Blog Archives

3 Easy Ways to Financially Help Your Children or Grandchildren

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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9 Easy Steps for a Mid-Year Tax Review

Half of the year is almost over.  Don’t wait until the end of the year to do your planning. It’s time for your Mid-Year Tax Review.1) Review your withholding.  Review your prior year income tax return for the income tax


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How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

Annual Exclusion Taxpayers are allowed to gift up to $13,000 per year to an unlimited number of people without having to file a gift tax return or pay a gift tax. If the amount goes over $13,000 to any one


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7 Smart Year End Tax Planning Moves

  1) Harvest Capital Losses Capital gains property includes stocks, bonds and mutual funds.  Currently, the stated rate on long term capital gains is 15%.  If you have a net loss after netting all of your gains and losses, the


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Why Parents Should Not Give Their House to Their Children

Frequently, parents will be encouraged to give their home to their children so the government won’t take it to pay any nursing home bills.  This is usually very bad advice.  Why is this not an appropriate strategy?


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