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Tax-advantaged Considerations Make Now a Great Time to Help Your Adult Children Buy a Home

Parents and grandparents who are considering helping their adult children buy a home might also consider the economic and tax-advantaged considerations that make right now a good time to move ahead with the plan. Some residential real estate markets are “hot” with homes selling for more than asking price. In other markets, the prices are recovering, […]

Tax-Free Division of IRAs for Divorcing Couples

Generally speaking, the division of property, including cash, between couples going through divorce has no immediate federal income or gift tax consequences. Such transfers are considered tax-free gifts between the spouses. However, the tax-free transfer rule doesn’t apply to balances in an IRA transfer. If an IRA owner withdraws funds from his or her IRA […]