Charity Minefields in Estate Planning
Giving to charities through gifting and estate planning can provide may rewards, and not just a good feeling knowing you are helping others. There are plenty of tax breaks that can come along with being charitable. However, there are also several minefields that can unintentionally hurt you and your loved ones if the transition isn’t […]
The Married ABC Trust and Tax ID Numbers
A big thanks to a subscriber who sent in a question about the “Married ABC Trust” and how the tax ID numbers work. In this video, I explain how the trust works while both members of a married couple are alive, and then how the tax-saving A, B, and C subtrust “compartments” work when the […]
This Is A Deed Scam
[Below is a reprint of a previously published article, but the situation keeps coming up. Considering my clients keep getting what they think are bills, it’s worth periodically sending this out.] Unfortunately, this is now happening on a consistent basis. Some of our clients are being targeted in a deed scam. I’m not talking about […]
How to Choose a Tax Preparer
WHAT ARE THE PREPARERS QUALIFICATIONS?: All tax preparers are required to have a Preparer Tax Identification Number (PTIN). Ask what license(s) they have (Enrolled Agent, CPA, or Attorney). You want your preparer to at least be a Registered Tax Return Preparer and have met minimal competency requirements. Ask if they are affiliated with any professional organizations. Most professional organizations require their members to take continuing education.
Attorney Earns CMP™ Designation
The Law Offices of Jeffrey G. Marsocci, PLLC is pleased to announce that Mr. Marsocci has earned the Certified Medicaid Planner™ designation in order to better serve his clients and their families in preparing for or dealing with a long term health care crisis. A Certified Medicaid Planner™, also known as a CMP™, is a […]