Compiling a marital balance sheet in divorce
Divorce is difficult for almost everyone. Being organized can help facilitate the process. Afinancial expert can help you with the first step, which is generally to compile a marital balancesheet. …
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Stress testing your investment portfolio
Many banks conduct regular “stress” tests to predict the impact of adverse external events ontheir earnings, capital and loan portfolios. Banks use the results to shore up any revealedweaknesses. Investors …
5 key points about bonus depreciation
Like most business owners, you’ve probably heard about 100% bonus depreciation. It’s availablefor a wide range of qualifying asset purchases. But there are many important details to keepstraight. Here are …
Know the nuances of the nanny tax
During the pandemic, more than a few families have hired household workers while schools inmany areas have gone virtual and some day care centers have had limited availability. If you’vedone …
Reconsidering your personal emergency fund
When the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test — if the funds existed at all. Now, about a year later, and presumably …
Have a foreign account? File an FBAR
Any U.S. person who has a financial interest in, or signature or other authority over, any foreign financial accounts must file a Report of Foreign Bank and Financial Accounts (FBAR) …
Home’s where a tax break might be
If you own a home, the interest you pay on your home mortgage may provide a tax break in the form of the mortgage interest deduction. However, you must itemize …
PPP loans: One year later
About a year ago, the Paycheck Protection Program (PPP) was launched in response to the COVID-19 crisis. If your company took out such a loan, you’re likely curious about the …
What’s your financial personality?
Abstract: Everyone’s personal financial plan doesn’t have to be complex, but it does generally need to cover two major facets: paying down debt and saving money. This brief article discusses …
Consider taxes before moving out of state
Abstract: Many people might think about moving to another state. However, it’s important to consider the tax ramifications before doing so. This article urges readers to identify all applicable taxes …