Aging is often associated with social security and fixed incomes. However, as people live longer, the incidence of dementia or other mental disability becomes more of an estate planning problem. Often, the elderly have the foresight to appoint an attorney in fact under a power of attorney (POA) to act
Social Security income used to be tax-free to all, but that’s no longer the case. Depending on your other income, you could wind up paying tax on up to 85% of your Social Security benefits, at a time when you need steady income the most. However, your qualified tax professional
Taxpayer Bill of Rights Copyright 2018 Joseph Cassano
America’s taxpayers have specific rights when they interact with the IRS. These ten rights are known collectively as the Taxpayer Bill of Rights or TABOR. These rights cover a wide range of topics and issues, and lay out what taxpayers can expect in the event they need to work with
Think Carefully Before Converting to a Roth IRA
In the 2017 Tax Cuts and Jobs Act, Congress eliminated the special rule that allows a traditional IRA converted to Roth IRA to be recharacterized back to traditional IRA. The change goes into effect for conversions made on or after January 1, 2018. Note, however, a Roth IRA conversion made
With the rapid rise of so called “gig” workers nowadays, many employers need to make the distinction between an employee and an indpendant contractor. While making this distinction would seem straightforward, this has traditionally been a point of uncertainty for many businesses. Now, as the result of a landmark court