Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023. Here are the rules.
Read More
If you’re selling your principal residence, or you already sold your home in 2023, some or all of the profit may be tax-free. It depends on the amount of profit and your income. Take a look at the basic rules.
Read More
Even if your nonprofit is gearing up for a holiday fundraising campaign, don’t neglect your ongoing fundraising plan. Don’t have one? We explain how to get started.
Read More
Estate tax exemption “portability” can save married couples substantial estate taxes, but only if the necessary election is made.
Read More
Divorce can be financially complicated, especially if one or both of the spouses owns a business.
Read More
If federal estate tax isn’t an issue for your family, you may want to hold on to your life insurance policy for its estate planning opportunities.
Read More
Recent natural disasters in Hawaii and California should remind all nonprofit organizations to establish a disaster plan. Here’s how to help protect your people, operations and technology.
Read More
If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be caught unaware.
Read More
Because of probate’s public nature, avoiding the process to the extent possible is a goal of many estate plans. Here are some strategies.
Read More
Family members often want to help disabled loved ones financially but don’t want them to lose eligibility for their government benefits. A tax-advantaged ABLE account may be the answer.
Read More
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
Read More
Next year, a new provision kicks in that may allow businesses to help employees in financial emergencies through their retirement plans. Here are the details.
Read More
To avoid confusion, pain and possible court proceedings among your surviving family members after your death, maintain only one, original will.
Read More
If you lead a private foundation, you must go out of your way to prevent anything that might be perceived as a conflict of interest or self-dealing. Here’s how to color within the lines and stay out of trouble.
Read More
Learn the reasons why you should have an estate plan even if you’re not married and have no children.
Read More
Some businesses receive large amounts of cash. Depending on the amounts, they may be required to report the transactions to the IRS.
Read More
If you are resuming student loan payments soon, be aware that interest is deductible for some borrowers subject to certain limits. Here are the rules.
Read More
You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corporation or a partnership. Here are the advantages of operating as a limited liability company (LLC).
Read More
Have you heard there’s an enhanced tax credit for making energy-efficient home improvements, beginning this year? Here are the rules.
Read More
There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for sale. Here’s a three-step strategy.
Read More