1 min read
Properly Funding Your Revocable Trust Is the Key to Unlocking Its Benefits
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded....
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
1 min read
Still Working After Age 70½? You May Not Have to Begin 401(K) Withdrawals
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than...
3 min read
Defeating Age Discrimination in the Workplace
Despite record-breaking low unemployment rates, "age discrimination remains a significant and costly problem for workers, their families and our...
2 min read
When Life Insurance Becomes Taxable
Consider these facts on aging from the 2010 Census¹: The highest growth rate for a 10-year age group within the older population (age 65+) was for...
1 min read
5 Benefits of Working in Retirement
In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force...
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Investment Interest Expense Is Still Deductible, but That Doesn’t Necessarily Mean You’ll Benefit
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA...
2 min read
Building an On-Off Switch into Your Estate Plan
The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your family. Unfortunately, there can be...
2 min read
When Are LLC Members Subject to Self-Employment Tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in...
1 min read
Create a Road Map to Protect Your Estate
No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may not be enough. Consider...
2 min read
Could Your Business Benefit from the Tax Credit for Family and Medical Leave?
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees....
1 min read
Stretch Your College Student’s Spending Money with the Dependent Tax Credit
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not...
1 min read
The 2018 Gift Tax Return Deadline Is Almost Here
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file...
1 min read
There’s Still Time for Small Business Owners to Set up a Sep Retirement Plan for Last Year
If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified...