Question: My daughter is well behind on her home mortgage payments and her house will likely be lost by foreclosure or otherwise. Will she have to pay tax on the unpaid mortgage balance?
Tax Corner
Establishing Disability Insurance Program for Employees
Question: I own and operate a small business and am trying to determine how best to establish an insured disability insurance program for the company employees. If an employee becomes disabled and receives benefits from the insurance company, will the employee be taxed on the benefits received?
Post-Mortem IRA Withdrawal Strategies
Question:       I am the beneficiary of my uncle’s IRA who died at age 65. What is the best way for me to withdraw money from the account?
Tax Savings on Business Contract Sales
Question:       My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
Passing Vacation Homes to Family Members
Question:       I have a vacation home that I want to leave to my three children but I am not sure how to do so. Do you have any suggestions?
Passing Assets to Non-Citizen Spouses in Tax Effective Manner
Question: My spouse is not a U.S. citizen. Can I leave assets to her upon my death without incurring estate tax?
Understanding Cryptocurrency Tax Rules
Question: I deal in cryptocurrency through my business. Customers sometimes pay me in Bitcoin and I sometimes use Bitcoin to pay suppliers. Will these transactions be treated as if payment was made in cash?
Benefits of State Pass-Thru Entity Tax
Question: As the owner of a pass-thru entity, can I benefit by paying my state’s new pass- thru entity tax?
Claiming Bad Debt Losses
Question: A few years ago, I individually loaned a friend a sizeable amount of money. Since there is no chance I will be repaid, can I report a tax deduction for the amount loaned?
Tax Planning for College Education
Question: What is the most tax efficient way for me to put away a large sum for my grandchildren’s college education?