ARE FREQUENT FLYER MILES EVER TAXABLE?

If you recently redeemed frequent yer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there are no tax implications involved. And you’re probably right — but…

PONDERING THE PURCHASE OF A LIFE INSURANCE POLICY

What, if any, role life insurance should play in your financial plan depends on a variety of factors. These include whether you’re single or married if you have minor children or other dependents, and your net worth and estate planning…

BAD DEBTS AREN’T ALWAYS BAD NEWS

The IRS defines a business bad debt as “a loss from the worthlessness of a debt that was either created or acquired in a trade or business or closely related to your trade or business when it became partly to totally worthless.”Although…

HANDLE WITH CARE: MUTUAL FUNDS AND TAXES

Many people overlook taxes when planning their mutual fund investments. But you’ve got to handle these valuable assets with care. Here are some tips to consider. AVOID YEAR-END INVESTMENTS Typically, mutual funds distribute accumulated…

3 STRATEGIES FOR HANDLING ESTIMATED TAX PAYMENTS

In today’s economy, many individuals are self-employed. Others generate income from interest, rent or dividends. If these circumstances sound familiar, you might be at risk of penalties if you don’t pay enough tax during the year…

5 KEYS TO DISASTER PLANNING FOR INDIVIDUALS

Disaster planning is usually associated with businesses. But individuals need to prepare for worst-case scenarios, as well. Unfortunately, the topic can seem a little overwhelming. To help simplify matters, here are ve keys to disaster…