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Individual Tax Topics

Insights on individual income tax issues, reporting, and planning considerations.

Allocating Marketplace Premiums

Allocating Marketplace Premiums

Allocating Marketplace Premiums It’s not what you (or I) might think Tom talks through a couple of examples of allocating marketplace premiums within a family. We hope this brief video…
Should Qualified Plan or IRA Distributions be Included on the 2020 Return?

Should Qualified Plan or IRA Distributions be Included on the 2020 Return?

Making the Argument to Include Entire Qualified Plan or IRA Distributions on the 2020 Return. To assist taxpayers financially during the pandemic, Congress enacted several changes to early withdrawal rules…
2020 Year-End Tax Planning

2020 Year-End Tax Planning

2020 Year-End Tax Planning: Walking into the Great Abyss? 2020 is likely turning out to be a year we will never forget. Even though we might wish to forget it,…
Deductible Expenses When an Estate or Trust is Closed

Deductible Expenses When an Estate or Trust is Closed

Deductible Expenses When an Estate or Trust is Closed Are You Bewitched, Bothered and Bewildered? Bewitched by estate or trust miscellaneous itemized deductions? Bothered if expenses are specific to an…
Tapping into IRAs and Qualified Plan Accounts

Tapping into IRAs and Qualified Plan Accounts

Tapping into IRAs and Qualified Plan Accounts Clients finding themselves in dire financial straits this fall? How about tapping into their IRAs or qualified plan accounts? Better hurry – the…
Should a Trust be an IRA Beneficiary?

Should a Trust be an IRA Beneficiary?

Should a Trust be an IRA Beneficiary? Most owners of IRA accounts name a beneficiary or beneficiaries to receive the assets upon the death of the IRA owner. But much…