Your house appreciated. A 30-year-old tax rule hasn’t.
Remember 1997? Titanic was still in theaters, CD players were cutting-edge, and Congress decided that if you sold your home, you could exclude up to $250,000 of gain (or $500,000 for married couples) from tax under … Continue Reading
The Medicaid transfer penalty is the most common issue we deal with when we submit an application for Medicaid nursing home benefits. Last September the Division of Health Benefits released new procedures in which they are REALLY cracking down on transfers and gathering much … Continue Reading
Based on multiple true events.
It’s maddening! Chelsea is stuck! Her father executed a power of attorney prepared by a local elder law attorney in 2020 (OK, it was me). The POA has all the necessary bells and whistles to enable Chelsea, his only child, to take care of any … Continue Reading
The CTA is ON HOLD! Sort of.
Thursday evening FinCEN announced its intention not to enforce the pending March 21 reporting deadline.
As I wrote just over a week ago, the Financial Crimes Enforcement Network ("FinCEN") issued a new March 21 reporting deadline.
In the … Continue Reading
The Corporate Transparency Act is BACK! The CTA is ON!
Yesterday, a Texas federal district court lifted the last remaining stay on enforcement of the Corporate Transparency Act ("CTA").
Within the past few hours, the Financial Crimes Enforcement Network ("FinCEN") issued … Continue Reading