Home Sale Gain Exclusion for Taxpayers

Taxpayers who sell their home may qualify to exclude all or part of any gain from the sale when filing their tax return. Here are some things that homeowners should think about when selling a home: Capital Gains Tax: The profit from selling your home is taxable income...

Personal Will

A will indicates how the will’s maker (testator) wants his or her probate property distributed at death. A probate estate includes a decedent’s real estate and personal property, including cars, furniture, bank accounts, stocks, and other belongings, as long as: the...

Tax Implications for Divorcing Business Owners

Divorce can bring many changes to a Net Worth statement, as assets are allocated between the ex-spouses.  In addition, consideration should be given to tax-related items, like filing status, deductions, and credits.   Qualified Retirement Plan Accounts A Marital...

Medicare Parts

Medicare is a federal health insurance program in the United States that provides coverage to eligible individuals, primarily those aged 65 and older, as well as certain younger individuals with disabilities. Medicare is divided into four main parts, each addressing...

Tax Strategies to Minimize Income Tax

With year-end planning comes tax planning, and there are many tax strategies that can be employed to minimize income tax. Minimizing income tax is a common financial goal for many individuals and businesses. Effective tax strategies can help you keep more of your...