David Lerner Associates: Who Can Benefit From College Savings Plans?
There are many types of people who can benefit from college savings plans especially parents and grandparents of young children, casual investors, or anyone wanting to transfer wealth to another family member as part of an estate plan.
David Lerner Associates: The Panama Tax Evasion Scandal
Financial news has been abuzz this past week with the revelation of leaked documents, dubbed "The Panama Papers" detailing a network of banks and law firms that help many of the world is most powerful people hide money in offshore accounts, according to a coalition of investigative reporters.
David Lerner Associates: Tax Scams
The IRS recently released its annual list of tax scams. The list reminds tax payers to use caution and avoid becoming victims of fraudulent tax schemes.
David Lerner Associates: Tax Plans and Political Candidates
The political race is heating up as the candidates vie for their party is nomination, and as we head into another tax season, it might be interesting to analyze the various tax proposals that each candidate has on their books. A study by The Tax Policy Center has revealed some key points after looking closely at tax proposals for the candidates.
David Lerner Associates: What to Do With Your Tax Refund
Forty eight million Americans have already received a tax refund from the federal government this year. As tax time approaches, millions more are thinking about what to do with this windfall when it arrives. The latest Bankrate Money Pulse survey shows that there have been some significant changes in what Americans are planning to do with this money this year.
David Lerner Associates: IRS Data Theft and the Need to Protect your Personal Information
The U.S. Treasury has released a revised and far scarier picture of the cyber-attack suffered by the IRS last year. Initially, it was thought that just over 100,000 people were affected by the incident, but now they are saying it was over 700,000. That raises the issue of online security and the need to protect your information, as well as staying alert to tax scams as we head into another tax season.
David Lerner Associates: Tax Changes for 2016
Every year we are faced with new federal tax codes, and 2016 is no different. This year is changes could mean penalties if you do not have health insurance, or they could bring you welcomed savings if you happen to own a small business.
David Lerner Associates:Worker Classification and Taxes
As an employer, whether you are a small business or a Fortune 100 company, the status of a worker can prove to be a thorny question when it comes to taxes.
David Lerner Associates: Education Tax Credits
Summer is most often thought of as a time for fun and relaxation. If your child is one of the 21 million heading to college in the fall it is also likely to be a time for financial planning. There is one aspect that could lighten the load - education tax credits.
David Lerner Associates: Analyzing Estate Planning and Income Tax Basis
Income tax basis may be essential when deciding whether to make gifts now or transfer real estate at your death. The income tax basis for the person receiving the property depends upon whether the transfer is by gift or at death.