Monday January 17, 2022
News
Trusts to Protect Children
Trusts are an excellent way to provide for the support and care of children while protecting them. Two important reasons to create a trust are to care for minor children or for a special needs child. In both circumstances, trusts can be an essential part of making plans to provide the best possible care.
How Trusts Work
There are several people and terms that you should know in order to understand how trusts work. Let's examine the different people or terms that will be useful in setting up and operating a trust for children.
Trustee: A...MORE
Tax Filing Season Begins January 24
In IR-2022-8, the Internal Revenue Service announced that tax season will start on Monday, January 24, 2022. On that date, the IRS will begin to accept and process tax returns. The delay is needed in order to program and test the IRS computers, which are being updated to ensure calculation of the proper Child Tax Credit and Recovery Rebate Credit.
IRS Commissioner Chuck Rettig stated, "Planning for the nation's filing season process is a massive undertaking and IRS teams have been working nonstop these past several months to prepare. The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund do not face processing...MORE
How to Get Your Affairs in Order
I would like to get my personal, legal and financial information organized so my children will know what is going on when I am no longer around. Can you offer any tips on the best way to accomplish...MORE
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