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Addressing adopted children or stepchildren in your estate plan

To ensure your desired treatment of adopted children or unadopted stepchildren, you and your spouse or partner must clearly communicate your plans through wills, trusts and other estate planning documents.

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Possible Discussion in Congress Over “Tax Extenders”

Will the fate of the so-called “tax extenders” be addressed in Congress this year? The extenders could be part of an omnibus bill, expected in December.

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2023 Inflation Adjustments Released

The IRS has just released its 2023 inflation adjustments for many tax provisions. Get the latest numbers on our Tax Highlighter blog.

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Year-end Tax Withholding Adjustments

With the end of the year just several weeks away are you sure you’re having the right amount of tax withheld? The IRS urges taxpayers to check their tax withholding while there’s time left.

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When should you turn down an inheritance?

If you expect to receive an inheritance from a family member, you might want to use a qualified disclaimer to refuse the bequest, saving gift and estate tax while redirecting funds appropriately.

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Cyber Security Awareness Month: A reminder of “smishing”

October is Cybersecurity Awareness Month. The IRS recently warned the public of scams called “smishing” that use texts to steal personal information or download malicious code to a phone.

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TCJA Permanency Act Introduced

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Rep. Vern Buchanan has introduced legislation to make permanent certain individual-related and small-business-related provisions of the Tax Cuts and Jobs Act (TCJA).

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Employee or Independent Contractor?

Updated October, 2022: The DOL has issued a proposed rule that revises earlier guidance employee or independent classifications.

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White House Launches Clean Energy Tax Credit

The Biden administration has rolled out a new webpage for taxpayers to learn more about how to claim various energy tax credits under the Inflation Reduction Act.

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Could You Qualify as a Real Estate Professional?

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Too many people miss out on a tremendous tax savings because they simply don’t know they qualify as a real estate professional. Don’t let this be you!

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