Choosing legal guardians for your children is one of the most important decisions you’ll make. It's a big responsibility, but with careful thought, you can ensure your children are cared for as you would want.…
CTA Imposes New Small Business Reporting Requirements for 2024
Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect. The CTA, enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places…
Life Happens: Update Your Estate Plan
Life is full of unexpected turns. You fall in love, get married, start a family, or unfortunately, experience loss. While these are significant milestones, they also signal a crucial time to revisit your estate plan.…
IRS Changes: $1,000 Penalty-Free IRA Withdrawals
The recent changes in IRS regulations, allowing penalty-free withdrawals of up to $1,000 from Individual Retirement Accounts (IRAs), mark a significant development in retirement planning policy. This update, implemented under the SECURE 2.0 Act, aims…
Can I Get My IRS Debt Forgiven If I Get Laid Off?
Facing a layoff is challenging, and dealing with IRS debt at the same time can be overwhelming. The good news is that there are options to manage and potentially reduce your IRS debt if you've…
Understanding Innocent Spouse Relief: Protect Yourself from Unpaid Taxes
Did you know that innocent spouse relief can relieve you from paying additional taxes if your spouse understated taxes due on your joint tax return and you didn't know about the errors? This relief can…
What is a Special Needs Trust? Understand Key Definitions and Benefits
Navigating the world of special needs trusts can be overwhelming, especially with all the unfamiliar terms and legal intricacies involved. Whether you have a special needs trust, are a trustee, or your child is a…
Estate Planning with Pets: Securing Their Future
Estate planning isn't just for your human family members—your pets deserve thoughtful consideration too. This article explores how to include pets in your estate planning to ensure they are well-cared for after you're gone. This…
How Unpaid Taxes Can Revoke or Deny Your Passport
Ever thought unpaid taxes could mess with your passport? It's a harsh reality many aren't aware of. When the IRS certifies taxpayers with significant unpaid tax debts, it leads to serious actions regarding their passports.…
Why You Need a Will: Understanding the Consequences of Dying Without One
Navigating the complexities of estate planning can be daunting, but one thing is clear: having a will is crucial. Unfortunately, many people overlook this important document, leading to significant complications for their loved ones. This…