How to Determine if You Need to
Worry About Estate Taxes
a simplified way to project your estate tax exposure. Take the
value of your estate, net of any debts. Also subtract any
assets that will pass to charity on your death.
Then, if you’re married and your spouse is a U.S. citizen,
subtract any assets you’ll pass to him or her. Those assets
qualify for the marital deduction and avoid potential estate
tax exposure until the surviving spouse dies.
The net number represents your taxable
You can transfer up to your available exemption amount at
death free of federal estate taxes.
So if your taxable estate is equal to or less than the estate
tax exemption (for 2015, $5.43 million) reduced by any gift
tax exemption you used during your life, no federal estate tax
will be due when you die. But if your taxable estate exceeds
this amount, it will be subject to estate tax.
Many states, however, now impose estate tax at a lower
threshold than the federal government does, so you’ll also
need to consider the rules in your state.
If you’re not sure whether you’re at risk for the estate tax
or if you’d like to learn about gift and estate planning
strategies to reduce your potential liability, please contact
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,