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Business Owners Should Review Their Buy-Sell Agreements
A recent tax case hasn’t gone well for a small business, highlighting the need for businesses using a similar (and typical) succession planning arrangement to take a look at theirs.
Business Owners Need Tax Planning Strategies More Than Ever
A landmark tax case before the U.S. Supreme Court about unrealized gains underscores business owners’ need for tax mitigation planning.
By Bruce Willey, JD, CPA Published
New Rules for Inherited IRAs Could Leave Heirs With a Hefty Tax Bill
Thanks to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.
By Sandra Block Published
Financial Planning in Retirement: Seeing All the Angles
In addition to investments, your financial adviser should be talking to you about insurance, Medicare, Social Security, long-term care, estate planning and tax planning.
By David C. Treece, Investment Adviser Representative Published
Tax Breaks for Parents of Children With Disabilities
While there are no specific tax credits for parents of children with disabilities, caregivers might benefit from these other tax breaks.
By Katelyn Washington Published
11 Education Tax Credits and Deductions 2023
Tax Credits Education tax credits and deductions are available for college savings, current students, and college graduates.
By Katelyn Washington Last updated
Perplexed by the Gift Tax? Here Are Answers to 10 Common Questions
taxes Generous gifts can sometimes come with tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.
By Joelle Spear, CFP® Last updated
12 Places to Retire If You're Sick of the Heat
places to live Some like it hot; others not so much. Here are the 12 best places to retire if you can't stand the heat.
By Stacy Rapacon Last updated
Tax Changes and Key Amounts for the 2023 Tax Year
Knowing the tax changes that apply for the 2023 tax year will give you a step up in planning and can impact your bottom line.
By Joy Taylor Last updated
Five Tax Planning Strategies to Use All Year to Lower Taxes
Proactive ways to lighten the tax load include deferring or accelerating income, tax-loss harvesting and bunching several expenses into one year.
By Jamie P. Hopkins, Esq., CFP, RICP Published