Floridian residents like you pay taxes every year. Not only do you pay for sales and state taxes, but you also pay federal and estate taxes, in some cases. However, in the course of paying for these taxes, you might run into something called an IRS audit.What is an...
Month: July 2018
Can you use life insurance in more than one way?
You have spent considerable time putting together a life insurance policy that will provide added security for you, as well as benefit your family when you pass away. Now, you are wondering if your investment can do more than provide cash after your death....
Can you keep your children from blowing their inheritance?
Your children are grown and make adult decisions, but you might worry that you can't trust their decisions to always be wise, especially when it comes to money. It can be difficult to handle a sudden inheritance when adult children are still young and inexperienced...
What do you need to know about the Kiddie Tax?
Not every child in Florida and elsewhere in the United States makes a significant amount of money outside of a job. However, some are fortunate enough to receive a decent amount of spending money from their loved ones. Is this money taxable, you may wonder? If your...
