August 15, 2023 Disabled Family Members May Benefit From ABLE Accounts Family members often want to help disabled loved ones financially but don’t want them to lose eligibility for their government … Read More
July 31, 2023 Retirement Account Catch-up Contributions Can Add Up If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings. Read More
July 21, 2023 Inheriting Stock Or Other Assets? You’ll Receive A Favorable “Stepped-Up Basis” When planning your estate or inheriting assets, it’s essential to understand the “step-up and step down” basis rules. Read More
July 20, 2023 That Email Or Text From The IRS: It’s A Scam! Criminals keep coming up with new ways to try and steal information from taxpayers. Here are a few of their … Read More
June 29, 2023 The Best Way To Survive An IRS Audit Is To Prepare Don’t panic if you get an IRS letter stating your tax return is being audited. Here are the latest IRS … Read More
June 28, 2023 Should You Consider A SLAT Trust? A spousal lifetime access trust offers the ability to capitalize on the current federal gift and estate tax exemption while … Read More
June 23, 2023 Married and Not Earning Compensation? Consider a Spousal IRA If you’re married and don’t earn compensation, you may be eligible for a spousal IRA. Here are the rules for … Read More
June 23, 2023 Virtual Currency Lands In The IRS’s Crosshairs If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying … Read More
June 20, 2023 When Can Seniors Deduct Medicare Premiums On Their Tax Returns? Seniors with Medicare insurance (including supplemental) can potentially deduct premium costs and other medical expenses on their tax return. Read More
June 15, 2023 Reduce The Impact Of The 3.8% Net Investment Income Tax High-income taxpayers may face an additional 3.8% net investment income tax. Who does the tax apply to, and how do … Read More
June 9, 2023 Benefits Of A Living Trust For Your Estate You’ve probably heard that you should avoid probate in estate planning. But what does that mean and how is it … Read More
June 2, 2023 Being a Gig Worker Comes With Tax Consequences Many people turn to “gig” work for additional income. Here are the tax consequences of taking on these jobs. Read More
