You may have considered a custodial account if you want more flexibility regarding how your child's education funds are allocated. That way, the money doesn't have to be used...
Posted by Rosovich & Associates, Inc. on 11/28/2022
Partnerships should use Schedule K-1 tax forms to distinguish partnership income from owners' income. By doing this, your business will more likely avoid the $54,171 tax penalties...
Posted by Taxes Made EZ Inc on 11/17/2022
Managing investments and wealth for retirement is a daunting challenge. Long-term market performance is difficult to measure, and the time horizon for retirement is shorter than during...
Posted by Abundant Wealth Planning LLC on 10/16/2022
When people plan their wealth in anticipation of their death, it doesn't necessarily mean they want death, but they understand the importance of passing those fortunes to a hand...
Posted by Taxes Made EZ Inc on 10/07/2022
Most retirees depend on social security. One in four people receives 90% of their retirement income from the plan. About half depend on it for 50% of their income. Although Social...
Posted by Dennis Jao on 09/30/2022
Many people believe that "estate planning" and "succession planning" are two ways of saying the same thing. In reality, however, they are separate processes with...
Posted by Dennis Jao on 07/31/2022
Settling an estate means paying the final tax bill. You can use the usual tax forms and Internal Revenue Service guidelines to file taxes on behalf of a deceased person, but it is...
Posted by Taxes Made EZ Inc on 06/24/2022
If you have significant assets or fortune, you will want to protect them when planning your will and decide who will own your property after you leave. If you don't take proper...
Posted by Taxes Made EZ Inc on 05/27/2022
The real estate planning world, the financial planning world, and parliamentarians considered several significant estates and gift tax changes at the end of 2021. The Biden administration...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/10/2022
