Tax Considerations When a Loved One Passes Away (Part 3)

Previously, we sent you emails discussing the tax issues that arise when a financially comfortable loved one has passed away. In this email, we dive into some of the non-tax issues you will have to deal with as the executor of the estate. Getting Extra Death Certificates For various reasons, a death certificate may be… Read More

Tax Considerations When a Loved One Passes Away (Part 2)

If you become an executor of your loved one’s estate, you may have some important tax decisions to make. Here are some quick thoughts. The decedent’s medical expenses provide you with planning opportunities to deduct as itemized deductions (subject to the 7.5 percent floor) not only the medical expenses incurred during the taxable year of… Read More

IRS Updates Defined Wages for New Section 199A Tax Deductions

Your Section 199A tax deduction will benefit from your business’s W-2 wages paid to you and your employees if you are married and filing jointly and your taxable income is over $315,000 and less than $415,000; are filing as single or head of household and your taxable income is over $157,500 and less than $207,500;… Read More