In a recent announcement, the IRS presented the highly-anticipated final regulations on gift and estate tax exclusion amounts made between 2018-2025, confirming there will be no clawback after the exemption amount sunsets. The IRS and the Treasury Department have established … Continue reading
Category Archives: Financial Planning
10 January 2020
IRS Establishes No Clawback Rule on Gifts and Estates
7 January 2020
Important Tax Deadlines in January
Most of us are familiar with the matriarch of all tax days—April 15—but there’s other federal tax deadlines to be aware of as well to stay in compliance with the IRS. January 15 – 4th Quarter Estimated Taxes If you … Continue reading
5 December 2019
10 Reasons Why Your Small Business Needs a Bookkeeper
With many small businesses thriving during the holiday season, this is the time of year that makes running a business exciting and enjoyable! This is also the time of year to reconcile books and prepare for tax season. How can … Continue reading
11 September 2019
What do I do if I am behind a few years in filing my Income Taxes?
This is a very popular question in our tax office and we get it often. “I have not filed my taxes for three years. Am I in trouble or what should I do?” Well, it is important to understand your … Continue reading
17 February 2019
Taxation of Social Security Benefits
At one time, all Social Security retirement benefits were tax free. However, the tax rules are not quite as simple today; instead, benefit recipients fall into one of three categories: For most recipients, benefits remain tax free. For some recipients, … Continue reading
15 February 2019
Steps in Developing a Financial Plan
In order to create a financial plan having a substantial chance of success, the financial advisor must perform the following steps: Obtain all relevant client information necessary to become sufficiently knowledgeable about the client and his or her goals. Evaluate … Continue reading
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