How Will the New Tax Law Affect You?
While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers, including changes to the estate tax and 529 accounts.
Documentary Stamp Tax Pitfalls
One of the questions we're frequently asked is, “Should I add my new spouse to the deed of my house?” Before deciding whether to do so, you must understand the legal and documentary stamp tax implications of the “gift." You may ask yourself - “What on earth is a documentary stamp tax?”
Estate Planning, Ethical Wills, and Holiday Gatherings
While visiting loved ones this holiday season, take the time to address two important parts of your family’s future: estate planning and ethical wills.
End of Year Charitable Giving
‘Tis the season for giving - especially for end of year charitable giving. In fact, one third of all charitable giving occurs in December, with the final three days of the year accounting for a whopping 12% of the entire year’s total.
You Can Give Away More Tax Free in 2018
After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. Very few taxpayers will have to pay a gift tax in any case.