On Septiembre 27, 2017, President Trump’s Administration released its “Tax Reform Plan.” In addition to consolidating tax brackets from seven to three (12%, 25%, and 35% with income ranges to be provided later), President Trump’s new plan has addressed eliminating…
When helping our clients plan for retirement, many express their interest to set aside money for charity. Some clients have a specific charity in mind, while others simply want to set aside an amount to be given to a charity…
Today (Marzo 6, 2017) marks the last day a fiduciary of a trust or estate can make a distribution from the trust or estate, and still take the 65-day election on the fiduciary income tax return. The general rule is,…
On Long Island, a tax break affecting 35,000 Nassau County seniors was not renewed this year.
Recently, Nassau County let a long-standing property tax abatement expire without any notice to the recipients of the abatement.
Approximately 35,000 seniors, all earning less than $86,000 a year in income, were receiving approximately $200 a year in tax abatement. But now the abatement has been removed because the county legislature did not re-approve the abatement.
Para quienes actualmente tienen herencias sujetas a impuestos, la pregunta candente es: "¿Qué planificación debe o no debe llevarse a cabo a la luz de una esperada derogación del impuesto federal sobre el patrimonio?"
There are important 2017 tax deadlines to be aware of. The 2017 tax filing season will begin on Lunes, Jan. 23, 2017, and taxpayers claiming certain tax credits should expect a longer wait for federal refunds. The IRS will begin…
As tax preparers, we see all kinds of taxpayers—organized, not organized, and some in the middle. Whether you come prepared with an accordion folder of neatly organized documents or an old shoe box with scraps of paper, you should be cautious in the way you keep your tax records.
Stories and warnings of identity theft, financial fraud, and scams are an everyday occurrence; these instances are a real concern to millions of Americans. The rise of identity theft, fraud, and scams should caution us to evaluate how we store our important data, such as our tax records.
Tax season is fast approaching and many taxpayers are reviewing their paperwork to figure out what documents are necessary and what can be discarded. This can be a daunting experience that leaves many with the question: how long should I keep my tax returns?
The length of time you should keep a tax-related document typically depends on the action, expense, or event which the document records. Generally, you should keep your records until the statute of limitations runs out.
Nuestro bufete elabora muchos documentos importantes para clientes de edad avanzada. Los clientes pueden olvidar dónde se encuentran estos documentos dentro de su casa, perder la pista de la ubicación de los documentos en el transcurso de una mudanza, o pueden fallecer sin compartir los documentos reales (o su ubicación) con sus hijos, albacea o tutor.
Hay algunas aplicaciones para smartphone que pueden ayudar a particulares y familias a llevar un registro de documentos importantes, como testamentos o directivas avanzadas (poderes sanitarios, etc.). Esta herramienta funciona junto con la capacidad de la aplicación para catalogar el contenido de casas enteras. Esta función paraguas ayuda en los esfuerzos organizativos en curso, así como en la asistencia para mudanzas.
El 6 de abril, el Departamento de Trabajo de EE.UU. (DOL) publicó su norma fiduciaria definitiva, que amplía considerablemente la definición de asesoramiento fiduciario en materia de inversiones con arreglo a la Ley de Seguridad de Ingresos de Jubilación de los Empleados de 1974 (ERISA), y crea nuevas normas fiduciarias para los asesores financieros en materia de inversiones de jubilación.
Esta nueva norma es muy importante para todos los que tienen un plan de ahorro para la jubilación, como un plan 401(k) y una cuenta de jubilación individual (IRA), porque aumentará la responsabilidad legal de los asesores de inversión ante sus clientes.