Question: I will be spending the winter months in my recently-purchased Florida home and residing the balance of the year in my Illinois residence. Can I claim Florida as my State of residence for tax and other purposes?
Question: Having reached age 70½ and begun my minimum required IRA distributions, I question the benefits of directly transferring my IRA funds to charitable organizations rather than making charitable contributions directly as I have done in the past.
Question: Can I utilize funds accumulated in my Health Savings Account for living expenses during my retirement years?
Question: I am selling stock of my corporation and reinvesting a portion of the sale proceeds in the purchasing entity. Is there a way to avoid reporting taxable gain on the reinvested proceeds?
Question: I am the trustee and beneficiary of my deceased mother’s trust and failed to take distributions from the trust during the calendar year 2015. Will all of the trust’s income be taxed to the trust?
Question: Even though I am ineligible to make a Roth IRA contribution, can I make a non-deductible IRA contribution and then convert this amount to a Roth IRA?
Question: Can you explain how I can use an Able account for my disabled son?
Question: I purchased a second residence several years ago which is now worth less than I paid for it. Can I convert the property to business use and report a tax loss?
Question: Due to the estate tax portability rules, do I really need to maintain my current estate plan which creates marital and non-marital trusts for the benefit of my spouse upon my death?
Question: As part of the upcoming sale of my business, I will be receiving a promissory note with no payments to be made until the note’s five-year maturity date. If interest accrues at the IRS rate of interest, will I be subject to imputed interest?