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3 Reasons to Fund a 529 College Savings Plan

Posted in Tax News on May 19, 2013

  1) College is Expensive According to the College Board the average tuition for a 4 year private education is $39,518 per year.  The average cost of a 4 year in- state public education is $17,860.  Either way, it’s a…

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Where’s My K-1?

Posted in Tax News on March 10, 2013

  This question is asked frequently during tax season. I suspect it will be asked even more this tax season. There will likely be even more delays this year than in past years. Congress passed The American Taxpayer Relief Act…

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A Summary of the American Taxpayer Relief Act of 2012

Posted in Tax News on January 13, 2013

  The Federal Government avoided the Fiscal Cliff…Well, for now any way.   At the very last minute they passed the American Taxpayer Relief Act of 2012.  Here are some of the highlights:    Income, Capital Gains and Qualifying Dividends…

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6 Easy Steps to Open an Estate in Connecticut

Posted in Estate Planning, Tax News on August 5, 2012

  1) Go to Probate Court and Get Your Appointment A decedent will list their executor (or executrix) in their will.  If the decedent did not name one or did not have a will, the court will appoint someone to…

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3 Easy Ways to Financially Help Your Children or Grandchildren

Posted in Tax News on July 17, 2012

Do your children or grandchildren need some financial assistance? Here are 3 Easy Ways to help them:   1) Make a Loan Parents and grandparents can loan to their child or grandchild.  If this is the approach taken, a formal…

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