ConnollySteeleOct 17, 20233 minBenefits of a living trust for your estateYou may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92 million for...
ConnollySteeleOct 17, 20232 minKeep these DOs and DON’Ts in mind when deducting business meal and vehicle expensesIf you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have...
ConnollySteeleOct 17, 20232 minAre scholarships tax-free or taxable?With the rising cost of college, many families are in search of scholarships to help pay the bills. If your child is awarded a...
ConnollySteeleOct 17, 20232 minBusiness automobiles: How the tax depreciation rules workDo you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...