When most people think of estate planning, they think of drafting a will or trust to say what happens to property after death. Arguably more important is what happens when you are alive but unable to make decisions following...more
A few weeks ago, legislation was proposed in Nebraska that would allow a personal representative of a dead person to control his or her social media, including emails, blogs, and sites such as Facebook or Twitter....more
As expected, the late changes in the tax law to avoid the "fiscal cliff" will cause a slight delay to the start of the 2013 filing season. The IRS had previously estimated filing season would begin on January 22....more
Here is a brief outline of the legislation passed by the Senate and House extending certain tax rates, deductions, and credits for individuals....more
Your marital status for tax purposes is determined as of December 31. That means if you get married on New Year's Eve, you are considered married for the entire year and can file as a married couple....more
As the end of the year approaches and we are in the holiday season, now is the time to think of charitable contributions if you are hoping to reduce your tax liability for 2012. (Of course we encourage charitable giving all...more
It is that time of year when employers consider giving gifts to their employees. We often assume gifts have no tax consequences; however, that is not always the case. When an employer gives its employees holiday gifts or...more