Taxes are never a fun thing to consider. For someone who has a couple of W-2 forms and maybe a child tax deduction or two, they’re an inconvenience. For someone who has investment income, tax planning ...

In its simplest form, income tax basis is the cost to buy an asset, which includes the purchase price plus costs and transfer fees. Basis must be tracked because when an asset is sold, income tax ...

Trusts are ubiquitous in asset protection and estate planning. Regardless of a client’s wealth level, he should be using trusts to avoid problems such as a minor child inheriting money outright; ...

Health Savings Accounts (HSAs) might be the single most powerful tax-advantaged savings vehicle in the IRS tax code. You can deduct contributions, experience tax-deferred gains and withdraw money tax ...

No matter how simple taxation laws are enacted in the beginning but they tend to turn into a cobweb of complexities over a period of time leading to legal, procedural complications and distortions.