Estate Tax Exemption Doubled under Tax Reform
The estate tax exclusion for 2018 is $11,180,000 for individuals and $22,400,000 for married couples—and the portability provision is still in place! Learn more in this week’s Estate Planning Tip.
Tax Reform Cracks Down on IRA Recharacterizations
Beginning in 2018 Roth conversions of a Traditional IRA cannot be undone. Once a conversion is made, you will have to live with the tax consequences. Learn more in this Tax Tip.
What are some tips for creating a budget and sticking to it?
You’re committed. You’re ready to do it. Let’s create a budget! Uh… where do you start? We have some tips for you in this week’s Financial Tip.
QuickBooks Tip: Tracking Time in QuickBooks
QuickBooks contains tools to help you record the hours employees spend doing work for customers, so you can bill them for services rendered. Learn how in this QuickBooks Tip.
Bitcoin: It’s Still Speculation
Today’s Marietta Daily Journal: Despite being a conservative investor, Bil Lako, CFP®, takes a look at the phenomenon that is Bitcoin. Read the Article
Personal Casualty Losses Axed by the New Tax Law
For tax years 2018 through 2025, the Tax Cuts and Jobs Act has suspended the itemized deduction for personal casualty and theft losses—but there is an exception. We explain in this week’s Insurance Tip.
If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips
The IRS and the State Department have established procedures for denying passport applications or revoking previously issued passports for taxpayers who have a seriously delinquent tax debt. Read more in this Tax Tip.
10 Years and Counting: Points to Consider as You Approach Retirement
Even though retirement may be 10 years away, you still have your work cut out for you before the big day. Considering these points now will make the transition that much easier. We explain in this week’s Financial Tip.
Special Counsel: What Does it Really Cost?
Concerned about the cost of the Special Counsel investigating Trump? Sean Hannity’s adviser Bil Lako, CFP®, explains who is actually paying for it. Read the Article
You Da Man: Key Man Discounts in Business Valuation
If you are a business owner and you are also the chief innovator and top salesman, you may want to consider how this might negatively affect your future. We explain in this Business Tip.