October 28, 2020 Divorcing Couples Should Understand These 4 Tax Issues When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning … Read More
October 21, 2020 Buying and Selling Mutual Fund Shares: Avoid These Tax Pitfalls If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales … Read More
October 19, 2020 What Tax Records Can You Throw Away? October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline … Read More
October 8, 2020 There May Be Relief From Tax Liability For “Innocent Spouses” If you file a joint tax return with your spouse, you should be aware of your individual liability. And if … Read More
September 29, 2020 Why it’s Important to Plan For Income Taxes as Part of Your Estate Plan As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to … Read More
September 15, 2020 Homebuyers: Can You Deduct Seller-Paid Points? Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, … Read More
September 8, 2020 Back-to-School Tax Breaks On The Books Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. … Read More
August 27, 2020 Will You Have to Pay Tax on Your Social Security Benefits? If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if … Read More
August 21, 2020 What Happens If An Individual Can’t Pay Taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you … Read More
August 11, 2020 The tax Implications of Employer-Provided Life Insurance Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, … Read More
July 29, 2020 Are Scholarships Tax-Free or Taxable? COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even … Read More
July 28, 2020 Take Advantage of A “Stepped-Up Basis” When You Inherit Property If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for … Read More
