Categories for Tax and Financial News

3 Big Tax Issues to Look Out for in Your Estate Plan

August 1, 2019 12:00 pm Published by

There are three big tax issues that can derail an otherwise well-executed estate plan. These include Family Limited Partnerships, Revocable Trust Swap Powers and Trust Situs. Below we explore the pitfalls with each issue. Fixing FLPs Family Limited Partnerships (FLP)... View Article

HSA Accounts and Their Incredible Long-term Benefits

May 1, 2019 12:00 pm Published by

Pretty much everyone has heard about 401(k) plans, but beyond these – Health Savings Accounts (HSAs) also can be great retirement vehicles. HSAs are tax-advantaged savings accounts for those with high-deductible health plans (HDHPs). The idea is that since those... View Article

Winners and Losers of the Tax Bill

March 1, 2019 12:00 pm Published by

In 2018 when President Trump and the Republican Congress rewrote the tax code, everyone knew there would be winners and losers. Exactly how this will play out is just starting to be seen – it closes loopholes while opening others... View Article

When Is A Loan Not A Loan?

February 1, 2019 12:00 pm Published by

With the sweeping new tax legislation in 2018 capturing everyone’s attention, other changes have taken a back seat. There were several Tax Court cases in 2018 that rendered important decisions impacting how things work – one of which was Povolny Group,... View Article

Divorce Can Be Taxing

January 1, 2019 12:00 pm Published by

Divorce is expensive. Aside from the emotional toll divorce takes on a family, both the process and aftermath of a divorce can be costly. Below we look at some of the steps people can take to help remove the tax... View Article

What’s the Best Type of Business Entity for Tax Purposes

December 1, 2018 12:00 pm Published by

There are several major types of business entities, including S Corporations, C Corporations, Limited Liability Companies (LLCs) and being self-employed. Each type of structure has its own advantages and disadvantages when it comes to taxes, assets and liability protection. Generally,... View Article