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 […]
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 […]
Owning a life insurance policy is a common part of many individual’s estate plans.
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 […]
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 […]
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 […]
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 […]
Most moderate or high income taxpayers will not receive a federal tax benefit for their unreimbursed medical expenses. While medical expenses are deductible as an itemized deduction, taxpayers can deduct […]