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Inheriting an IRA

Inheriting an IRA

Inheriting an IRA can be a financial boon to a beneficiary. If the beneficiary is aware of all of their options when they inherit an IRA, they may be able to defer the tax implications of the IRA and further increase the financial benefits of the inheritance. Today we...
Nebraska Inheritance Tax

Nebraska Inheritance Tax

Nebraska is one of a small handful of states that taxes heirs on their inheritance. The tax rate varies based on the relationship of the recipient to the decedent. If the decedent’s property passes to their spouse in full, there is no inheritance tax due. Any property...
Tax developments – spring 2018

Tax developments – spring 2018

Tax developments – spring 2018 The following is a summary of a few tax developments that have occurred in the first few months of 2018 that may affect you, your family, your investments, and your livelihood. Please Contact Us for more information about any of...
What is the gift tax and who pays it?

What is the gift tax and who pays it?

What is the gift tax and who pays it? The gift tax is a tax on the transfer of property by one individual to another while receiving less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not. Gift tax applies to the...
Are you maximizing your compensation?

Are you maximizing your compensation?

Are you maximizing your compensation? If you work for a company that offers a 401k or similar plan it may offer an employer match. If your employer offers a full or partial match you should contribute at least enough to make sure that you get all of the dollars your...