Home Office Deduction The home office deduction is available to small business owners who regularly and exclusively use a portion of their home for business related activities. This deduction is taken if you file a Schedule C. In this article, we will go over the basics of the home office deduction. The Basics You [...]
Exchange Traded Funds Exchange traded funds, or ETFs serve as a building block to a diverse portfolio. They are a type of investment fund that allows investors to pool their money in a selected basket of securities that are traded on a stock exchange. In this article, we will go over the basics of [...]
Long Term Care Insurance Riders Long term care insurance comes with optional add-ons that allow you to customize coverage. These typically come with an additional cost. In this article, we will go over some common long term care insurance riders and what they can accomplish for you. Inflation Protection The first long term care [...]
Testamentary Trust Frequently Asked Questions A testamentary trust is a type of trust that only comes into existence through the probate process. In this article, we will go over five frequently asked questions about testamentary trusts. What is a Testamentary Trust? A testamentary trust is a type of trust that is created through a [...]
Understanding Form 1120-S Form 1120-S is the name of the tax return for S-Corporations. It calculates the business’ taxable income and liability, which is passed on to shareholders to report on their personal tax returns. In this article, we will go over some basic information about Form 1120-S. Required Information First, you will need [...]
Types of Bonds A bond is a loan from an investor to a borrower, such as a corporation or government. This loan is given for a set period, where the investor receives regular interest. There are many types of bonds. In this article, we will go over 5 types of bonds so you can [...]
6 Fixed Index Annuity Myths You have many options available to you to help you provide for future income. A fixed index annuity can be a great way to provide a guaranteed income stream during retirement. But there are many common misconceptions about these financial vehicles. In this article, we will bust 6 fixed [...]
Medicaid Asset Protection Trust A Medicaid Asset Protection Trust can help you to qualify for your long-term Medicaid care when you have assets in excess of their limits, without spending those assets down. By transferring assets into this type of irrevocable trust they protect them from being counted against you for eligibility purposes. In [...]
Form 1065-Partnership Tax Return A Form 1065 allows a partnership to report their financial activities to the IRS. This would include profits, losses, deductions, and credits. Partnerships do not pay income tax with this return. Rather they pass the profits or losses on to the partners to report to their individual tax returns. Partnerships [...]
7 Steps to Prepare for Retirement Retirement is a significant life event that requires years of preparation and planning. As you go along you will need to continuously evaluate your plans and adjust. We want to be here to help you with your retirement plan. In this article, we will go over 7 steps [...]
