Estate Planning When Time is Short

  Estate Planning When Time is Short June 18, 2020   The novel coronavirus (COVID-19) pandemic has caused some people to contemplate their own mortality or that of a family member. For those whose life expectancies are short — because of COVID-19 or for...

Transfer Your Vehicle in a Living Trust

  Should You “Park” Your Vehicle in a Living Trust? June 25, 2020   Using a revocable trust — sometimes referred to as a “living trust” — is a common estate planning strategy to manage one’s assets during life and to avoid probate at death. For the trust to...

Time to Build Your Case for Loan Forgiveness

Time to Build Your Case for Loan Forgiveness   June 30, 2020  Around three quarters of small businesses in the United States requested relief from the SBA PPP loan program to help make payroll, loan and rent payments due to the recent pandemic. As long as 75% of...

Understanding the Home Gain Exclusion

Understanding the Home Gain Exclusion   June 22, 2020  The Home Gain Exclusion Benefit Explained For those who qualify, a married couple can exclude up to $500,000 ($250,000 for unmarried taxpayers) in capital gains from the sale of your principal residence. This...

Should I Pay My Tax Bill with a Credit Card?

Should I Pay My Tax Bill with a Credit Card?   June 16, 2020  The IRS has contracted with a few credit card merchants to offer credit cards as a method of payment. Why not? Most of us are used to paying for merchandise from groceries to sweaters with our credit...

Ideas to Help Local Businesses

Ideas to Help Local Businesses as They Re-Open   June 5, 2020  Here are several ideas to help local businesses financially as they re-open their doors: Continue Buying Gift Cards For many small businesses, positive cash flow is the primary factor whether they...