Estate planning is the process of determining how your assets will be distributed after you die. It’s not a fun task, but it is essential. Without a will, your estate…
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The Committee for a Responsible Federal Budget is an independent, non-profit, and bipartisan organization that scrutinizes federal budgets and fiscal plans. When it examined President Biden’s tax plans, the Committee…
In 2017, estate tax thresholds were at $5.49 million. In 2018, the threshold more than doubled to $11.18 million and now sits at $11.7 million. This increase is currently set…
Everyone has an estate, and all of your property, both physical and intellectual, forms that estate. You don’t have to be rich or have a certain amount of assets to…
There’s nothing typical about tax planning in 2020. COVID-19 and the economic fallout are only the beginning. Even without a pandemic, recent developments such as the Setting Every Community Up…
Many accountants and tax consultants recommend business owners who received Paycheck Protection Program (PPP) relief loans to hold off completing their forgiveness forms. Already, the rules about which loans qualify…
A certified public accountant, commonly referred to as a CPA, is a professional accountant who has passed the CPA exam in one or more U.S. states. CPAs must also meet requirements related…
A trust is a legally created fiduciary arrangement designed for the security, growth, and division of assets. There are three distinct roles in a trust, with countless combinations of trust…
Although there are people who qualify as both, tax attorneys and certified public accountants (CPAs) are not the same. They are both financial professionals that aim to protect you and…
While tax season officially began at the end of January, a lot has changed since then. The coronavirus, which is currently affecting countries all around the globe, has swept across…
