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Protect the “ordinary and necessary” advertising expenses of your business
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This...
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Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This...
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For 2022, the federal gift and estate tax exemption has reached its highest level ever. In fact, you can transfer up to $12.06 million by gift or...
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One goal of estate planning is to avoid or minimize probate. This is particularly important if you own real estate in more than one state. Why?...
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A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you die. But if a family member...
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The “stretch” IRA generally no longer exists. But if you have a substantial balance in a traditional IRA, a properly designed charitable remainder...
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If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick...
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Hopefully, you already have a sound estate plan in place to protect the interests of your heirs and minimize potential estate tax liability. But that...
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The need for a will as a key component of your estate plan may seem obvious, but you’d be surprised by the number of people — even affluent...
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As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic...
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As many states continue to struggle with the current surge in COVID-19 cases, the “new normal” demands continued social distancing in many areas of...
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If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships)...
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If you’re the type who would rather order ala carte rather than a set entrée, you might prefer a “self-directed” IRA. With this option, you may be...
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What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a debt...