Even if you have a long-term care insurance policy, you may likely be hoping that you won't ever have reason to use it. Regardless of what the future holds, there's one silver lining of which you may not be aware…
Tax season has begun, with the filling deadline set for mid-April for most taxpayers. Working individuals may be unaware that they qualify for potential tax breaks. Many taxpayers who have a limited earned income overlook the Earned Income Tax Credit…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/Jg2qnoMY3qk It is that time of year again, where taxpayers must file their personal income tax returns. But, what do you need to know before filing your tax return?…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on March 18th, 2024 to discuss“Navigating the 2024 Tax Season” https://youtu.be/Jg2qnoMY3qk Vincent J. Russo discusses which tax return form should you use, how to get your…
This is a reminder, with a few days left in the year, to make sure you take advantage of your retirement contributions. In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on December 20th, 2023 to discuss“Year End Charitable Giving: IRS Tips” https://youtu.be/-YLyiKnZyFg Vincent J. Russo discusses how to maximize gifts with IRA funds, what you need…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/-YLyiKnZyFg It is that time of year. There are just a few days left for charitable giving in 2023. Believe it or not, on December 16th, the IRS issued…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on November 28th, 2023 to discuss“Gift Taxes and Annual Exclusion Gifts” https://youtu.be/wZCIKdtScEo Vincent J. Russo discusses the gift tax laws and what you need to know,…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/wZCIKdtScEo When and how are gifts taxed? At this time of year many people make gifts to family and charities. But many people are simply confused when it comes…
Losing a loved one is difficult. When preparing and filing a deceased taxpayer's final Form 1040 (U.S. Individual Income Tax Return), it's important to consider more than just who signs the return. Our New York estate planning and tax planning…