by Rahul Ramdas | Sep 24, 2021 | Financial Planning, Individuals Articles, Tax Articles
We have all heard the saying in marriage that “what’s yours is mine”, but is that true from a legal standpoint? Texas is one of nine states in the United States that has community property laws. Many people believe that in a community property state, once you are...
by Rahul Ramdas | Sep 14, 2021 | Individuals Articles, Tax Articles
The home office deduction is an often overlooked deduction. This deduction is available to qualifying self-employed taxpayers, independent contractors (1099 income), or those actively participating in a S Corporation if they do not have a designated workspace (i.e.:...
by Rahul Ramdas | Aug 10, 2021 | Child Tax Credit, Individuals Articles, Tax Articles
On July 15 the IRS started sending out the monthly Child Tax Credit payments. There were about 35 million families that received either a check or direct deposit. Each payment was up to $300 per month for each child under the age of 6 and up to $250 per month for...
by Rahul Ramdas | Jul 23, 2021 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Let’s face it – each of us is going to die one day and we need to plan for the inevitable. Many of us currently do have an inadequate amount of life insurance coverage. Below are five very good reasons to obtain appropriate life insurance coverage: Life insurance...
by Rahul Ramdas | Jul 13, 2021 | Individuals Articles, Tax Articles
IRS Wraps Up 2021 “Dirty Dozen” Tax Scam List Recently, the IRS released a list of tax scams that they saw during 2020. Some may seem familiar while others may be new; however, having information about these scams can prove helpful. Below are some of the common scams...
by Rahul Ramdas | Oct 22, 2019 | Financial Planning, Individuals Articles, Retiring, Tax Articles
https://www.cnbc.com/2019/10/20/what-you-need-to-know-about-required-minimum-distributions-this-year.html If you’re 70½ or older, or inherited a retirement account, you need to take your required minimum distribution by Dec. 31. Now is the time to get organized and...
