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The Tax Reform Act Isn’t All That Bad For Massachusetts Homeowners.

First: There is no change in the Capital Gain Exclusion on the sale of your primary residence. For a long time now, the rule has been that the increase in value of a primary residence is not taxes if the gain si nor more than $250,000 for an individual or $500,000 for a married couple […]

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Understanding Your Real Estate Tax Bill.

Right after the New Year, I often get calls from my clients who are stunned and confused their new real estate tax bill. They don’t understand why the bill they just received is so much higher than the one they paid for November 1, which was for the same Fiscal Year. Here’s how to understand […]

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What Tax Reform Means For Small Businesses & Pass-Through Entities

One of the most significant changes under tax reform is the tax treatment of businesses. Unlike changes to the individual tax scheme, which are temporary and somewhat piecemeal, the changes to the business tax scheme are permanent and fairly comprehensive. It would be impossible to address all of the changes so I’m focusing on what I’ve […]

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Tax season preparation: 10 ways to get a jump start on your taxes

Tax season is fast approaching, with everyone’s employer due to send their W-2s by the end of January. Now is the time to start getting ready to file your taxes. It’s helpful to be mindful of your taxes throughout the year, which will help you stay organized and avoid scrambling every year when tax season […]

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See Freya’s Help for Your Family on #womeninspiredTV.

Need a Speaker for a Business Event? Give us a call at (617) 369-0111 or email freya@shoffnerassociates.com   See Freya’s Help for Your Family on TV. How do you secure your legal and financial safety and make sure you don’t make the most common legal mistakes? Join my guest Freya Shoffner at 1:30pm EST on […]

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How long should you keep important documents?

Getting rid of documents properly can be key to protecting your personal information online and off. As your financial life gets more complicated, it’s difficult to know how long to keep documents and when it’s safe to get rid of them. Some things you’ll need to hold on to for your whole life and others […]

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Got a will? Here are 11 more end-of-life documents you may need.

Most consumers don’t have key end-of-life documents in place. Documents like a DNR and POLST overlap, but that redundancy can help ensure your wishes are followed. “We all prepare ahead of time for what we know is coming up,” Amy Florian, chief executive of Corgenius, told advisors Wednesday at Schwab IMPACT 2017 in Chicago. If […]

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IRS Announces It Will Begin Enforcing Unpopular Employer Mandate

IRS Commissioner John Koskinen is leaving a good-bye gift as he exits his job tomorrow and it is going to be a “major hit on employers,” according to an editorial in this morning’s Wall Street Journal. The IRS will for the first time begin to enforce the unpopular employer mandate in ObamaCare. Letters to noncompliant […]

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IRS faulted on scrutiny of estate and gift tax returns

Having a carefully and accurately constructed estate plan can help eliminate uncertainty when it comes time to file your estate and gift tax returns. Click to read full article PDF> Michael Cohn original article here Need a Speaker for a Business Event? Give us a call at (617) 369-0111 or email law@shoffnerassociates.com SUPPORT Children of […]

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Digital Asset Planning , Password Sharing & the Risk of Liability

Digital Asset Planning Is Essential Since 2005, the percentage of American adults who have a social media account has increased from 5% to 69%. On average, internet users have 7 social media accounts (up from 3 in 2012). And that number doesn’t include other digital assets individuals may accumulate in their lifetime: emails, bitcoins, domain […]

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