Insights

The tax implications of a company car
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This ...

Determining whether you need to file a gift tax return can be tricky
For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for ...

Tax credits may help with the high cost of raising children
If you're a parent, or if you're planning on having children, you know that it's expensive to pay for their food, ...

How business owners may be able to reduce tax by using an S corporation
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, ...

Nondeductible IRA contributions require careful tracking
If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) ...

Understanding the contents of a will
You probably don't have to be told about the need for a will. But do you know what provisions should be included ...

Redesigned Form W-4
A new version of the Form W-4 was released by the IRS for 2020.
A lot of people that got refunds in prior years ...

Naming a trustee may be one of the most important decisions of your life
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer ...

2020 & 2019 IRS Rates and Limitations Schedule
2020 and 2019 IRS Rates and Limitations Schedule
In this post you will find answers to frequently requested IRS ...

New law helps businesses make their employees’ retirement secure
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement ...

4 new law changes that may affect your retirement plan
If you save for retirement with an IRA or other plan, you'll be interested to know that Congress recently passed a ...

Sec. 6166: Estate tax relief for family businesses
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping ...
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