Children who learn to save from an early age have a huge advantage over their peers when they learn how to manage their money. But this does not happen automatically. Parents and guardians...
Posted by KLSM CPA Firm PLLC on 09/30/2022
This guide will tell you everything you need to know about 1035 exchanges: how they work, the different types, and how to assess whether a 1035 exchange is right for you.What is a...
Posted by KLSM CPA Firm PLLC on 09/19/2022
Tax exemption has risen to over $5 million in the past years. The rise has reduced the need for life insurance for families struggling to pay estate taxes. But you can still enjoy...
Posted by Rosovich & Associates, Inc. on 09/18/2022
Federal tax returns are required to file the FAFSA (Free Application For Federal Student Aid). The federal government uses the information on the tax return to investigate a family's...
Posted by Abundant Wealth Planning LLC on 07/31/2022
Everyone has once thought of a way to reduce their taxable income. Taxpayers at times go as far as protesting for tax reduction. Some think of a filing structure that reduces tax....
Posted by KLSM CPA Firm PLLC on 07/12/2022
Do you want your children to do better financially than you? Do you want them to stick to a budget and invest in their future? Financial education is essential.A 2018 National Financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/11/2022
Don't worry about gift tax if you recently received a large gift from your mother and/or father. The IRS generally holds the donor liable for taxes. And if the person doesn't...
Posted by Abundant Wealth Planning LLC on 05/22/2022
A blockchain is an improved database containing records of transactions stored in an unaltered ledger. It makes transactions easy to track since no one person has exclusive rights...
Posted by Pat Raskob on 05/10/2022
According to the Social Security Administration statistics, over 90% of American workers are enrolled under the social security services scheme. If you’re here, you are either...
Posted by KLSM CPA Firm PLLC on 05/09/2022
