Aug 21, 2019 | Income Tax
Death of a Taxpayer When a taxpayer dies, there are certain returns that still need to be filed, a responsibility that falls onto the personal representative. Personal Representative Under state law, a personal representative is the person appointed by a court to...
Jul 29, 2019 | Income Tax
Wills and Intestacy A will allows the testator (the person creating the will) to specify: • Who receives property at the testator’s death. • Whether beneficiaries receive gifts outright or in trust. • Who will act as personal representative. • Who will be the guardian...
Jul 24, 2019 | Income Tax, Sarasota Tax & Accounting
Personal Financial Planning Budgeting Steps to managing income and expenses include: • Be realistic when making a budget. • Identify monthly outflows as living expenses, savings, and discretionary. • Estimate low for income. • Estimate high for expenses. • Track every...
May 14, 2019 | Income Tax
Are you getting married here in Sarasota? Are you ready for the best day of your life? Are you ready to update your status from “single” to “married” when it comes tax time? Updating your status from single to married may bring about some unanticipated changes,...
