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End of the Year To-Do List

End of the Year To-Do List

The end-of-the-year holiday season is a busy time: a mashup of parties and get-togethers with family and friends, shopping and traveling. But be sure to set aside some time to review some financial matters before the clock strikes midnight on New Year’s Eve.
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Life Insurance Can Be a Useful Tool for Foreign Nationals

Life Insurance Can Be a Useful Tool for Foreign Nationals

When we talk about the role of life insurance as part of a financial safety net, the default thinking seems to be to consider it as a tool to help protect families from economic stress in the event of death, or if optional riders are purchased, accident and illness as well. And, in truth, those are its most common uses. But there are many more ways that life insurance can be used in planning for the future.
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Taxing Choices: Part 3

Taxing Choices: Part 3

In the aftermath of the Supreme Court’s landmark ruling last June that overturned DOMA (Defense of Marriage Act), gay and lesbian couples who married in states where same-sex marriage is legal can now file either as “married filing jointly” or “married filing separately.” In fact, they have to. And according to couples interviewed in a recent New York Times article, even if it means paying higher taxes, they are thrilled.
Filed in: Other, Tax Planning
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Taxing Choices – Part Two

Taxing Choices – Part Two

Recently I posted about the quandary that many find themselves in during tax season: should they seek out professional help or go it alone in preparing their federal and state returns? But for those who have decided not to hire a tax pro, but still have lingering doubts about doing their own tax return preparation, there is a third way: using tax preparation software.
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Taxing Choices – Part One

Taxing Choices – Part One

April 15 is only about a month away. Ready or not, it’s time to start thinking about preparing your tax returns. The question for many is: do you need help or can you do it yourself? By now you should have received all the documents you need to file your federal and state tax returns. You know, those 1099s and W2s you’ve received for wages, freelance fees, dividends and other income.
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