When I was a bachelor, living in an apartment on the Upper West Side of Manhattan, my roommate Danny would constantly joke around, suggesting that we get married solely for tax purposes. He believed that getting married would bring all sorts of amazing perks and privileges from a tax perspective, and that we could save[…]
2018 wasn’t a great year for the broad investment markets. The S&P 500, a basket of large domestic companies, was down 4.38%. International companies, as measured by the MSCI EAFE NR index, were down 13.79%. And bonds, as measured by the Barclays US Aggregate Bond Index, were flat for the year. This was the worst[…]
For as long as we’ve had a federal income tax (1913), Congress has used the tax law to encourage and discourage certain behaviors. One behavior that Congress has highly encouraged since 1917 is charitable giving. Many people know that charitable contributions can be used as an itemized deduction for federal income tax purposes, but what[…]
Yesterday, August 23, 2018, the IRS released new proposed regulations (technically, they are amendments to existing regulations) to deal with States’ recent attempts to circumvent the state and local income tax (SALT) deduction limit that was put into place by the Tax Cuts and Jobs Act. In short, the proposed regulations amount to a giant[…]
Share0 Share +10 Tweet0 Share0 In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, ushering in the biggest changes to the tax code in more than 30 years. Among the more significant changes made by the law is the creation of a new 20% deduction for certain pass-through business income.[…]
By now you’ve almost certainly heard the news of the massive Equifax hack and data breach. We know you probably have a lot of questions, so we wanted to provide some guidance during this confusing time. It’s probably best to assume that you are one of the roughly 143 million Americans impacted by this incident. Due to the somewhat unique nature of Equifax’s business, there’s a good chance they have some of your data, even if you’ve never given it to them directly.
Death is inevitable. It comes for us all at one point or another. Some sooner than later, but none are able to escape its grasp. Whenever that time comes, your “stuff,” including your financial assets, generally live on, and are still essentially yours until they are legally transferred to another person or entity. That transference[…]