Unclaimed IRAs are taxable???
Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?
IRA Rollover
Year-End Planning With Losses Can Save Taxes
Yearend planning with losses may seem like a whole lot of work for nothing, but different categories of losses have different hoops you have to jump through, so understanding the rules is key to getting the most out of your losses.
A Framework For Fixing Our Broken Tax Code
On September 27th, the Trump Administration, along with the House Ways and Means Committee and the Senate Committee on Finance released a unified framework for fixing our tax system.
An Introduction to Generation-Skipping Transfer (GST) Tax
When most people think about what will happen to their assets after they’ve passed, they envision everything going first to their spouse and then to their children.
Changing Jobs? Are You Forgetting Something?
We live in an ever changing world. Some areas which will most likely change many times during your lifetime include your car, job, the place where you live, your hobbies, your relationships with others, and even the organizations you associate with.
Tax Planning For Teenagers – Roth IRA’S
Many people may not be aware of the fact that teenagers may contribute to IRA’s.
Tax Consequences of Divorce: Part 2 – Retirement Benefits, Investments, and Business Use Property
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 .
New Diversification Requirements for Captive Insurance Companies
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.
IRS Enforcement of ACA (Obamacare)
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.
Hiring Children in the Family Business
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.