We have prepared a selection of frequently asked questions.
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Scott Henvey: Apr 16, 2024 4:02:03 PM
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
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Scott Henvey: Mar 7, 2024 9:04:25 AM
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax...
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Scott Henvey: Feb 8, 2024 11:55:37 AM
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was...
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Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
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Maurice La Verdure: Jan 12, 2024 10:49:22 AM
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead...
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Maurice La Verdure: Dec 19, 2023 11:36:27 AM
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.
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Maurice La Verdure: Nov 8, 2023 12:18:33 PM
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
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Scott Henvey: Nov 8, 2023 12:07:22 PM
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains, or in a resort...
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Scott Henvey: Aug 21, 2023 11:11:57 AM
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking...
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Maurice La Verdure: Jun 1, 2023 10:03:03 AM
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
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Maurice La Verdure: Jun 1, 2023 9:36:37 AM
If you’ve received, or will soon receive a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But...
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Scott Henvey: Jun 1, 2023 9:17:30 AM
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...
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Scott Henvey: Feb 8, 2023 9:45:01 AM
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to avoid probate of the assets...
