Blog Archives

When to File Separate Tax Returns to Save Money

  Married couples have a choice when they file their income tax returns.  They can file as married filing jointly or as married filing separately.   Married Filing Jointly Most married couples will file a joint income tax return.  There


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Is Estate Planning Dead?

With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead.  I think this deserves a closer look.


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The Importance of Beneficiary Designations

When was the last time you checked your beneficiary designations for your retirement accounts that were established years ago?  Beneficiaries are the individuals or entities (such as a charity) that you name to receive these assets upon your death.  You


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3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Most married couples file their income tax returns jointly.  However, married couples have an option—they can file married filing jointly or married filing separately.  Married couples can change their filing status from year to year.  The only requirement is that


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It's Back…The Return of the Required Minimum Distribution ("RMD")

The RMD is back and is required for 2010 and all future years.  Taxpayers over age 70½ must take a required minimum distribution from their IRA’s and other qualified retirement plans. For 2009, the government removed the requirement for one


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