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5 possible tax aspects of a parent moving into a nursing home
If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five.
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If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five.
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Because of the COVID-19 pandemic and the resulting economic turndown in some areas, you may have family members in need of financial support. If...
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If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.
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The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But...
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Many people, when planning their estates, simply divide their assets equally among their children. But “equal” may not necessarily mean “fair.” It...
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Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC)...
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Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers...
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You’ve likely spent a lot of time working with your advisor to plan your estate. While documents such as your will, various trusts and a power of...
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If you’re going through a divorce, you probably feel a little overwhelmed by all the legal and financial items you must attend to before the marriage...
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The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now.
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The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you...
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Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS....
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In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing...