TAXES MEDICAL EXPENSES LICENSE

In addition, other professionals (such as appraisers, surveyors, financial advisors and others) may need to be engaged during this timeįor federal tax purposes, the terms “spouse,” “husband,” and “wife” includes individuals of the same sex who were lawfully married under the laws of a state whose laws authorize the marriage of two individuals of the same sex and who remain married.

TAXES MEDICAL EXPENSES LICENSE

CPAs or EAs may also handle most of the work, but cannot take care of wills, trusts, deeds and other matters where a law license is required.

However, some attorneys handle all of the work. The CPA or EA often handles the actual return preparation and some representation of the donor in matters with the IRS. The attorney usually handles wills, trusts and transfer documents that are involved and reviews the impact of documents on the gift tax return and overall plan. Finally, after the individual(s) are employed and begin to work on transfer matters, make sure the lines of communication remain open so that there are no surprises.įinally, people who make gifts as a part of their overall estate and financial plan often engage the services of both attorneys and CPAs, EAs and other professionals. Locate other individuals that have had similar experiences and ask for recommendations. This process should be similar to locating a good physician. Ask about how much experience they have had and ask for referrals. However, if the transfer is large or complicated or both, then these actions should be considered It is a good idea to discuss the matter with several attorneys and CPAs or EAs.

Do I need an attorney, CPA, Enrolled Agent (EA) or other professional(s)?įor most simple, small transfers (less than the annual exclusion amount) you may not need the services of a professional.

The Internal Revenue Service cannot make recommendations about specific individuals, but there are several factors to consider:

Taxes medical expenses