Tax-related identity theft is a concern during holiday season warn the IRS
November 30, 2021Tax-related identity theft is a concern during holiday season warn the IRS The Internal Revenue Service, state tax authorities and the tax preparation industry are working to highlight the dangers of tax scams and identity theft at this time of year calling it National Tax Security Week. Taxpayers and tax professionals need to beware of… Read more »
Tax Concerns Due to Current Legislation
November 29, 2021Tax Concerns as a Result of the Infrastructure Investment and Jobs Act and the Build Back Better Act As we approach the end of the year, recent legislation can impact your tax and wealth management plans. We have reviewed the final Infrastructure and Jobs Act as well as the latest proposed Build Back Better Act…. Read more »
Thanksgiving: A Good Time to Talk Estate Planning
November 21, 2021It’s Thanksgiving-Let’s Talk Estate Planning Usually, the rule at large gatherings of friends and family is you don’t talk about politics, religion, or personal finances. Yet Thanksgiving offers a great chance to get caught up with loved ones who make up your “family.” With everyone gathered together, you have a prime opportunity to discuss the… Read more »
Time to Start Investing
November 18, 2021The Time to Start Investing is Now Does the thought of funds and portfolios make you start to sweat? Do you think investing is only for the rich? Don’t let excuses or fear cause you to skip out…investing is a great way to grow your wealth. We can all get behind that concept. These days… Read more »
Estate Planning Assistance for Veterans and Active Military
November 10, 2021Whether you’re a veteran or active military, thank you for your service. Here is some help to put a plan in place to safeguard your family and your legacy. This should include how their family members will manage if the head of their household unexpectedly dies. For military service members, the thought of how they… Read more »
New Tax Proposal Weakens Grantor Trusts
October 29, 2021Tax Proposal Targeting Grantor Trusts to Help Close Tax Gap For decades, trusts have been used in estate planning as a way for people to ensure that their assets are distributed according to their wishes after death. Trusts give individuals more flexibility with their assets than a simple Will and can utilize strategies to reduce… Read more »
The $600 Question-Will the IRS Be Tracking Your Expenses?
October 25, 2021What is the happening with the IRS tracking Expenses? Part of the Build Better Back Plan, proposed by the Biden administration, has people scratching their heads in confusion. Mostly due to a component of the plan to beef up IRS auditing. The administration wants to expand the agency’s funding and power. The proposal would require… Read more »
New Income Tax Law Changes – What You Need To Know
October 15, 2021The new income tax law changes will affect your financial plans whether you are an unmarried, married individual, trust, or estate with taxable income. It is important to understand the new tax rate and how it will affect your long-term and short-term financial goals. Here is what you need to know about the new income… Read more »
What is Legacy Planning?
October 13, 2021Legacy planning encompasses the financial, legal, and emotional aspects of preparing for death. It’s important to take care of your family’s well-being after you’ve passed away by making sure their needs are met. One common way to do this is through a will or trust because it outlines who gets what assets when someone passes… Read more »
Planning a Special Needs Trust
October 08, 2021Start Planning a Special Needs Trust Now A Special Needs Trust is an Estate Planning tool that lets you better protect your disabled loved one without putting their eligibility for government-offered benefits, like Supplemental Security Income (SSI) and Medicaid, at risk. Trying to plan for a future you can’t control can feel overwhelming, but that’s why we’re… Read more »