Rent Out the Vacation Home. Pros and Cons.
Vacation home: How is your tax bill affected if you rent it out? If you’re fortunate enough to own a vacation home, you may want to rent it out for…
Long-term Care in the Near Future? Tax Issues.
Need long-term care? Five 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…
Inherited Property? Planning Your Estate?
There’s currently a “stepped-up basis” if you inherit property — but will it last? If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the…
Gig Economy and Current Tax Obligations
Working in the gig economy results in tax obligations Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing. According to…
Digital Documents with E-signatures Aren’t Going Away
Digital documents with e-signatures aren’t going away Do you use e-signature? Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed…
Gift Tax Return Deadline – What to do now.
The 2019 gift tax return deadline is coming up If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required…
Your Tax Bill and Ways to Cut It Now
There still might be time to cut your tax bill with IRAs If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d…
Gift Tax: Take advantage of the exclusion rules
Gift tax exclusion rules As we head toward gift-giving season, you may consider giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of…
Taxes and Series EE Savings Bonds
When is tax due on Series EE savings bonds? You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet…
Social Security Tax for Household Employees
Do You Pay Social Security Taxes for Your “Nanny” The “nanny tax” must be paid for more than just nannies You may have heard of the “nanny tax.” But even…