A Berdon Blog

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 […]

An S corporation shareholder-employee is required to earn at least a reasonable salary paid through a W-2. The W-2 wages will be subject to the normal payroll tax for both […]

Another common misconception is the belief that because a transaction is tax free (really, tax deferred) for federal tax purposes the states will tag along and not subject the transaction […]

Having a charitable remainder trust (CRT) as part of your estate plan can help ensure your financial future while allowing you to make a charitable donation.  How does a CRT […]

For 2015, you can contribute up to $18,000 to your 401(k). If you’ll reach age 50 by December 31, you can also make “catch-up” contributions (up to $6,000 for 2015). […]