News & Announcements

Plan Around the Medicare Tax on Investment Income February 3, 2020

T he 3.8% Medicare tax on net investment income took effect a few years ago. It only affects higher-income individuals, but that can include anyone who happens to have big one-time taxable income or ...

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Dynasty Trust Provides a Bridge to Keep on Giving January 27, 2020

With a properly executed estate plan, your wealth can be enjoyed by your children and even their children. But did you know that by using a dynasty trust, you can extend the estate tax saving benefits ...

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Estate Planning for Singles: Current Tax Rules May Dictate Changes January 20, 2020

Legislation enacted a few years ago made permanent changes to the federal estate and gift tax rules. Specifically, here are the significant estate changes in the American Taxpayer Relief Act: What is ...

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Should You Revoke Your Will? January 14, 2020

L et's say you executed a will years ago but you would like to make changes to it to reflect your current situation. Perhaps you got married, divorced, became a parent, sold a business or experienced ...

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Low Tax Rates Provide Opportunity to 'Cash Out' with Dividends January 13, 2020

Under current tax law, the federal income tax rate for C corporations is a flat 21%. Under prior law, C corporations faced a graduated federal income tax-rate schedule with a maximum effective rate of ...

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Joint Returns: Spouses Are Guilty Until Proven Innocent January 7, 2020

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax return. "Innocent" versus "Injured" Spouse If ...

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