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Here are your DKSS InSIGHTs for February 27, 2026.
The Tax Impact of a Home Sale in Divorce

Among the many challenges divorcing couples face is how to manage the tax impact of selling a principal residence. It's important to follow the rules carefully to claim the federal home sale gain exclusion. We explain the major tests involved and explore common scenarios that affect eligibility for the tax break.

Tax Prep Tips ... Straight From the IRS

Tax Day is fast approaching, and many tax law changes were enacted in 2025. Most taxpayers turn to their tax advisors for guidance on preparing returns. But the IRS also shares its priorities each tax filing season. Here are some highlights from IRS Tax Tip 2026-03 that individual taxpayers should review.

Keeping It in the Family...and on the Payroll

There are many good reasons for small business owners to hire trusted family members, including that they may be able to reap potential tax savings. But it's important to pick the right person for the right position and consider how employees who are outside the family might respond to nepotism. Here's some guidance if you're thinking about hiring your spouse, your children or other relatives.

Is a Mortgage a Liability During Retirement?

In retirement, some homeowners may want to keep a mortgage if they can deduct the interest from taxable income. But others may prefer to pay it off to lower their monthly expenses and invest in potentially higher-returning investments. This article examines whether having a mortgage during one's golden years is a good thing or a bad thing.

Funding Long-Term Care Expenses: What Are Your Options?

Few things can derail an estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some form of LTC (such as a nursing home or assisted living facility stay) at some point in their lives. And the cost of this care is steep. This article explores a few options to fund LTC expenses so that a person won't deplete his or her nest egg. A sidebar details tax benefits available to offset LTC expenses.

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer.The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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