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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 […]

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 […]

October262015
To Bunch or not to Bunch?

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 […]

September282015
The Supreme Court – Once Bitten Twice Taxed Revisited

So I have been at Berdon for almost 20 years now and one of my oldest, most popular and unfortunately largely still true articles was entitled, “Once Bitten, Twice Taxed.”  […]

September282015
How Do I Choose My Estate’s Executor?

Choosing the right executor is critical to the smooth administration of your estate. The person you appoint for this role does not have to be a professional executor or someone […]

September282015
Can You Say IC-DISC?

Are you an exporter of American-made goods? If so, an interest-charge domestic international sales corporation (IC-DISC) can help slash your tax bill.

September212015
SALT TAX: Online Sales Tax – Caveat Venditor…

Last week’s post discussed how state tax departments are closing sales tax loopholes of online retail.  This week, we’re examining this from the online merchant’s perspective.  As of 2008, and […]

September212015
Life Insurance Owner? Consider Establishing an ILIT

An irrevocable life insurance trust (ILIT) could help you eliminate estate tax liability from any life insurance policies you own at the time of your death.

September212015
Collectibles For Charity

If you are a collector, and not a dealer, donating to a public charity from your collection instead of your bank account or investment portfolio can be a wise tax […]