There are tax laws regarding everything that has to do with an individual, even in death, and this is where Inheritance Tax applies. It focuses on the trust and tax process about the...
Posted by KLSM CPA Firm PLLC on 07/31/2021
The loss of a loved one can lead to emotional burden and significant financial debt related to the settling of the estate. If you are the beneficiary of a retirement plan's assets,...
Posted by Karen Munoz, EA on 07/17/2021
How are trusts taxed?What do you do when you want to set up funds for your children, grandchildren, or even yourself for a medical emergency, but you don't know how to go about...
Posted by Dennis Jao on 07/16/2021
The White House and Treasury released the first details of the Biden administration's 2021 tax reform proposal, a major focus in Washington, DC. Tax code changes are expected in...
Posted by Tiffany Gaskin on 07/16/2021
For federal tax purposes, inheritance is not classified as income, no matter what you inherited – cash, property, or investment. However, whatever you earn on such an inherited...
Posted by Pat Raskob on 07/06/2021
There are times a distressed borrower will negotiate with a creditor for debt relief. These borrowers will either file for bankruptcy or go with a debt relief program that can reduce...
Posted by James Financial Services Inc on 05/24/2021
Most people have little experience of what happens after the death of a loved one, yet they are appointed as a personal representative or executor to settle the estate. This guide...
One way to plan financially for your future is by getting educated about wealth management and other money matters. With the right financial advice, you can create an easy plan that...
Posted by Income Taxes and Bookkeeping LLC on 04/26/2021
Entrepreneurs who have purchased a large amount of personal property face the possibility that their property may be subject to creditors who wish to pay commercial liability. This...
Posted by Unifirst Financial & Tax Consultants on 04/24/2021
