Individual, Estate, and Gift Taxation

Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14% during the week of May 2, 2019, while the 15-year mortgage rate was 3.6%. This is down 0.41 and 0.43%, respectively, from a year earlier.

If all of this makes...

Estate planning isn’t just about what happens to your assets after you die; more importantly, its about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself. And, as with other aspects of your estate plan, the time to act is now, while you’re healthy. If an illness or injury renders you...

You have countless options when it comes to choosing a charitable organization to donate to. You may choose from a variety of donation options, too; you may wish to give cash or to contribute noncash items such as stock, personal property, or real estate. Whatever you donate, once you do the good deed, you owe it to yourself to claim a tax deduction (provided you itemize your deductions). ...

With the new year just beginning, now is the perfect time to start organizing your tax records. Granted, it may not be something you relish doing, but tacking this now can save you a multitude of headaches later.

Tax law rules

Generally, you should keep tax-related records until the statute of limitations expires (or, in other words, as long as the IRS has the ability to audit...

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