CPA Chat

A Berdon Blog
Featured Articles
CPA CHAT
December072015
Estate Tax Planning for Unmarried Couples

Unlike married couples, who can take advantage of the marital deduction, unmarried partners can’t transfer unlimited amounts to each other tax-free. To reduce their estate tax bills, they must take […]

November302015
Permanent Place of Abode: Can I Call a Plumber?

So those of you who have been avidly reading my blog (thanks, Mom) know we have been examining the “permanent” aspect of Permanent Place of Abode (PPA). We will continue […]

November302015
Art Appraisal Critical for Donation Purposes

Valuable works of art may be ideal candidates for lifetime charitable donations. Generally, it’s advantageous to donate appreciated property because, in addition to reducing your taxable estate and garnering an […]

November302015
Year-end Strategies to Reduce Taxes on Investment Income

While economics — not tax consequences — should drive your investment decisions, it’s important to consider taxes. Higher income taxpayers may be facing the 39.6% short-term capital gains rate, the 20% long-term […]

November232015
Success and Failure Are Not Permanent, So Why Is My Abode?

Last week we briefly hinted to one of the linchpins of statutory residence; the permanent place of abode or PPA. So crucial is this term of art to a determination […]

November232015
Relocating? Investigate Community Property Laws

Here’s one more item married couples must investigate if considering relocating to another state: How will a new state’s laws affect your property rights?

November232015
Tax-deductible Contributions to Qualified Charities

Donations to charities are generally tax-deductible if the charity is qualified by the Internal Revenue Service. You can check with the IRS’s online search tool, Exempt Organizations (EO) Select Check […]

November162015
Saving for college through a 529 savings plan

You should start saving for your children’s college education long before they start attending college. Saving through a Section 529 plan may provide you with several benefits. While contributions are […]

November162015
Where You Rest Your Weary Bones May Have No Impact on Tax Residency

As avid readers of my blog already know (see last week’s installment), most states have a two-pronged approach to pulling you in as a resident and consequently taxing you on […]