Strategies for Donating Gifts to Charity or Gifting to Loved Ones As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved in these transactions. Donating...
Opening a New Location Calls for Careful Planning The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome seemingly insurmountable challenges, while others have seen remarkable growth...
How is Your Tax Bill Affected If You Rent A Vacation Home Out? If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s rented...
Planning for Year-End Gifts With the Gift Tax Annual Exclusion As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones...
If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at elementary, middle and high schools, as well as those attending college,...
The Steps to Preparing A Financial Plan for Your Future If you want to be sure that your future is secure, then you need a financial plan. There are plenty of unforeseen events that could disrupt your finances, but with some good planning, you can minimize and...
