Generally, individuals who claim the standard deduction on their tax returns can’t deduct charitable contributions. But for 2021, the Taxpayer Certainty and Disaster Tax extended parts >>
News
Selling a home: Will you owe tax on the profit?
Many people have seen their home values increase recently. Be aware of the tax implications if you sell your home. If you’re selling your principal residence, >>
Bitcoin Part 1: A Disruptive Technology That’s Here To Stay
There are thousands of different cryptocurrencies currently in circulation. Some were created to perform groundbreaking technological functions like smart contracts (Ethereum), while others were simply created >>
Is recording my will signing on video a good idea?
Some people make video recordings of their will signings in an effort to create evidence that they possess the requisite testamentary capacity. For some, this strategy >>
Keep family matters out of the public eye by avoiding probate
Although probate can be time consuming and expensive, one of its biggest downsides is that it’s public — anyone who’s interested can find out what assets >>
Tax-related identity theft can happen if someone steals your personal information to commit tax fraud. As part of its “Boost Security Immunity” campaign, the IRS is >>
Get serious about your strategic planning meetings
Businesses should take strategic planning seriously. One way is to hold meetings focused on plotting your company’s future. To get the most from these gatherings, follow >>
Can a broken trust be fixed?
An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves your purposes? Is it too late >>
5 ways to take action on accounts receivable
No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and >>
IRS audits may be increasing, so be prepared
The IRS just released audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined compared with prior years. Overall, just 0.5% of >>
