Monthly Archives: March 2016

Entrepreneurs: What can you deduct and when?

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are … Continue reading

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How to protect assets from creditors when naming a beneficiary as trustee

A properly designed trust helps safeguard assets against claims by a beneficiary’s creditors as well as the beneficiary’s own mismanagement. Generally, the less control a beneficiary has over trust assets, the more protection the trust offers against creditors. To that … Continue reading

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Tips for deducting losses from a disaster, fire or theft

If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, unexpected or unusual event, such as a natural disaster (hurricane, … Continue reading

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Achieve greater charitable giving flexibility with a nonqualified CRT

As the federal gift and estate tax exemption continues to climb, the number of people subject to estate taxes is shrinking. For those with charitable giving goals, this may increase interest in charitable remainder trusts (CRTs). A lifetime CRT, for … Continue reading

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3 income-tax-smart gifting strategies

If your 2015 tax liability is higher than you’d hoped and you’re ready to transfer some assets to your loved ones, now may be the time to get started. Giving away assets will, of course, help reduce the size of … Continue reading

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