When you sell property for more than you paid to buy it, the profit is known as  “capital gain.”  Like ordinary income, the capital gain you receive is subject to taxes, but at the...Read More

By Harry S. Margolis The tragedy of Philip Seymour Hoffman's death by an apparent drug overdose is compounded by the estate planning mess he left his partner of many years, Mimi O'Donnell, and their three children. The publicity and estate tax taxes his plan will cause mirror those of James Gandolfini's,...Read More