Many people may not be aware of the fact that teenagers may contribute to IRA’s.
As mentioned above property transfers between spouses as part of divorce decree or separation agreement are tax-free however, disposing of the property could have unintended tax .
The cost of education continues to rise each year so it is helpful to be aware of some programs that allow parents to save for the cost of their children’s education.
Last December when Congress passed the Protecting Americans from Tax Hikes Act of 2015, or PATH Act as it is more commonly known, many tax provisions were impacted.
Alimony is a payment made to a former spouse under a divorce or separation agreement.
In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.
If your kids have been begging you for money and you need a little extra help running the family business, it may be beneficial to the whole family to start putting them to work after school or during the summer.
A common misconception is that trusts are only for the extremely wealthy, however, there are a host of benefits that trusts can provide to everyone.
Life insurance can benefit individuals and their families in numerous ways.
The Bureau of Economic Analysis (BEA) recently released a report stating that during 2015, new foreign direct investments into the U.S. hit an all-time high of $420.7 billion.