Tax Day for Individuals Extended to May 17
The Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance...
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Protective Refund Claims for Taxes Paid Under the Affordable Care Act (ACA)
April 15th is not just Tax Day. It is also the deadline to file a protective refund claim for timely-filed 2017 tax returns. Currently there is litigation pending in the Supreme Court challenging the constitutionality of the tax provisions...
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Strategies for Claiming Social Security Benefits
When to claim social security is a very personal choice, so it’s important to consider not only your monthly retirement benefit, but also your overall financial picture. There is no “one size fits all” solution to claiming Social Security...
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Breaking up Is Hard to Do: That Home in Florida May Not Save You From State Income Taxes
Domicile is a lesser-known concept that goes beyond where you own property or where you spend most of your time and it is essentially intent-based. Domicile is a person's fixed, principle, and permanent home or the place they intend...
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Growth Versus Value—A Balancing Act, Not an All or Nothing Approach
Over the last decade, there hasn't been much to complain about when it comes to equity performance. Even after the sharp decline seen in financial markets earlier this year, equity indices have rebounded with strength and now sit at...
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