Solutions to Make Better Decisions with Your Taxes and Money

A Quick and Easy Guide to Filing an Income Tax Return for an Estate (Form 1041)

If you’re the personal representative for someone who is recently deceased, you may need to file Form 1041, Income Tax Return for Estates and Trusts, for their estate. However, not every estate requires an estate tax return. Sometimes, all you need to do as a personal representative is make sure an individual income tax return […]

Family Loans: Does The IRS Care If I Lend My Kids Money?

You might lend your kids money from the time they are little – to buy a bicycle, to get that first car, or to buy a house. Does the IRS have anything to do with these family loans? For small loans, the answer is “no.” The IRS isn’t concerned with most personal loans to your […]