Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was $411,200 in the Northeast, $275,300 in the Midwest, $305,200 in the South and $508,300 in ... Read More ›
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or ... Read More ›
The Internal Revenue Service (IRS) regulations require employer identification number (EIN) holders to update their responsible party information within 60 days of any change by filing Form 8822-B. The responsible party information is defined as the individual or entity who “controls, manages, or directs the applicant entity and the disposition of its funds and ... Read More ›