Universal Life insurance brings together the benefits of a saving account with the protection available from term life insurance. Before exploring how Universal Life Insurance works,...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 06/06/2021
The importance of wealth preservation strategies increases with the increasing number of inventory and possession cases. Unfortunately, most people don't realize that their home...
Posted by The TaxAdvocate Group, LLC on 05/18/2021
One of the most critical stages in the life of a human is retirement. With the life expectancy of typical humans increasing, it is essential to make an adequate retirement plan.While...
Posted by Tiffany Gaskin on 05/06/2021
State laws vary when it comes to the requirements for what counts as a legal will, but you generally need to make sure a few basics are covered.Although a testament and last will do...
Posted by Dennis Jao on 04/29/2021
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
A step-up in basis can help you save a lot of money at the time of taxation. The term refers to income tax and capital gains and can save you a lot of money if you decide to sell an...
Posted by Daniel P Vigilante CPA and Profit Consultants on 03/28/2021
The I.R.S requires that you report all taxable donations you make during the year and pay the appropriate tax. However, the average taxpayer never files a gift tax return or pays gift...
Posted by Unifirst Financial & Tax Consultants on 01/22/2021
This is one of the series of the 1099s from Uncle Sam with which taxpayers can report funds from a series of sources that are not familiar. With this form, individual taxpayers can...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 11/30/2020
Tax advisors are involved in all aspects of their clients' personal and financial lives, and when a taxpayer dies, they can be one of the most valuable family counselors. Although...
Posted by Dennis Jao on 10/14/2020
