5 Last-Minute Ideas to Lower Your 2018 Taxes
1. Choose to Deduct State and Local Sales Taxes If you live in a jurisdiction with low or no personal income […]
Itemizing vs. Taking the Standard Deduction
Under the Tax Cuts and Jobs Act (TCJA), fewer people will be itemizing deductions — and more will be claiming […]
Six Common Mistakes When Taxpayers Prepare Their Own Tax Returns
Tax filing season kicked off as scheduled on January 28. But tax returns for 2018 may require extra time to file […]
Federal Investigators Find Labor Law Violations in Several Cases
The U.S. Department of Labor's Wage and Hour Division (WHD) recently finished several investigations aimed at employers. The agency announced that […]
SIMPLE IRA vs. Solo 401(k): Which Is Right for Your Small Business?
Small business owners have several options for their retirement plans. Two tax-smart and flexible alternatives are SIMPLE IRAs and solo 401(k) […]
Five Reasons to Update Your Estate Plan
Important Reasons to Review and Update Your Estate Plan Let’s assume you are among the approximately 30% of adults who […]
2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and […]
How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange
Over the years, real estate has proven to be a lucrative investment for many households. And, in some parts of the […]
Could Medicare Premiums Lower Your Taxes?
Health care is a top concern for many Americans, especially people who are age 65 and older. While these individuals qualify […]
Deciding Whether to Convert Separate Property to Community Property
Important Definitions:
Community property
Separate property
Quasi Community property
Benefits generally associated with Community Property.
Step Up In Basis
Giving away appreciating assets during your lifetime
Estate Tax Planning involving separate property
Convert Separate Property to Community Property
Drawbacks to Converting Separate Property to Community Property
Benefits to Owning Separate Property
Drawbacks to Owning Separate Property
How To Keep Your Separate Property Separate