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972.421.1099 Get Started
972.421.1099 Get Started

L&H CPAs

2 min read

How Series EE savings bonds are taxed

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file cabinet or safe deposit box. You may wonder: How is the...

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2 min read

Flex Plan: In an Unpredictable Estate Planning Environment, Flexibility Is Key

The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but it was a big one. It more than doubled the...

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11_12_19_1174783743_ITB_560x292

2 min read

Using Your 401(K) Plan to Save This Year and Next

You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k)...

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2 min read

Small Businesses: Get Ready for Your 1099-Misc Reporting Requirements

A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and...

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11_07_19_81724399_EPB_560x292

2 min read

BDIT Lets You Give Away Property Without Losing Control

By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of opportunity for affluent families to...

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2 min read

You May Be ABLE to Save for a Disabled Family Member with a Tax-Advantaged Account

There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for...

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11_04_19_1068783092_SBTB_560x292

2 min read

Small Businesses: Stay Clear of a Severe Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from...

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2 min read

The Net Investment Income Tax Is Alive and Well: How It Can Affect Your Estate Plan

The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income tax (NIIT) in place. It’s important...

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1 min read

IRA Charitable Donations Are an Alternative to Taxable Required Distributions

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required...

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2 min read

Thinking About Converting from a C Corporation to an S Corporation?

The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax...

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10_24_19_1081659554_EPB_560x292

2 min read

Don’t Worry! a Broken Trust Can Be Fixed

There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing...

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2 min read

Selling Securities by Year End? Avoid the Wash Sale Rule

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale”...

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10_15_19_1130750506_ITB_560x292

1 min read

Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for...

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