Tax Changes and Divorce Planning
Saturday, November 10th, 2018
We’re entering a “new era” of divorce planning because of the Tax Cuts and Jobs Act (TCJA) of 2017. Rose Swanger, CFP®, RICP®, CDFA®, EA explains, “for new divorces that are finalized after Dec. 31, 2018, all alimony payments will be treated like child support payments, which are not deductible. Before, the alimony payor could deduct the amount of their alimony […]
Read More »The Impact of the New Tax Law on Alimony
Wednesday, April 4th, 2018
The new tax law has a tremendous impact on family law because of the change in status of alimony tax payments. Alimony is support paid by one spouse to another as a result of a divorce or separation. Under current federal law and through December 31, 2018, alimony may be a taxable event and is […]
Read More »Comprehensive Financial Planning
Friday, September 30th, 2016
This is a guest blog from Certified Divorce Financial Analyst, Rose Swanger, of Advise Finance, LLC. You can learn more about Rose Swanger and Advise Financial’s services on their website. Will $1 million dollars be enough for your retirement? Many folks would like to think so, or hope so. Well, before nodding your head in agreement, what’s […]
Read More »Important changes in tax laws
Saturday, October 24th, 2015
For our business clients, please be aware of some recent changes in the tax laws: 1. You must file your 941 payments online. Go to eftps.com to sign up. If you don’t, you pay a penalty to the IRS. 2. Withdraw only 4.2% for your employee’s social security taxes, but remember to withdraw the same […]
Read More »