October 04, 2016
Kelly Acevedo, EA, Amy Bidleman, Stephanie A. Bruno, Barry Chisholm, Darrell R. Kamholz, CPA, Evelyn V. Moreno, Mary-Benham B. Nygren, David O. Rajala, CFA, Sarah M. Richards
Avoiding inheritance battles, how entrepreneurs use life insurance in estate planning, what is a “step-to” in basis at death, five rules to keep in mind for home office deductions, when should a homeowner consider refinancing a home mortgage and how gambling problems can also mean tax problems too. Here’s what’s trending in estate planning and wealth management.
Avoiding inheritance battles
In order to head off possible conflict over your estate when you die, there are some steps you can take now.—Evelyn V. Moreno
Building a business? How entrepreneurs use life insurance in estate planning
Building a successful business requires extreme focus and dedication, but no amount of planning for the present can make up for forgetting to consider what will happen to your company when you are no longer around to run it.—Stephanie A. Bruno
Can I get paid for serving as an executor?
You’ve been nominated executor of a will. Serving as an executor can be a big time commitment. Here’s what you need to know about being compensated for your time.—Trusts and Estates Editorial Team
What is a “step-to” in basis at death?
The assets included in your taxable estate receive a “step-to” in basis at your death.—Mary-Benham B. Nygren
What do I do with Form 8971, Schedule A, I received for my inheritance?
I received an inheritance. The estate’s executor sent me Schedule A to Form 8971. What do I do with this document?—Sarah M. Richards
Home office deductions: five rules to keep in mind
What you need to know before you take an income tax deduction for your home office.—Barry Chisholm
When should a homeowner consider refinancing a home mortgage?
It might be beneficial to refinance while interest rates are low.—Amy Bidleman
What is my stock’s cost basis?
Is your tax accountant asking you for your stock’s cost basis?—Kelly Acevedo
Have a gambling problem? You may have a tax problem too!
Hit the jackpot? Now it’s time to pay your taxes!—Darrell Kamholz
The markets’ irreconcilable differences
Why thoughtful diversification matters for investors who are not clairvoyant.—David O. Rajala, CFA
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