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How to Calculate Your Cost Basis and Save Money…Guaranteed

Posted in Tax News on August 11, 2013

When you sell a capital asset you need to know when you purchased it and what the cost basis is.  These will be used to determine what your capital gain (or loss) is.  Capital assets are items such as stocks,…

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How to Use a Roth IRA to Purchase Your First House

Posted in Tax News on August 4, 2013

  It can be difficult for younger people to save up to purchase their first house.  Paying rent, making a car payment and perhaps paying off a student loan can drain your cash flow. While a Roth IRA is designed…

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3 Easy Steps to Rent Your Real Estate to Your Business

Posted in Tax News on July 29, 2013

    Many business owners will eventually buy a building and then rent it to their business. This can be an appropriate strategy for many.  If you are planning on being in business for an extended period of time why…

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Why I Asked My Daughter to Give Me a Power of Attorney

Posted in Tax News on July 21, 2013

Recently my daughter turned 18.  In Connecticut this is considered the age of majority.  In other words, she can make her own decisions.  Well, that’s what the law says.  However, she’s still living under my roof, so, well, she’s got…

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Tom’s Interview on the Stan Simpson Show at Fox 61 News

Posted in Tax News on July 17, 2013

  Hello everyone,   Please click on the link below to see Tom’s interview on Fox61 regarding Mid-Year Tax Planning on the Stan Simpson Show.   http://foxct.com/2013/07/13/stan-simpson-mid-year-tax-planning/   Hope you are enjoying your summer! Regards, Lauren

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