Does A Beneficiary Pay Taxes on A Life Insurance Policy?
In Pennsylvania, life insurance proceeds are exempt from PA inheritance tax when the policy is on the life of the decedent. Beneficiaries will also not
In Pennsylvania, life insurance proceeds are exempt from PA inheritance tax when the policy is on the life of the decedent. Beneficiaries will also not
Although there is no gift tax in Pennsylvania, there is a federal gift tax. A gift, according to the IRS, is a property transfer in
Pennsylvania is one of few states that does in fact have inheritance tax. The amount of tax paid varies depending on your relationship to the
A failure-to-file penalty will be imposed if you do not file your taxes. The Internal Revenue Service (IRS) may file a substitute return on your
To finish our FAQ series, we will cover questions that overlap with the firm’s other areas of practice. Can I sell my house with
Continuing our FAQ series, we wanted to review some common terms and procedures. How do you file for a tax extension? How do I
To continue our series from last week, we wanted to cover a few questions that covered tax liability on alternative sources of income: Do
As we get ready to help our clients through their 2020 taxes, we wanted to take the next few weeks to review questions that