SIMPLE Plans This Fall?

SIMPLE Plans This Fall? by  Susan Moussi

Fall is in the air and so a reminder about establishing SIMPLE plans, notifying employees, and making elections. SIMPLE plans are easy to set up, have a lower start-up and annual costs, and are simpler to operate in that there is no annual reporting. Employees decide how much to contribute, and the employer can choose one of two matching options.

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Organizing Tax Documents? Remember—Statements, Not Screenshots

{1:37 minutes to read} InformationOrganizing Tax Documents? Remember—Statements, Not Screenshots by Susan Moussi seems to be available at the touch of a screen or click of a mouse. If one wants to know the balance in an account, in a brief moment, one can quickly pull up the summary on their desktop or smartphone. 

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I’m Getting Divorced. What Will Happen to My Home?

I’m Getting Divorced. What Will Happen to My Home? by Susan Moussi

{3:55 minutes to read} Aside from the emotional attachment one may have for their home, there are also financial attachments. The residence may be the 1st or 2nd largest asset acquired during your marriage. Below are some questions you may want to ask yourself when making decisions about what to do with the home.

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11th Hour Tax Filing Changes for 2016: Are You Affected?

{2:05 minutes to read} Two important and recent changes may impact your 2016 tax-filing process.

11th Hour Tax Filing Changes for 2016: Are You Affected? by Susan Moussi

Health Coverage Status

The President’s Executive Order on January 20th, 2017, directed federal agencies, including the IRS, to begin implementing plans for a full repeal of the Affordable Care Act (ACA). As of this past February, health coverage status is no longer required to be reported on the individual tax return for the 2016 tax year.

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The Tax Impact of Crowdfunding

The Tax Impact of Crowdfunding - Susan Moussi{3 minutes to read} Crowdfunding is simply any method by which money is raised, for any reason, from a crowd. Back in the pre-computer days, the terminology would have been “fundraiser.” It’s only the means by which the funds are raised that has changed, not necessarily that it hasn’t existed before.

The tax treatment of a transaction often depends on the intent of the donor. Most online crowdfunding campaigns are donation based. Funds are raised to help some charitable cause. It is also the most misunderstood. Continue reading

End-of-Life Discussions & Decisions

End-of-Life Discussions & Decisions by Susan Moussi

{3:30 minutes to read} The subject of this article comes from my personal experience this past fall with the death of my husband, Cliff. Cliff was diagnosed with brain cancer in 2014. Life took on a new normal, and we had nearly two years after his diagnosis to take care of planning, completing paperwork, and discussing his wishes.

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Take Control: Use These Techniques to Keep Divorce Costs Down

Take Control: Use These Techniques to Keep Divorce Costs Down by Susan Moussi

The process of divorce is expensive. According to Lawyers.com, a survey indicated that the average cost of divorce in Ohio is $12,500—including $9,000 in attorneys fees alone. The remainder of the costs generally covers administrative, filing, and expert fees.

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