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IRS Offers Warnings and Relief on Conservation Easements
Conservation easements help protect natural areas and historic buildings while offering a tax break for the property owners involved. But the IRS views many of these arrangements as "abusive" from a tax perspective. This article discusses two recent updates to this long-standing issue: a revised IRS webpage and a new settlement initiative.
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529 College Savings Plans Are Worth a Close Look
The number 529 has become synonymous with funding a journey into higher education. However, it's still critical for those looking to pay for a college or university tuition, or even that of a private elementary or secondary school, to look carefully at the details. This article specifically addresses Section 529 college savings plans, exploring the benefits and some key considerations.
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Common Tax Mistakes to Avoid
If your objective is to pay the least amount of income taxes, then you need to be aware of common tax mistakes involving deductions, retirement accounts, withholding, charitable contributions and more. Here are seven errors you should watch out for.
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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.
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Disclaimer of Liability
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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3054 Panola Rd Ste H Lithonia, GA 30038
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