Estate Planning 101-The Basics

The majority of American’s die today with no will, trust or estate plan whatsoever.  The absence of a valid estate plan means the state will decide how to distribute your estate, and it may not be the desired result that you were intending. An estate plan is essentially a written plan for the disposition of your assets at death.  A well drafted plan can avoid
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Categories: TRUSTS, ESTATES & FIDUCIARIES.

New Trustees & Executors-Information We Will Need

The following is information that we will need from you to assist you with your trustee or executor administration duties. Due to the different types of trusts and variations in their complexity, not all areas listed will apply to you.  There will most likely be other items not listed that we will identify through the discovery process.  Please note: the facts and circumstances are different
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Categories: TRUSTS, ESTATES & FIDUCIARIES.

Why You Should Hire a Professional In-Home Caregiver

Most long term care is provided in the home by family caregivers. Family members can make a difference in the quality of life for their aging parents, or other loved ones, if staying at home is an option. The problem for the family caregiver is that the high level of stress that results from being the primary caregiver often leads to illness and in many
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Categories: EMPLOYEES & HR and SENIOR & AGING ISSUES.

Beware When Hiring In-Home Care Workers

Why would anyone take on the risks and liabilities involved in hiring an in-home care worker for a loved one, who is neither screened, licensed or bonded? The classifieds are filled with people looking for work as aides to the elderly. The question is: Should you hire on of them? Some of these advertisers may be well-qualified and honest, who will do a good job;
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Categories: EMPLOYEES & HR and SENIOR & AGING ISSUES.

Beware of Tax Debt Relief Scams

Beware of telemarketers and advertisers on radio and television who make claims that sound too good to be true and who claim that they can settle IRS claims for “pennies on the dollar”. To avoid getting ripped-off in these scams, be sure to use local tax professionals whenever you have IRS problems.  Check the company’s website to verify that actual tax resolution professionals are employed,
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Categories: IRS PROBLEMS, SACRAMENTO PERSONAL TAXES, and SCAMS & SCHEMES.

Building a Business Relationship with Your Tax Advisor

You will receive much more benefit each year, if you have your taxes prepared by a licensed tax professional (an EA or CPA), instead of one of the giant chain tax preparation offices. The giant chains, such as H&R Block, Jackson-Hewitt, Liberty Tax and others, hire unlicensed, low-skilled, seasonal preparers to provide tax preparation services each year.  Then, as soon as Tax Season is over,
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Categories: SACRAMENTO PERSONAL TAXES.

Do I Really Need a Tax Professional?

Yes.  A qualified tax professional with all of the facts at his or her disposal can determine the appropriateness of the application of any tax law to your given situation. Every year there are numerous changes to the tax laws and the tax code.  IRS Code sections now number from 1 to over 9,800 and encompass more than 11,000 pages.  Frequently, provisions are added while
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Categories: SACRAMENTO PERSONAL TAXES.

IRS Ramping-up Audits of Small Business Entities

Audits of businesses are much more extensive and intrusive than those for individuals.  Should your business be audited, you can expect that every bank and checking account that you have in your household will be taken into consideration.  The auditor will be looking for “unreported income”. The IRS believes that most small businesses do not report all of their earnings.  In addition to the audit
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Categories: BUSINESS TAX STRATEGIES.