HERITAGE — Apr 17

What does it mean when the estate is the beneficiary?

An estate includes all of a person’s assets at their death. When you name an estate as beneficiary...

POLITICAL AFFAIRS — Apr 17

Is there form for basis limitation for K-1 losses?

There is no form for the basis limitation, but a worksheet, and some instructions have been provided...

HERITAGE — Apr 17

Which is college education expenses are tax deductible?

Reminder: Keep your documentation! Schools will provide (via mail or electronic portal) the student ...

CELEBRITY BABIES — Apr 17

What can you write off on Schedule A?

Here is a list of allowable Schedule A itemized deductions: Medical and Dental Expenses. State and ...

ALBUM RELEASES — Apr 17

Can a UTMA have multiple beneficiaries?

More than one beneficiary is OK with a trust, not with a custodial account. More than one trustee is...