Estate Planning & Income Tax Basis

Income tax basis can be an important factor in deciding whether to make gifts during your lifetime or transfer property at your death. This is because the income tax basis for the person receiving the property depends on whether the transfer is by gift or at death. This, in turn, affects the amount of taxable […]

Helpful Tax Tips Before Year End

Tax planning can be more advantageous when done during the year and well in advance of year’s end.Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family. Generally, people put off tax planning because paying income taxes is an obligation. So, this “negative” view causes frustration. […]