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CPA CHAT
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 […]

November092015
Golf and a Little Bit of Residency Planning, Anyone?

At Berdon, we do our best to educate our clients about the tax ramifications of their decisions.  They know that in most states there are two ways to be considered […]

November092015
Keeping Life Insurance Proceeds Out of Your Estate

Owning a life insurance policy is a common part of many individual’s estate plans.

November092015
Tax consequences of refinancing your home (Part 2 of 2)

With certain limitations, points paid (i.e. prepaid interest) on the acquisition of a qualified residence are deductible in the year paid. The treatment of points paid on a refinancing are […]

November022015
Tax consequences of refinancing your home (Part 1 of 2)

While interest rates are still low, you may be considering refinancing the mortgage on your principal residence or second residence to take advantage of low interest rates.  You should beware […]

November022015
Incapacitation of Elderly Parent a Tough Family Decision

One of the most challenging estate planning decisions may be when an elderly parent loses control of his or her faculties. It can be difficult for children to determine whether […]

October262015
Traps in Transactions: Don’t Take Sales Tax So Casually

You’re selling (or buying) that long coveted investment property. Since you are a regular reader of my blog, you have considered all of the income and transfer tax implications and […]

October262015
Pitfalls of Joint Ownership

Owning assets jointly with one or more heirs is a common estate planning “shortcut”.  While the advantages of joint ownership can include convenience and avoiding probate, it may also create […]