For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as provide for their financial well-being.
After years of putting money in your 529 college savings plan, you’re ready to start taking withdrawals to pay tuition bills. Do you know the rules for keeping the withdrawals tax-free? Read more.
If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if you are gifting income-producing real
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Health Savings Accounts can be a source of retirement funds when properly positioned with other retirement fund options, but it’s important to know their advantages and disadvantages. Read more.
The law lets you sell your home tax-free if you meet certain requirements. The home must have been owned and used as your principal residence for at least two of the five years prior to the sale. Couples can enjoy up to $500,000 of tax-free
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Do you know anybody who has tripled his or her money investing in the initial public offering (IPO) of a hotshot new company? It can happen.
September 15 is an important tax filing deadline for partnerships and corporations. It’s the filing deadline for 2016 tax returns for calendar-year S corporations that received an automatic extension of the March 15 filing deadline. It’s also the filing deadline for 2016 partnership tax returns
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“Dad, I need some extra money to go to the movies with my friends.” If you are a parent, you’ve probably heard countless requests like this. Learn some simple ways you can connect with your kids by teaching them about personal finance.
Your teenage child is probably eager to make some money this summer. Hiring him or her to work for your company may offer benefits to both of you. Read more.
You may receive correspondence from the IRS that contains an error. What should you do?
