COUNTDOWN TO 2020 – Year-End Planning Tips for 2019

December 11, 2019

Tax Tip #1 Long-term capital gains rates have been historically at their lowest level. You may want to consider selling…

Your Business May Be Required to Comply with Form 1099 Rules – Here is What You Need to Know

December 4, 2019

As we get closer to the year end, it is important to know that your business may be required to…

You Shouldn’t Delay Just Because the New Lease Standard is

November 1, 2019

On July 17, 2019 the Financial Accounting Standards Board (FASB) voted to issue a proposal that would require the implementation…

Now may be a good time for a Roth Conversion

May 1, 2020

The coronavirus (COVID-19) outbreak is causing havoc in the global markets and the U.S. economy. In today’s uncertain marketplace, it’s…

Higher Income Taxpayers Open the Door to a Roth IRA

April 1, 2020

If you expect to be in a relatively high tax bracket during your retirement years, you should consider pumping as…

Understanding Taxes Owed on Traditional IRAs Withdrawals 

March 2, 2020

If you own one or more traditional IRAs, you will probably take some withdrawals sooner or later. These withdrawals are…

Review Financial Statements Critically

February 4, 2020

Corporate financial statements should not necessarily be taken at face value. While the financial statements of public companies must be…

The Benefits of Charitable Remainder Trusts

January 7, 2020

A charitable remainder trust (CRT) is an irrevocable trust set up to benefit a charitable organization. The trust’s term is…

What are the Main Reasons People Create Trusts?

December 4, 2019

People create trusts for various reasons. Two significant reasons are to: Avoid probate; or Pay less in federal and/or state…

Save on Taxes While Doing Good

November 1, 2019

If you own assets that have appreciated significantly over the years, you may be able to profit more by giving…

Tax Court: Trusts can Qualify for the Beneficial Real Estate Pro Rule

October 2, 2019

Many rental real estate owners incur tax losses, often due to depreciation write-offs. However, your ability to actually deduct those…

Plan Around the Medicare Tax on Investment Income

September 3, 2019

The 3.8% Medicare tax on net investment income took effect a few years ago. It only affects higher-income individuals, but…

Estate Planning: Retirement Accounts & Your Estate Plan

August 5, 2019

Successful estate planning generally involves passing on your assets to your heirs at a low tax cost. To help achieve…