Category: Personal Finance

Q & A and Tips on Accounting, Taxes and Personal Finance.
Why Estate Taxes Get Complicated

Why Estate Taxes Get Complicated

Prince Died Without a Will – Why Estate Taxes Get Complicated What happens to the estate when someone dies without a will? Usually when a famous person dies, news of their death travels fast, far and wide. Living relatives and those claiming to be relatives will come forward staking their claim on estate assets. If […]

November 3, 2016 | By More
Exemptions for the Form 8965 Health Care Coverage

Exemptions for the Form 8965 Health Care Coverage

There are several coverage exemptions available for the 2015, Health Care Coverage form 8965 that most people who prepare their own tax returns don’t know about. For Instance, if a coverage exemption was granted by the Marketplace, enter the Exemption Certificate number provided by the marketplace. The following are some exemptions available to taxpayers: If […]

March 4, 2016 | By More
Fraud Abuse and the Elderly

Fraud Abuse and the Elderly

With the recent death of Harper Lee, the famous author of “To Kill a Mockingbird”, it was recalled that Lee herself had been a victim of financial elder abuse a few years earlier. According to a lawsuit, Lee’s former publisher had “duped” Lee into signing over the copyright to the novel in 2007. Lee had […]

February 22, 2016 | By More
Estimated Taxes

Estimated Taxes

September 15, 2014 is the due date of the next scheduled estimated tax payment for individuals.  What exactly are estimated tax payments and why would you have to make them? “This question comes up each year”, says Harry E. Hunter, President of Hunter Consulting.   Harry talks about estimated taxes, what they are and who must […]

September 8, 2014 | By More
How long to retain records for tax purposes?

How long to retain records for tax purposes?

You’re determined to finally clean out that overflowing file cabinet chock full of records and documents saved for tax return support.  Has enough time passed?  Can your shedder finally get a good workout?  Harry E. Hunter, President of Hunter Consulting discusses document retention and how long to retain records for tax purposes. Harry:  One of the most […]

August 11, 2014 | By More
Divorce and Taxes – Tax Implications Of Divorce

Divorce and Taxes – Tax Implications Of Divorce

Divorce, already emotionally stressful, can also wreak havoc on your finances. It’s easy to overlook the tax implications of a divorce while dealing with the emotional parts. Taxes after divorce present a myriad of issues from tax filing status to alimony. Linda Smith, Enrolled Agent and Certified Divorce Financial Analyst, lays out some commonly overlooked […]

July 18, 2014 | By More
Financial Challenges of Elderly Parents

Financial Challenges of Elderly Parents

The financial challenges of caring for elderly parents are many. The sheer weight of it all often leads to feelings of inadequacy and hasty decisions can cause financial distress.  It begins with communication and getting past the “financial discussions are private matters” many of us heard while growing up. Valerie McLaughlin, of Qual-i-Tax, Inc. in […]

June 27, 2014 | By More
Personal budgeting and money saving tips

Personal budgeting and money saving tips

Who couldn’t benefit from increased Personal Financial knowledge? Learning how to budget, money saving tips, debt consolidation, picking the right personal financial software – everyone approaches money differently, but there are some solid methods that have endured through the ages. We’ll tap the expertise of Certified Financial Planners and Daily Money Managers who work with […]

June 9, 2014 | By More