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Tax Changes for 2014

31 Jan
2014 tax law changes

With a new year comes new tax rules.  I’ve touched on some of these changes in previous posts, such as the new home office deduction and the effect of DOMA for same sex couples.  Some of the more talked about changes have come from the Affordable Care Act (Obamacare or the ACA).  While the ACA […]

Home Office Deduction: New and Improved

15 Dec

For those of you that work from home there is some good news for the 2013 tax year.  The IRS has rolled out a simplified process for claiming the home office deduction.  In years past the deduction hinged on the office’s square footage as a percentage of the total dwelling.  The new method allows for […]

Estate Planning for Digital Assets

27 Nov
Estate Planning for Digital Assets

In the past year I’ve gotten more and more questions about what happens to someone’s online accounts when they pass away. This is certainly a great question that often goes unconsidered, even for people that have more formal estate planning in place. With the amount of information available in these accounts, both private and public, […]

How the Government Shutdown Affects Your Taxes

11 Oct

As almost everyone has heard by now, the US government has shutdown a majority of it’s operations. While this affects many different agencies, one hit particularly hard was the Internal Revenue Service, who has less than 10% of its 94,000 plus employees working right now. Many are left wondering the ramifications of these developments from […]

Distinguishing a Living Will From a Will

20 Sep
Living Trust & Estate Planning

One of the most common estate planning requests I get is to draft a living will.  While this is great because everyone needs one, I have found that many people are confusing a living will with another document, such as a will or even a living trust.  This post will explain what a living will […]