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Most of us don’t inherit money, property, or a family business very often (if ever!), so it makes sense that most families don’t start planning or asking questions until they’re already in the middle of settling an estate. The problem is that by that point, some planning opportunities may no longer be available.
In addition, what we think we know about inheritance tax ...
We’ve all heard of sales tax, but have you ever heard of use tax? If you haven’t, you’re not alone. In fact, many of my clients think the government is imposing a new kind of tax when they find out that this tax applies to them! In today’s post, I’ll help explain how use tax works and how to know if you owe it.
What is use tax?Use tax is a tax that applies when