Trust Accounts & Taxation

A suggestion: put assets in trust, with a trustee (possibly you) to administer and manage the trust’s assets. Trusts have many features and variations: e.g., they can be established before or after you die. If you set up a trust now and make it irrevocable, the assets...

Review Options for a Flexible Spending Plan

Consult your CPA about ways to save money. Does your employer offer an FSA or cafeteria plan for medical expenses not covered by insurance? FSAs let employees pay some health-care expenses with pre-tax compensation dollars. The tax savings can be substantial. FSAs may...

Car Buying Season! 2011 Tax Credits

Taxes Wired For Electric Vehicles As the weather begins to break, many think about updating their vehicles. The hype over the Volt, Leaf and other plug in vehicles will only intensify as new technology develops. The government is helping with generous tax credits,...
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