Your estate plan: Don’t forget about income tax planning.
As a result of the current estate tax exemption amount ($12.92 million in 2023), fewer people are concerned with the federal estate tax. Before 2011, a much smaller dollar amount …
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How to Compile a Marital Balance Sheet in Divorce
Divorce is difficult for almost everyone. Being organized can help facilitate the process. We’ve created a Marital Balance Sheet (Excel) file you can download to help you with the first …
Business Partners Pay Attention to Income Tax Quirks
If you’re a partner in a business, you may have encountered a situation that gave you pause. In any given year, you may have been taxed on more partnership income …
Unlock the Mystery of Estimated Tax Payments: When, Why, and How Much to Pay
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you have taxable income …
Unveiling the Tax Implications of Scholarships
Don’t get caught off guard! If your child has been awarded a scholarship, that’s cause for celebration. For some students, it will mean the difference between going to the college …