The FBAR (Report of Foreign Bank and Financial Accounts) is a form that the Internal Revenue Service (IRS) requires U.S. taxpayers with certain foreign bank accounts to file, wherever they may live—at home or abroad (“expatriates” or “Expats”)....
The IRS provides some relief options that a taxpayer can apply for to reduce or eliminate penalties and interest assessed....
Probate is a process conducted by the surrogate’s court in New York to authenticate a decedent’s (the person who died) last will and testament....
It’s a common myth that only the rich need a will or estate planning. Whether you’re a millionaire or a regular Joe, you should have a last will and testament....
Effective October 1, 2020 there are new NY Medicaid look back rules. Under the new rules, those who completed their asset protection efforts prior to that date have been grandfathered into the old community Medicaid rules (i.e. no lookback period), no matter when they actually apply for benefits. ...