A pension in any form, either in the form of a lump sum or an annuity (sometimes called a retirement pension) or a combination of both, is a valuable and increasingly rare advantage....
Posted by The TaxAdvocate Group, LLC on 04/20/2021
Charities are looking for more help today than ever before. If you are planning to donate to charity now or at any time of the year, you have various options. While you can simply...
Posted by Unifirst Financial & Tax Consultants on 04/14/2021
One of the main advantages of life insurance is that payment to beneficiaries is free. Because life insurance benefits in the event of death can run into the millions of dollars, it's...
Posted by Jim McClaflin, EA, NTPI Fellow on 03/29/2021
The beneficiaries of a trust generally pay tax on the distributions they receive from the trust income, then the trust pays for the tax itself. However, these beneficiaries are not...
Ideally, trust beneficiaries need to pay taxes on the distributions they get from the income from a trust and not the tax coming from the trust. Although, the beneficiary need not...
Posted by Tiffany Gaskin on 02/05/2021
As it might sound like a simple and easy question but there’re basically various complications that surround the taxes as well as disability benefits. In order to give you the...
If you don't hope to drain the assets in an IRA amid retirement, at that point, it's a smart thought to decide the most productive method for exchanging the account balance...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/04/2019
The Internal Revenue Service (IRS) requires all citizens of the United States to file for their taxes each and every year. If you’re an employee, filing for taxes every tax season...
Posted by John Pournaras Agency on 07/26/2018
