10 New Year’s Resolutions to Improve Your Personal Financial Position
Have you ever kept a New Year's resolution for the entire year? Every January, millions of Americans make promises to eat […]
Revenue Recognition: New Rules Go Live for Private Companies
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must implement new revenue recognition rules in fiscal years that start […]
Can You Have Too Much Tax Deferral?
Taking steps to defer your individual federal income tax bill is often a good idea. If you expect to be in the same tax bracket in future years, lowering this year's taxable income will postpone your tax bill and give you extra cash to work with until the bill comes due. If your tax rates turn out to be lower in future years, deferring taxable income into those future years will cause the deferred amounts to be taxed at lower rates.
IRS Ups the Ante on Retirement Contributions
Every year, the IRS releases cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans will increase. But some will remain unchanged from 2018.
4 Year-End Strategies to Lower Your Personal Tax Bill
The countdown to year end has begun. Have you positioned yourself to minimize your 2018 tax bill? The Tax Cuts and […]
Estate Tax Planning Tips for Married Couples
Estate and Gift Tax Basics The TCJA sets the unified federal estate and gift tax exemption at $11.4 million per […]
Estate Tax Planning Tips for Single People
Estate planning is an important part of your overall wealth management strategy, especially if you're unmarried. Single parents may worry about […]
Proposed Regulations Would Expand Health Reimbursement Arrangements
The Internal Revenue Service, along with the Department of Labor and the Department of Health and Human Services, have issued proposed […]
Using the Deferred Sales Trust™ to Rescue a Failed 1031 Exchange
1031 Exchanges and Deferred Sales Trust™ are both based on the structuring of sales transactions to avoid actual or constructive […]
Primer on the Deferred Sales Trust (DST)
Why Should You Consider the Deferred Sales Trust? If you are considering the sale of a business, corporation, or investment […]