Avoid the Pitfalls of Selling Property to Family

Suppose you own property you intend to transfer to your loved ones. Perhaps you are considering giving your children an ownership interest in your principal residence. Before you act, you should review the tax consequences of your decision. Specifically, tax law...

Replacing Lost Tax Breaks for Your Growing Children

Your kids are getting older.  Before you know it they’ll be dating, driving and entering college (if they aren’t already).  Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. ...

Improve Next Year’s Tax Situation Now!

Whether you receive a big refund or pay taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary. Update paycheck withholdings and forecast estimated tax payments.  Reviewing and updating...

Quick Tips to Help You Tackle Your Taxes with Ease

Tax season is approaching quickly. It’s just a few weeks until the IRS officially starts accepting returns, which means now is the perfect time to use the tips below to help you net some last-minute tax-savings and tackle tax season with ease....

Tax Cuts and Jobs Act Summary

With the recent passage of the Tax Cuts and Jobs Act, many changes to the Internal Revenue Code will be implemented starting in 2018.  Here are some of the most notable changes: Starting in 2018, personal exemptions are repealed.The child tax credit will increase...