Jan 24, 2024 | Business Planning, Closely Held Business, Estate Planning, Featured News and Events, Not-for-Profit, Personal Financial Planning, Real Estate
Last week, Dr. Terry Clower was guest speaker for MCB’s annual Economic Outlook event, where he shared insights on the state of our national and local economies. MCB has sponsored the Economic Outlook event with Dr. Clower in January for the past 10 years. Also...
Sep 19, 2023 | Personal Financial Planning, Real Estate, Tax News
When people want to bypass probate, they often turn to trusts. Another benefit of trusts is that they can help you establish legally backed instructions as to how your assets will be distributed after you pass away. The hope is that you make time to establish a trust...
Apr 5, 2022 | Personal Financial Planning, Real Estate
A trust can be a useful estate-planning tool for lots of people — not just billionaires. Is a trust right for you? There are two main reasons why you would consider creating one. One is that you have a net worth of at least $100,000, a substantial amount of which is...
Mar 22, 2022 | Personal Financial Planning, Real Estate, Tax News
As a survivor, executor or administrator of an estate, you are obligated to file an income tax return reporting all the deceased’s income up to his or her date of death You will need to be aware of all the credits and deductions the deceased is allowed as if...
Dec 22, 2021 | Personal Financial Planning, Real Estate, Tax News
There’s a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they sell their primary personal residences, thanks to a home sales exclusion provided for by...
Aug 31, 2021 | Business Planning, Closely Held Business, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Personal Financial Planning, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS is addressing changes made by the American Rescue Plan Act of 2021 that apply to the third and fourth quarters of 2021. ...
