The “kiddie tax” can apply long after childhood

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But ...
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Transfer assets tax efficiently with a GRAT

A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large ...
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Should you make after-tax, non-Roth 401(k) contributions?

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up ...
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Does your college-age child need an estate plan?

Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, ...
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Protect yourself from fraudsters impersonating the IRS and other tax scams

Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try ...
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Add flexibility to your estate plan with powers of appointment

Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, ...
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Consider your potential charitable deduction before donating artwork

If you give artwork to charity, the deduction you can claim depends on several factors, including the type ...
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Long-term care insurance can offer peace of mind and help preserve your wealth

One of the greatest risks to your estate plan is the chance of incurring substantial long-term care (LTC) ...
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Moving to a new state? Review the tax implications first

Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. ...
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Estate planning for foreign assets requires extra attention

Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly ...
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Fine-tune your tax withholding after filing your return

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual ...
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Qualified retirement plan audits offer multiple benefits for employers

Employer-sponsored qualified retirement plans can be valuable recruiting and retention tools. But they also bring significant administrative responsibilities. ...
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