It can often be stressful and overwhelming when dealing with individual, business or estate tax issues. The tax laws are difficult to understand and it often takes an expert specialized in the area of tax law to assist you through the process. The IRS will not hesitate to take action and usually a tax expert can help you navigate through your tax issue. Individual and business tax controversies can escalate into potential wage garnishments, heavy fines, a bank levy, or even an asset levy. We are dedicated to protecting our clients’ interests and achieving tax relief as quickly and efficiently as possible. The IRS is willing to negotiate reductions in tax debt in certain situations, as well as set up payment plans. Our Atlanta estate tax lawyers can assist you with these matters – contact us online, or at (404) 584-5555 now to schedule a consultation as soon as possible.
According to the Internal Revenue Service website, estate taxes are placed on the right to transfer property at the time of death. Estate taxes should not be confused with probate expenses, as these are in addition to probate costs. For many, federal estate taxes can be very costly, and they often need to be paid in cash. Liquidating assets in order to pay off the taxes may be necessary. When planning ahead, however, it is possible to reduce, and potentially eliminate estate taxes.
When one’s total property and assets exceeds the federal estate tax exemption, it is recommended to consider individual, business or estate tax planning. Tax planning should always be tailored to fit your particular needs, consider speaking to an attorney who has significant experience and the right skills to protect your assets and adequately transfer them when necessary.
The attorneys at Atlanta Estate Attorneys are skilled individual, business and estate tax attorneys who understand what is mandated by the law and can examine the most complex issues. Consider obtaining the support of a tax attorney who can provide you with savvy legal guidance and representation. Contact the attorneys at Atlanta Estate Attorneys today for a free initial consultation.
A person will need to pay federal estate taxes when the net value of the estate tax is greater than the national exempt amount predetermined by Congress at the time of the person’s passing. As of July 1st, 2014, the State of Georgia does not levy estate taxes.
When determining the value of the estate, it is necessary to add all assets in order to determine the Gross Estate. This can consist of items such as:
When the Gross Estate has been accounted, certain deductions will be allowed in order to obtain a Taxable Estate. These deductions can include outstanding debts, property that will be given to charities, and mortgages.
Our experienced Atlanta estate tax lawyers handle all types of estate tax matters including:
Let us assist you through this extremely stressful process and be the voice that you need to settle your tax matter with the IRS.
In many cases, estate taxes can be reduced or eliminated through:
Tax strategies in the area of Individual, Business and Estate Tax Planning will change as tax laws and business environments change. As a result, it is vital to tailor each individual plan. When considering tax planning, speak to a well-versed attorney who can answer all of your questions and concerns.
The attorneys at Atlanta Estate Attorneys are highly skilled in the field of tax planning. When concerned about how taxes can affect you, your business or your estate after passing, the attorneys at Atlanta Estate Attorneys can provide you with the right legal options. The estate tax attorneys at Atlanta Estate Attorneys offer a broad range of legal services integrating estate planning. Contact our firm today online, or at (404) 584-5555 for a tailored consultation as soon as possible.