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A Closer Look at Installment Sales

For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the READ MORE

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The 5-Year Exit Planning Dilemma

By: Ben Maini, CPA “When will you exit your business?” A response heard far too frequently is, “Oh, in about five years.” Surprisingly, this seemingly READ MORE

Navigating Taxes in Special Needs Trusts: Key Considerations

By: Candy Schull, EA When planning for the financial security of a loved one with special needs, understanding the tax implications of a Special Needs READ MORE

Unlocking Wealth Potential: Leveraging Inflation’s Impact on Federal Gift and Estate Tax Breaks

Inflation is generally bad news. But a favorable side effect is more considerable annual inflation adjustments to federal tax breaks. Many federal tax parameters for the READ MORE

Converting a Home to a Rental Property: What are the Tax Implications?

If you’re planning to move out of your current home, you face a tough question: Should you sell your home, or would it be more beneficial READ MORE

Can You Swap Life Insurance for Long-Term Care Insurance?

Do you own a life insurance policy that’s no longer essential to your financial goals? You may have purchased a policy long ago when your READ MORE

New Tax Law Improves QCD Benefits

Seniors who must withdraw from their IRAs may benefit from a special tax provision for qualified charitable distributions (QCDs). Briefly stated, this provision allows people in READ MORE

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