Category Archives: Regular Blog

The Talk No One Wants to Have: Planning for Long-Term Care! by Cavalier Associates    No one wants to think about old age, incapacitation, and the long, slow slide toward the grave – let alone talk about it with your adult children who will very likely be in the mix! But if you’re not ready to discuss this with your children, at least discuss this with your spouse. God forbid it should happen to you, or to your loved ones. … Continue reading

Use Your Business to Maximize Charitable Donations Do you own a business? Are you self-employed? Giving to your church, school, or other 501(c)(3) charity is a noble and important act no matter how you choose to give. These organizations do more good – with less funds — than the government! But for the purposes of tax savings, some forms of giving are much more beneficial to you than are others. As a business owner, you can use some business strategies … Continue reading

Congress Reinstates Expired Tax Provisions Congress let many tax provisions expire on December 31, 2017, making them dead for your already-filed 2018 tax returns. In what has become a much too common practice, Congress resurrected the dead provisions retroactively to January 1, 2018. That’s good news. The bad news is that if you have any of these deductions, you have to amend your tax returns to make this work for you. And you can relax when filing your 2019 and … Continue reading

Congress actually accomplished some important but lesser-known work beyond the SECURE Act it just passed on 12/20/2019 and Trump signed it into law a few days later. For example, as part of the year-end spending law to keep the government funded, Congress has retroactively revived through 2020 more than two dozen temporary tax breaks that had expired after 2017 with the new TRUMP tax laws (TCJA) effective 2018. Among those laws CONGRESS bought back to life: * Letting debtors treat … Continue reading

Every year millions of Americans make a New Year’s Resolution to finally get their estate planning done or updated to reflect current circumstances (live in a new state, the new SECURE Act provisions or perhaps need a multitude of possible adjustments). But sadly, each year most of these well-needed and very important resolutions never get completed. But EVERYONE already has an estate plan – EITHER the one you proactively had done with your personal wishes… OR the one your State … Continue reading