Basics of Gifting

Gifting is a way to reduce your estate by passing on property to others while you are still alive. Individuals are allowed to gift up to $13,000 in property to an individual per year. You may make as many $13,000 annual gifts as you wish to any number of individuals, without being required to file a gift tax return. For more information on the basics of gifting, read this Financial Strategy.

Are You Holding Worthless Securities?

If you have had the unfortunate experience of watching one of your securities investments plummet to worthlessness, you may be eligible for a tax deduction. However, the IRS has a strict definition of "worthless." For more information on what qualifies a stock to be worthless and how a taxpayer can take advantage of a loss of a stock that has a miniscule amount of value, read this C.P.A. Insight.

Actively Managed ETFs

Exchange traded funds are a relatively new investment vehicle that have been available in the United States since 1993. One of the most notable innovations in the ETF market is the actively managed ETF. For more information on the benefits of investing in an actively managed ETF instead of an equivalent mutual fund, read this Investment Whys.

Refunds—Is My Check In The Mail?

If you are like many, you already know how you plan to spend your tax refund, but the question many still have is, "How long do I have to wait?" The IRS offers two ways, by Internet and phone, that allows taxpayers to check the status of their refund. For more information on the IRS’ turnaround time, read this C.P.A. Insight.

Making Use of P/E Ratios

Despite the relative simplicity in deriving a P/E ratio, its application can be quite complicated. P/E is a measure of relative value. A thorough investor should compare a stock’s P/E against the stock’s peers, and consider the growth potential for the sector. For more information on P/E ratios and how it is calculated, read this Investment Whys.

Are Frequent Flyer Miles Taxable?

After all your business trips to New Jersey you finally have enough frequent flyer miles for a roundtrip ticket to Hawaii. Now the question is, "Are those frequent flyer points considered taxable income?" For more information on the IRS’ treatment of frequent flyer miles, read this C.P.A. Insight.

Don’t Make Uncle Sam Your Beneficiary

A successful estate plan takes more than good intentions. If you do not have a Will in place, a nameless, faceless court will decide how your assets will be distributed. This is one of many pitfalls you could face if you do not revisit your estate plan, as your family situation or federal and state laws change. For more information on areas you should consult your estate planning attorney or tax adviser on, read this Financial Strategy.