Category: Estate Planning

Estate Planning

Provenance Wealth Advisors’ Chief Investment Officer Earns National Recognition

Posted on May 26, 2015 by Richard Berkowitz

Provenance Wealth Advisors, an independent advisory firm affiliated with Berkowitz Pollack Brant, is proud to announce that its chief investment officer, Todd Moll, earned notable recognition from two of the world’s leading financial news organizations.   Financial Times selected Moll as one of the top-400 financial advisors in the U.S., based on assets under management, […]

Understanding Individual Capital Gains and Losses by Jeffrey M. Mutnik, CPA/PFS

Posted on May 21, 2015 by Jeffrey Mutnik

Capital assets include almost everything owned for personal use or investment purposes, including houses, furnishings, cars, artwork, bonds and shares of stocks.  Understanding the resulting tax liabilities or deductions that apply when taxpayers sell these assets is an important step in an efficient tax-planning process.   What is a capital gain? A capital gain is […]

Marriage and Taxes by Joanie B. Stein, CPA

Posted on May 12, 2015 by Joanie Stein

Saying “I do” is a significant life event that will lead to many changes along the road to happily ever after. Among these changes are a range of legal and financial issues that couples should address as early as possible.   Change in Name Individuals who elect to take the last name of their new […]

The Risks and Rewards of Investing in Master Limited Partnerships by Jeffrey M. Mutnik, CPA/PFS

Posted on May 07, 2015 by Jeffrey Mutnik

Over the past decade, master limited partnerships (MLPs) have increased in favor among savvy investors, thanks to historically strong returns and steady income they provide in a low-yield environment. However, these crafty investments often come with complicated compliance requirements and surprising tax liabilities.   What is an MLP? A master limited partnership (MLP) is a […]

Filing a Decedent’s Final Tax Return by Joanie B. Stein, CPA

Posted on May 01, 2015 by Joanie Stein

Death and taxes may be the two certainties in life, but death does not excuse an individual from meeting their tax liabilities.  When a taxpayer passes away, his or her estate may owe Uncle Sam federal income taxes, federal estate taxes and, depending on where they passed, state death taxes. Filing a final return for […]

Time for a Credit Check Up by Rick D. Bazzani, CPA

Posted on March 18, 2015 by Rick Bazzani

The start of a New Year is a perfect time for taxpayers to check their credit reports with the three major reporting agencies. Note only does this allow individuals the opportunity to recognize and address reporting errors that could impede efforts to secure a loan or new employment, it can also help individuals detect potential […]

Are You at Risk of the AMT? by Jeff Mutnik, CPA/PFS

Posted on March 16, 2015 by Jeffrey Mutnik

The dreaded Alternative Minimum Tax (AMT) aims to limit the benefits, such as deductions and credits for certain expenses,that taxpayers may otherwise use to reduce their taxable income.  It is considered an extra tax, with its own set of rules and rates, which some taxpayers must pay above their standard income taxes. As its name […]