Resources

If you have had a successful year (and we hope that you have!) and are feeling particularly generous this holiday season, then you may be wondering what is the most tax efficient way to make a gift to your favorite charity. As many of you know, the Internal Revenue Code […]

On August 29, 2013, the IRS issued an announcement (Rev. Rul. 2013-72 http://www.irs.gov/pub/irs-drop/rr-13-17.pdf ) ruling that it will treat same-sex couples, legally married in jurisdictions that recognize their marriages, as married for federal tax purposes. Importantly, the ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.

The Parsippany-Troy Hills Library is sponsoring a free seminar on financial and estate planning. The seminar is entitled Protecting your New Family: A Guide to Ensuring a Healthy Financial Future. It will be held at the Main Library on Saturday, June 8, from 10am-12pm.

I got divorced last year and will be filing taxes separately from my ex for the first time.  We have two kids and share joint custody.  Who gets to claim them on their income tax forms for deductions? Claiming a child as a dependent on your tax returns can be […]