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Beware Of Disability Income Tax Traps

Beware Of Disability Income Tax Traps

by | Jun 20, 2017 | Tax

Originally published on Forbes.com. The Tax Court has characterized the taxation of disability income as “curious and somewhat confusing.”  I would also say it is unfair and that it is really not possible to discern any public policy rationale behind the...
Address On Federal Return Creates State Income Tax Problem

Address On Federal Return Creates State Income Tax Problem

by | Jun 15, 2017 | Tax

Originally published on Forbes.com. People can be unpleasantly surprised when they find themselves hit with income tax by a state in which they were neither working nor living in the year in question.  One of the reasons that happens is because of a concept called...
Tax Rate Of 137% On Net Disability Settlement

Tax Rate Of 137% On Net Disability Settlement

by | Jun 12, 2017 | Tax

Originally published on Forbes.com. Disability income is one of those things that creates knotty tax problems for regular people.  Often the results are unfair. That is the way it seemed in the recent Tax Court decision in the case of Michael Nordloh.  He had to...

IRS Offers Estate Tax Relief To Widows And Widowers

by | Jun 10, 2017 | Tax

Originally published on Forbes.com. The IRS has provided some regulatory relief to the class of people I call moderate millionaires.  Revenue Ruling 2017-34 eases the process for an executor to get relief from having failed to make a timely “portability...