News
Tuesday February 7, 2023
Personal Planner
Trusts can be quite useful for protecting children. However, for some children, the trust serves an additional function:...More |
Savvy Living
What steps need to be taken after a loved one passes away? A family member of mine who has no children was diagnosed with terminal cancer. He has asked me to take care of his affairs so I would like to know how to prepare.
The death of a loved one can bring about a host of different tasks and responsibilities.
Here is a list of some things that can be done now and after their death to help keep a difficult time from becoming even more challenging.
Before Passing
There are several things your family member can do now that can facilitate the handling of their affairs after their passing.
First, your family member should determine that all their important documents are easy to locate,...More |
Washington News
In IR-2023-17, the Internal Revenue Service (IRS) suggested a checklist for 2022 tax returns. The IRS offered several recommendations that will assist taxpayers and make for a smooth tax preparation year. In addition, we offer a few checklist items for you to consider.
1. Gather Tax Records — Taxpayers need to gather their records for the tax return. You will need Social Security numbers for all of family members, your bank account and routing numbers to file electronically, IRS Forms W-2, 1099 and 1098. You should have IRS Form 1095-A, Health Insurance Marketplace, and any letters sent to you from the IRS.
2. Report All Income — The IRS reminded taxpayers that all income is...More |
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