"Tax Bonanza: ExpandedIndividual Tax-Credits in New Law" To get our complete, FREE articlewith all the details… For tax-year 2021, Congress is giving away money. A LOT of money. In fact, Uncle Sam is backing up the truck and passing out billions and billions of dollars to businesses just like yours! Thank the American Rescue Plan Act of 2021for putting more … [Read more...]
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Handling Key Non-Tax Financial Issues When a Loved One Passes Away (Part 3)
Previously, in the Tax Reduction Letter, we published the first two parts of a three-part series… Tax Considerations When a Loved One Passes Away (Part 1)Tax Considerations When a Loved One Passes Away (Part 2) In this, the final article in the series, we’re coverthe most important non-tax financial issues. Read my new article… Handling Key Non-Tax Financial Issues … [Read more...]
Tax Considerations When a Loved One Passes Away (Part 2)
Benjamin Franklin observed that “nothing is certain except death and taxes.” And when the death of a loved one does occur the inevitable issue of taxes does arise. Who is responsible for paying the taxes due upon the decedent’s death? The executor. And if you become an executor, I urge you to read the full article. It’s the second in my three-part series that … [Read more...]
Five Things to Know About Employing Your Spouse
Some business owners can employ a spouse and work happily together. Other business owners just can’t work with their spouse. If you’re a person who can employ your spouse and make it work, I’ve got some good news for you. You may be eligible to use some terrific tax-saving strategies. As we’ll explain below, the key to making these strategies work is to use benefits … [Read more...]
Tax Considerations When a Loved One Passes Away (Part 1)
When a loved one passes away and the painful grieving process begins, the last thing on your mind are taxes and complicated financial matters. But these things are tremendously important, and as soon as possible you’ll need to attend to them. That’s why, starting with this issue, the Tax Reduction Letter is beginning a three-part series designed to help executors perform … [Read more...]