September 29, 2020 Why it’s Important to Plan For Income Taxes as Part of Your Estate Plan As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to … Read More
September 15, 2020 Homebuyers: Can You Deduct Seller-Paid Points? Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, … Read More
September 8, 2020 Back-to-School Tax Breaks On The Books Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. … Read More
August 27, 2020 How Nonprofits Should Classify Their Workers for Tax Purposes Employees or independent contractors? It’s not only for-profit companies that struggle with the question of how to classify workers for … Read More
August 27, 2020 Will You Have to Pay Tax on Your Social Security Benefits? If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if … Read More
August 21, 2020 What Happens If An Individual Can’t Pay Taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you … Read More
August 11, 2020 The tax Implications of Employer-Provided Life Insurance Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, … Read More
July 29, 2020 Are Scholarships Tax-Free or Taxable? COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even … Read More
July 28, 2020 Take Advantage of A “Stepped-Up Basis” When You Inherit Property If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for … Read More
July 27, 2020 After You File Your Tax Return: 3 Issues to Consider The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 … Read More
June 26, 2020 How to Regain Your Tax-Exempt Status After Losing It There are many ways for a not-for-profit organization to lose its tax-exempt status — including participating in lobbying and … Read More
June 26, 2020 What Qualifies As A “Coronavirus-Related Distribution” From A Retirement Plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain … Read More
