Tag: divorce

  • Paperwork You Can Toss After Filing Your Tax Return

    Paperwork You Can Toss After Filing Your Tax Return

    Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to produce those records if the IRS audits your return or seeks to assess tax. It’s a good idea to keep the actual returns indefinitely. But…

  • What Is Your Taxpayer Filing Status?

    What Is Your Taxpayer Filing Status?

    For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether you’re married or unmarried on December…

  • Prepare for Valuation Issues in Your Buy-Sell Agreement

    Prepare for Valuation Issues in Your Buy-Sell Agreement

    Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you’re prepared for the valuation issues that will come into play. Issues?  What issues? Emotions tend to run high when owners face a “triggering event” that activates the buy-sell.…