Understand your options to avoid costly mistakes.4 Comments
Capital Gains Tax and Estate Planning
Capital gains taxes play an important role in careful estate planning and the probate process. Knowing the specific rules for these taxes and any potential changes to them will help you and your family plan effectively.0 Comments
Mom put her home in a family trust. Do we have to pay capital gains tax once the house sells?
If the trust was revocable (a revocable living trust) and intended simply as a way to avoid probate, your attorney and accountant will tell you that she still owned the real estate at death, so there will be a “step up in basis” for you and the other beneficiaries.0 Comments
Isn't it the law for me to fill out a tax form for the caregiver who is taking care of my dad? She wants to be paid under the table.31 Comments
Questions about Medicaid Estate Recovery Program in Texas. Any advice?5 Comments
My Mother passed away March 1st. I was her POA. Do I still file taxes for her?4 Comments
I'm a caregiver. I've been working almost a year private pay. Who is responsible for taxes taken out?9 Comments
Ask a Question About Taxes
Only need to keep old income taxes for 3 years.7 Comments
Death, taxes, writing a ton of checks.10 Comments
Council tax exemption for caregivers in UK.2 Comments
Oh boy did the IRS mess things up!3 Comments