Family and Taxes

The Latest

  • October 29, 2012

    Life insurance is an important part of a business. It may be used as a funding mechanism for your buy-sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees. Probably the...

  • October 25, 2012

    Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right...

  • October 25, 2012

    A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

  • January 23, 2012

    Tax credits can help reduce your liability dollar-for-dollar. That being said, they cannot reduce your income tax liability to less than zero. Simply put, your gross tax liability is the amount you are responsible for paying before any credits...

  • April 11, 2011

    If you’re a parent, you want to squeeze all the money out of your tax refund that you can. This includes adding all the child tax credits you can find. Fortunately, there is no shortage of them to be found. You should be able to find something...

  • January 24, 2011

    If you are in the middle of a separation or divorce, you may wonder how your martial status will affect your tax refund status. In fact, there are some things you must take into consideration when dealing with you and your (soon-to-be) ex-spouse’...