Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would Read more
A review of significant TCJA provisions impacting individuals
Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA) Read more
Year-end tax and financial to-do list for individuals
With the dawn of 2019 on the near horizon, there are many items that you need to take care of before the end of 2018. here’s a quick list of tax and financial to-dos you should address before the end of the year. Read more
When holiday gifts and parties are deductible or taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or sending out invitations Read more
Why the kiddie tax is more dangerous than ever
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such Read more
Consider gifting appreciated stock instead of cash to adult children
We’re entering the giving season, and if making financial gifts to your loved ones is part of your plans — or if you’d simply like to reduce your capital gains tax — consider giving appreciated Read more
Year-End Thank You Gifts from Business Owners
During the holiday season, it is natural for business owners to think about giving something to key individuals. On your list might be your employees, customers, suppliers, or others Read more
Want to help your child buy a home? Don’t wait!
Mortgage interest rates are still at low levels. But they likely will increase as the Fed continues to raise rates. So if you’ve been thinking about helping your child buy a home, consider acting soon. There also Read more
Do you need to file a gift tax return for gifts made in 2016?
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate planning strategy. Or perhaps you just wanted to provide loved ones with Read more
Why meeting the 2016 annual gift exclusion can still be a good idea
It’s Christmas time. And while you may be doing your last minute shopping for that hard to shop for relative, you also need to be considering meeting your 2016 annual gift exclusion. Read more