October 8, 2018
The process of applying for a Trust Tax ID (EIN) Number can be a somewhat stressful one, especially if you don’t know what you’re doing. If you’re unsure about this process, then you’re probably wondering what steps you need to take. You may also...
October 4, 2018
A trust is a legal arrangement which can help you to control your assets and possessions. Often, trusts can help to reduce taxes on your estate and speed up the process of allowing beneficiaries access to those assets. It is important to...
July 30, 2018
Let's face it, dealing with the death of a loved one is never enjoyable; but with a little understanding of what you're going to need in advance, you can soften the hardships involved with settling your Estate of Deceased. The first thing you're...
October 8, 2015
A change in life circumstances, whether good or bad, can affect your tax return.
Here are some...
October 7, 2014
Have you given or received a large gift? Do you know what the tax consequences are? You may be subject to the 40% Federal Gift Tax.
According to the IRS, a gift is "Any transfer to an individual, either directly or indirectly, where full...
September 5, 2014
Are you trying to determine whether or not all of your income is taxable? While the IRS considers most types of income to be fully taxable, there are certain instances where your income may not be subject to tax.
August 10, 2014
As many are still recovering from the Great Recession, the idea of having income (or even excess income) subject to tax is the last thing people want to think about.
Generally, tax law defines income as “undeniable accessions to wealth”...
February 28, 2013
When you receive a windfall — whether it’s an inheritance from a relative, winnings from the lottery or gambling, or proceeds from a legal settlement — you may be...
February 6, 2013
Employers are getting smarter about how they run retirement plans. They are making some moves that are good for younger workers, including automatically enrolling new employees in 401(k) plans and defaulting their savings into target-date funds,...