We’ve all heard that having a trust, living will, and other aspects of an estate plan are essential, but estate planning almost always ends up on the back burner. After…
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Millions of people rely on their IRAs to save for retirement. These investment accounts allow individuals to save money tax-free until they withdraw the funds during retirement. The most common…
This guide provides an overview of the latest legislative changes that could impact your return and tax preparation tips to help you get the most out of your 2022 tax…
The Inflation Reduction Act was signed into law in August 2022. The Act was promoted as an effort to slow inflation, which is to be seen. However, the Act will…
Irrevocable trusts are beneficial legal tools for preserving and distributing an estate. They can help reduce tax liability, make access to government benefits possible, provide financial support for a child…
Most companies operate as pass-through entities. Under a pass-through entity structure, tax authorities don’t tax the owner’s earnings at the business level. Instead, owners and shareholders pay the taxes at…
One of the biggest misconceptions surrounding living trusts is that only wealthy people need a living trust. However, a living trust is an estate planning tool that can benefit many…
Most workers attend to their federal income taxes once a year, when tax returns are due on or about April 15. For regular employees, the payment of taxes is made…
$12,060,000 per person. That's the Federal Estate and Gift Tax Exemption for 2022, and you have until 2025 to take advantage of it. In three years, the exemption will drop...
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As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal…
