Lending to friends and relatives can be tricky, and not only because of the stress it can place on your relationships. There are tax issues involved as well. If you must lend money to someone close to you, here are some tips to do it right in the eyes of the tax code. Charge interest Yes, you …
Tax
The Fight for State Tax Dollars: Understanding “Domicile”
If you work remotely in a state different from where you reside, or you are thinking about changing your residence from one state to another, you may be at risk of a state tax conundrum. State tax collectors are highly motivated to make sure that their state receives as many tax dollars as possible. …
Tax-Wise Financial Planning
In our last two pieces, Tax-Wise Investment Techniques and Tax Planning in Turbulent Times, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. Life happens. Often, we cannot predict its next …
