Young professionals often undervalue their most valuable financial resource: their ability to make a living.
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Insuring Your Own Earning Power
Getting Your Estate Plan In Order
Writing a will and developing an estate plan are tasks that linger on to-do lists for months, or even years. January is a great time to begin.
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After Turbulent 2020, A Surprisingly Calm Tax Outlook
In this year like no other, looking ahead is preferable to looking back. But while 2020 has been, to put it mildly, tumultuous, things look relatively calm on the tax policy horizon in the short-term future.
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Creating A Guide For High Achievers
The editor of Palisades Hudson Financial Group’s new book reflects on creating a guide for “high achievers” in their 20s, 30s and 40s.
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Sentinel, Looking Back And Looking Forward
A lot has changed since I published the first issue of this newsletter, but a surprising amount has not. Both are reflected in the first paragraph of that May 1993 edition, from an article titled “For The Best Gifts, Keep On Giving.”
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Duly Noted
U.S. taxpayers in southern and western Puerto Rico who were affected by the earthquakes that began last December have extra time to file various tax returns, as well as relief from certain penalties.
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Duly Noted
Tax Relief For ‘Accidental Americans.’ Virtually all children born in the United States, and many born outside the United States with at least one U.S. citizen parent, acquire American citizenship at birth. Because U.S. citizens are subject to tax on their worldwide income regardless of where they reside, this has created complications for many individuals who were unaware of their American tax obligations.
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Should You Make The C Corporation Switch?
If you own a pass-through business, should you join the crowd and convert it to a C corporation? It may seem like a simple question, but when you look closer, the calculation gets complex.
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Maximizing Business Value For Retiring Small Business Owners
Planning for retirement can be complicated for anyone, but business owners have even more to consider.
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A New Tax Break Was Hardly ‘Simplification’
The dust is clearing after the first spring tax season under the most recent federal tax overhaul. Taxpayers and tax professionals alike have now had a chance to see how new rules played out in reality – especially those governing the qualified business income deduction.
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