Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones
The holiday season is a time of giving, and while the joy of gifting is often its own reward, there are ways to make your generosity even...
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Jul 263 min read
Essential Tax and Financial Planning Strategies for Boomers and Gen Xers Approaching Retirement
As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This...
May 286 min read
Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift
A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as...
Apr 264 min read
Installment Sale – a Useful Tool to Minimize Taxes
Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in
Mar 226 min read
Biden's Tax Agenda
During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...
Mar 138 min read
Unique Charitable Giving Options
There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your...
Feb 217 min read
Gift & Estate Taxation - An Overview
Gift and estate taxes are both part of the federal transfer tax system and are interconnected. Gift tax applies to transfers of wealth...
Jan 196 min read
Major Tax Sunset on the Horizon
Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below....
Oct 4, 20237 min read
Financial Aspects of Elder Care Planning
When we’re young and vibrant, we think that we’ll never grow old. We enjoy each day never thinking there might come a day when we’ll...
Dec 13, 20214 min read
Don’t miss tax free gifting opportunities
If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways...
Oct 15, 20216 min read
Required Minimum Distributions Have Resumed for 2021
When Congress established tax-favored retirement plans, they allowed taxpayers to take a tax deduction for the amount of their allowable...
Oct 12, 20212 min read
Mega-Rich Backdoor IRA Strategies May Backfire If New Tax Bill Passes
While it’s usually true that the “rich get richer,” a proposed tax code will prove a remarkable exception if the House has its way. The...
Aug 2, 20216 min read
How Can You Save a Business After the Owner Dies?
When you’re in the midst of building or growing a business, the last thing on your mind is what happens if the owner suddenly dies. If...
Jul 30, 20213 min read
The Many Benefits of 401(k) Profit-Sharing Plans
If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a...
Oct 18, 20204 min read
Is a Living Trust Appropriate for You?
Living trusts are an estate-planning tool, and there is not a one-type-fits-all living trust.
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