Tax / Estate & Wealth Planning
Showing 129–144 of 2177 results
-
SECURE 2.0 may affect your retirement and estate plans
April / May 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 938
Abstract: SECURE 2.0 includes sweeping changes for retirement plans, including changes for qualified plans and IRAs. These changes can have significant estate planning implications. This article highlights many of the law’s provisions and discusses how they may affect one’s estate plan.
-
Reconsidering your personal emergency fund
March 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 261
Abstract: Back in 2020 when the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test. Now, presumably with the benefit of some hindsight, the financially savvy might want to reconsider their approach to saving. This brief article discusses some key points to keep in mind.
-
Have a foreign account? File an FBAR
March 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 400
Abstract: In an increasingly global society, many taxpayers hold foreign accounts. This article explains the rules regarding who must file a Report of Foreign Bank and Financial Accounts (FBAR) with the government.
-
Can you deduct the costs of a spouse on a business trip?
March 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 499
Abstract: A company owner who travels on business, accompanied by his or her spouse, may be able to deduct all the travel expenses incurred by the spouse. However, the rules are restrictive, starting with the requirement that the spouse must be a bona fide employee of the company. Failure to meet that rule is the reason why, in most cases, a spouse’s travel costs aren’t deductible.
-
SECURE 2.0 law may make you more secure in retirement
March 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 539
Abstract: A new law was recently passed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. A sidebar discusses changes to Achieving a Better Life Experience (ABLE) accounts available to certain disabled taxpayers.
-
Tracking subscriptions can slash household expenses
March / April 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 322
Abstract: This short article provides tips for those who have trouble keeping track of video streaming, news, magazine, retail and other subscriptions. Recurring costs quickly add up and eat into household budgets. Subscribers are encouraged to review bank statements, identify recurring costs and cancel any they don’t regularly use.
-
Is a mortgage a retirement liability?
March / April 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 566
Abstract: This article examines whether having a mortgage in retirement is a liability, particularly in today’s difficult economic environment. Some homeowners may want to keep a mortgage if they can deduct the interest from taxable income. But others may prefer to pay it off to lower their monthly expenses and invest in potentially higher-returning investments.
-
Private foundations vs. donor-advised funds – Weighing your charitable giving options
March / April 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 708
Abstract: Private foundations can be highly effective for people who want to leave a charitable legacy, but they’re expensive to set up and operate. Donor-advised funds are popular alternatives, but they also have potential drawbacks. This article compares the two options, looking at operating expenses, distribution requirements, tax treatment, privacy and more.
-
Annuities can provide peace of mind in uncertain times
March / April 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 893
Abstract: Retirees worried about the impact of market volatility and inflation on their nest egg may want to consider an annuity. Annuities don’t enjoy the potential returns of equity investments, but they do provide a guaranteed, tax-deferred income for life. This article describes types of annuities, their advantages and their disadvantages. A sidebar discusses tapping retirement accounts to fund lifetime gifts to family members.
-
Tax Tips – Charitable deductions: Dot the i’s and cross the t’s
March / April 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 391
Abstract: These brief tips explain the importance of substantiation requirements for charitable donations; explore why it may make sense to turn down an inheritance; and answer the question of whether student loan forgiveness is taxable.
-
How to minimize tax on Social Security benefits
March / April 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: There’s a common misconception that Social Security benefits are tax-free. In fact, many people pay federal tax on a portion of their benefits. Recent inflation has resulted in a record 8.7% cost-of-living adjustment to Social Security benefits for 2023. But the tax brackets used to determine how much of your benefits are taxable aren’t adjusted for inflation. This means that some Social Security recipients will see their tax bills increase this year. This article takes a look at available strategies that can minimize these taxes.
-
Who are your beneficiaries? Outdated beneficiary designations can sink your estate plan
March / April 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: “Nonprobate assets” are those that bypass more traditional estate planning vehicles, such as a will or revocable trust. Instead, they’re transferred to family members through beneficiary designations. Those who’ve designated beneficiaries for certain assets should review their choices periodically. This article provides best practices when reviewing beneficiary designations.
-
Beware of tax surprises if you work remotely
March / April 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 912
Abstract: The COVID-19 pandemic forced many employees to participate in a global experiment on the pros and cons of remote work. As a result, it’s here to stay for many businesses. A remote workforce offers distinct benefits, for employer and employees alike. But it’s important to keep in mind the tax implications. This article details potential tax surprises — for employees and employers — that may occur as a result of working remotely. A sidebar discusses whether remote workers can deduct business expenses.
-
Throwing snowballs at a mountain of debt
February 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 256
Abstract: It’s common for many people to start the year intending to get out of debt, yet end the year owing just as much, if not more. This brief article explores a debt-reduction approach called “throwing snowballs,” which involves organizing debts from lowest to highest balance and knocking them down one by one.
-
Moving out of state? Learn all the tax implications first
February 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 404
Abstract: Many people might think about moving to another state. However, it’s important to consider the tax ramifications before doing so. This article urges readers to identify all applicable taxes in a destination state ahead of time and recommends learning what the legal requirements are for establishing domicile.
-
Qualifying for the home office deduction
February 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 477
Abstract: Working from home has become the norm for many people in recent years. Now they might be wondering if they can claim the home office deduction for 2022. The short answer is: Only those who are self-employed can claim it. This article delves deeper into the rules involved.