There are new and exciting changes to 529 plans. The new tax act allows qualified expenses from 529 plans of up to $10,000 per beneficiary per year to be used for elementary and secondary school expenses. These expenses include tuition at religious institutions.
Now Savta can help her grandchildren save for Jewish day schools and yeshivot.
For many of the other…Continue
Posted on February 6, 2018 at 11:43am
Your child probably knows a lot more about technology—from designing a website to posting on social media—than you ever will. At many family businesses, Junior may already be helping with a variety of digital and other tasks.
Have you considered paying your kids for their work? Besides motivating them, putting kid(s) on the payroll is an attractive way to transfer assets to them while saving taxes. You might be able to help them fund their college costs or purchase a home…Continue
Posted on September 14, 2017 at 2:11pm
You must leave specific consent to control your digital assets to your power of attorney, executor or social media provider in order for your appointee to access your account. For more details, click here:Digital Assets
Posted on August 30, 2017 at 12:18pm
Not all foreign securities were created equally. Foreign mutual funds are considered PFICs (Passive Foreign Investment Companies) and are subject to complex tax rules. Those owning PFICs should make sure they are reported them correctly. For more details click here…Continue
Posted on August 22, 2017 at 11:27am