tax advisor
5 Tips for Recently Married or Divorced Taxpayers with a Name Change
If you changed your name after a recent marriage or divorce, the IRS reminds you to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A difference between … read more
Don’t Forget Your IRA When Creating Your Estate Plan
The IRA is often overlooked when individuals meet with an attorney for estate planning. Perhaps this is because the IRA owners fill out the beneficiary designation form themselves and they believe they are capable of completing it on their own. … read more
Tips for Taxpayers Who Owe Money to the IRS
While the majority of Americans get a tax refund from the Internal Revenue Service each year, there are many taxpayers who owe and some who can’t pay the tax all at once. The IRS has a number of ways for … read more
How are Passive Losses Treated in Divorce
During their marriage, a client and her husband owned several partnerships which generated large passive losses. Because there was not sufficient passive income to offset these losses, the losses were suspended. Since the couple resided in a community property state, … read more
Residential Rental Registration & Sales Tax Compliance
Do you own a residential rental in Maricopa County? Did you realize that you must have your rental registered with the county as such pursuant to A.R.S. § 331902? Regardless whether the tenant is related or non-related, the county will … read more
Automatic Enrollment 401(k) Plans
About half the workforce does not have a retirement savings plan and fewer than 10 percent of those without plans at work contribute to a plan on their own. That makes the idea of an automatic enrollment 401(k) plan very … read more
Long Term Care Planning and Reporting
Long term care insurance has become more prevalent in today’s financial planning tactics. This topic can create a great deal of confusion and uncertainty about what is the right decision to make. The main reason individuals are reluctant to consider … read more
Donating Appreciated Stock to Charity
If you are planning to make a substantial contribution to a charity or college, consider donating appreciated stock from your investment portfolio instead of cash. Your tax benefits from the donation can be increased and the organization will be just … read more
Proper Reporting of Interest on Savings Bonds
Investing in U.S. Savings Bonds can be a safe investment in today’s economy. There are two different kinds of saving bonds that relate to tax reporting. The first class is Series EE bonds and Series I bonds. These particular bonds … read more