Widow Sells Her House: Tax Consequences?

After living in the house for over fifty years, Harry and Sally's love for the home wasn't the only thing that appreciated – so had the value! Sally's realtor priced it at $750,000. It was time to paint not only the trim, but also time to trim the tax liability!... Read More

Act NOW: CARES Act Rollover Relief

Did you take your required minimum distribution (RMD) from your retirement account and now regret it? According to IRS Notice 2020-51, if you did take your RMD, there is still time to replace that dis... Read More

ALERT: Should a Trust be the Beneficiary of Your IRA?

What happens if you named a trust as beneficiary of your IRA? With the passage of the SECURE Act in 2019, Ed Slott, a recognized IRA specialist, claimed that he could sum up the legislation’s effect on IRA trust planning in two words: “not good.”  It may be time to review, rethink, and revise.  What […]... Read More