A college town can be a good place to own rental property. Students are continually rotating through, and even faculty can be a transient group in need of temporary places to live. With dorm costs rising and space at a premium in certain college towns, some parents are investing in off-campus property as a way […]
If you’ll be seeing your graduate off to college this summer make sure you consider these before they leave. Durable Power of Attorney for Health Care- This will allow parents to continue making healthcare decisions for their child should there be an emergency. HIPPA Authorization- This allows healthcare providers to release information about the child […]
The Economic Growth and Tax Relief Reconciliation Act of 2018 make 529 college savings plans more valuable than ever. Basically, a college savings plan allows you to place money in a state plan to be used for the beneficiary’s higher-education expenses at any college or university. These expenses include tuition, fees, books, supplies, and certain […]
Hobby-Related Loss Deductions Are Disallowed, but Don’t Give Up Hope Let’s say you have an unincorporated sideline activity that you think of as a business, including an activity involving horses. If you have a net loss (deductible expenses exceed revenue) on that activity and you think you can deduct that loss on your personal federal […]
The new tax law passed by Congress late last year and signed into law by President Donald Trump does a lot of things. For example, if you’re fortunate enough to leave behind a huge estate, your heirs will now get the first $10 million tax free. In addition, the corporate tax rate on income for […]
A side from child custody, the most emotionally charged issue in a divorce is usually who gets to keep the house. For most couples, a house is their most valuable asset, and it has enormous symbolic value as well. But while couples often fight over who gets the house, keeping the house isn’t always the […]
Take action on your consumer complaint by putting it in writing: * Be brief (two or three paragraphs) but give a detailed explanation of exactly what happened; *Be respectful and courteous – you want to motivate the company to care about you and to want to help you; *Tell the company what you want and […]
Our thoughts and prayers are with the hurricane Harvey victims in Texas.