Mar 8, 2021 | Estate Planning, Uncategorized
Creating an Education Legacy Using a Family Education Trust March 18, 2021 For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren and future generations. And what better way to do that than to help...
Mar 8, 2021 | Tax, Uncategorized
Understand Tax Terms: AFRs March 8, 2021 Your grandson needs a car, but cannot afford the payments. As a favor, you provide the $25,000 to purchase the car. You tell your grandson to pay you back when he can, but there is no loan document. The IRS sees...
Mar 4, 2021 | News, Uncategorized
IRS Identity Theft Program March 4, 2021 IP PIN Program Details The IRS’s IP PIN program is an additional layer of security to ensure your tax identity and withholdings are not stolen. When you register in the program, the IRS will mail you a...
Feb 25, 2021 | Estate Planning, Uncategorized
When’s the Right Time to Transfer Your Wealth March 1, 2021 To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the federal gift and estate tax exemption — to an inflation-adjusted $11.7 million in 2021 — is...
Feb 25, 2021 | Estate Planning, Uncategorized
Not Disclosing All of Your Assets Helps No One February 26, 2021 People sometimes keep assets hidden without letting their families know about their location or even that they exist. Similarly, they may have life insurance policies no one knows about....
Feb 25, 2021 | Business, Uncategorized
Differentiating Contractor from Employee February 25, 2021 The Basics As a Contractor If you are the worker and you are not considered an employee you must; pay self-employment taxes (Social Security and Medicare related taxes) make estimated federal and...
