June 2017: Client Alert

Dear Readers, Happy Summer! Tax Calendar June 15 Second quarterly installment 2017 individual estimated tax due. Second quarterly installment 2017 estimated tax for calendar-year corporations due. Individual tax filing deadline for U.S. citizens living or serving in the military overseas.   Schedule Your Midyear Tax Planning Session Most people don’t...

Filing Your Own Return

In our last post, we reviewed the main advantages and disadvantages of joint tax returns for married couples. This post will focus on when a married couple should consider filing separately, and special considerations if they reside in a community property state. When to consider filing separately Following are the...

The Joint Tax Return

IRS data indicates that over 95% of married couples file jointly – and for most, but not all, couples this makes good economic sense. In this two-part series, we will discuss the advantages and disadvantages of filing joint and separate tax returns and how filing separately works for people who...

Role of the Trustee

When Edna Sue Pate was appointed trustee of her 10 year-old grandson’s $100,000 college fund in 2003, it is unlikely that her relatives knew about her gambling addiction. Or perhaps they thought that her grandmotherly instincts would nevertheless make her a reliable protector of her grandchild’s money. As far as...