What is the statute of limitations for the IRS to collect back taxes? The IRS statute of limitations or Collection Statute Expiration Date (CSED) for the IRS to collect back taxes varies depending on the tax return. For instance, if a tax return is filed on time, the statute of limitations is generally three years… Continue reading How Long Can The IRS Collect Back Taxes?
Category: Personal Finance
Is There An Inheritance Tax In Florida?
What are Inheritance and Estate Taxes Inheritance taxes are paid by the individual heirs who receive inherited property. While there is no Federal inheritance tax, some states treat inheritance as income and will tax the recipient of an inheritance. The decedent’s estate pays estate taxes before the estate assets are distributed to the heirs. Florida… Continue reading Is There An Inheritance Tax In Florida?
Wealth Without Risk by Charles Givens – Book Review
What is Charles Givens’ philosophy on wealth and risk management Charles Givens was a leading expert on wealth and risk management, and his philosophy was centered around a few key principles. First, he believed that wealth should be viewed as an end in itself, not merely as a means to acquiring even more wealth. Additionally,… Continue reading Wealth Without Risk by Charles Givens – Book Review