There are several steps to creating and carrying out an estate plan — not all of which will fall on you. For example, other people must act as your plan's executor and trust's...
Estate Planning: Select an Executor and Trustee With Care
read more
Taxes
Do You Know the Tax Consequences of Selling Appreciated Land?
Individual taxpayers who own appreciated vacant land should know the tax consequences before they sell or subdivide. Here's critical federal tax guidance for these individuals....
Work or Pleasure: The Tax Rules for Hybrid Travel
With business travel picking up again and summer fast approaching, many business owners may be mulling trips that combine work with vacation or other personal activities. A quick...
Beware: Remote Work May Complicate Your Income Taxes
Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home. Some remote workers even...
10 FAQs About ABLE Accounts
Parents of children with disabilities face financial challenges, especially when planning for the children's needs when the parents are no longer around. Congress crafted the...
In-Plan Annuities: A New Twist on the Traditional Pension Model
It's common for employees who are nearing retirement to be concerned with whether their savings will last through their senior years. Those worries are mounting today. With...
Unlock 8 Tax Breaks for Home Ownership
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages....
U.S. Tax Court Tells Deferred Comp Plan Participant to Pay Up
Companies can reap several benefits from offering a nonqualified deferred compensation arrangement to employees. Such plans can help employers attract talent because if...
Using a Trust to Help Financially Straightened Family Members
Even though there are signs that interest rates are likely to rise in the near future, they remain low for now. This means that the benefits of making intrafamily loans remain...
Worker Classification is Still Important
In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contractors to address staffing needs, be careful that these...