We're very proud of Carolyn Wood representing the Kotz Sangster team this month at the Swim Across America Motor City Mile open water swim! Carolyn joined more than 100 others in swimming the Detroit River at Belle Isle to raise awareness and funds for cancer research.
Owning a vacation home can create complicated family estate and income tax issues. Planning for the transfer of the family cottage requires a series of thoughtful steps. The cottage can be any vacation home and, whether it's a ski chalet or condo, waterfront property or hunting land, all have financial and emotional ties to a family.
Electronic communications—such as emails or texts—have become the primary form of communication among organizations and individuals. In the modern world, businesses large and small communicate internally and externally using electronic communications...
Due to the COVID-19 pandemic, the federal government announced on March 20, 2020, that Tax Day has been moved from April 15, 2020 to July 15, 2020. This gives taxpayers an additional 90 days to both file their returns AND pay their outstanding tax liability.
The announcement changes one earlier this week, which included a 90-day extension to pay taxes by July 15, 2020 if returns were filed by April 15, 2020 and owed money to the IRS.
According to tax attorney Jeff Sternberg, the filing dates and automatic extensions will continue to be a moving target as the White House and Congress deal with the current situation
Should you have questions or concerns regarding your 2020 tax filing, contact your Kotz Sangster tax attorney for additional information.