Linda Kotis: Your Heirs May Find Your Single Member LLC Taxing

By Linda Kotis I. SMLLC Scenario and Potential Consequences Archie and Edith were married for 50 years. After Archie’s death, Edith sold their home in Queens, New York for a tidy profit. Archie also named his wife as the beneficiary of a large insurance policy he bought when he first started working at the loading … Continue reading Linda Kotis: Your Heirs May Find Your Single Member LLC Taxing

Stanley I. Foodman: Will Optional GIIN Reporting on Form 8938 continue to be Optional? Or is it the beginning of a new IRS Cross-Reference?

By Stanley I. Foodman, CEO, of Foodman CPAs & Advisors, Miami Florida   IRS Form 8938 (a FATCA created form) is the Statement of Specified Foreign Financial Assets in which Taxpayers are required to report their specified foreign financial assets when their value meets the obligatory reporting threshold. It has been a required form for … Continue reading Stanley I. Foodman: Will Optional GIIN Reporting on Form 8938 continue to be Optional? Or is it the beginning of a new IRS Cross-Reference?

What Makes Or Breaks A Relationship? By Regina A. DeMeo

Last week on the Washington Post Express FB Live segment of Baggage Check, I got to cover major issues that come up for couples with respect to money.  But hopefully it is clear that money is just the topic, and the real issue is usually something much deeper like a need for safety and security, … Continue reading What Makes Or Breaks A Relationship? By Regina A. DeMeo

Why Is There A Surge In Divorces After The Holidays?

During the holidays, many families struggle with these three questions: 1. Where will we be for the holidays? 2. Who will we be with? 3. How much will we spend? If a couple is not on the same page with respect to these issues, they tend to face a perfect storm that can bring out … Continue reading Why Is There A Surge In Divorces After The Holidays?

By Regina A. DeMeo: 3 Great Take Aways From Divorce

Imagine that one day someone tells you that you have to find a new place to live relying on only half your household income, while at the same time your assets are reduced by 50%. Be honest, no matter who you are that's going to hurt. To make matters worse, in addition to the huge … Continue reading By Regina A. DeMeo: 3 Great Take Aways From Divorce

By Regina DeMeo: 6 Main Reasons to Modify a Parenting Plan

Parenting Plans, which are private agreements between parents, and Custody Orders, which are approved by judges, are not written in stone.   Separated parents need to be prepared to discuss changes as needed because modifications are actually quite common in custody cases, especially in those like the one involving Angelina and Brad Pitt's six children, … Continue reading By Regina DeMeo: 6 Main Reasons to Modify a Parenting Plan