Say an IRA is inherited by multiple individual beneficiaries or by one or more individuals and one or more charities or other beneficiaries that aren’t “natural persons.” How do these scenarios affect the rules for required minimum distributions (RMDs) that apply after the IRA owner dies? And how can you optimize the tax results for […]

A BREAKDOWN OF WHO IS A HOUSEHOLD EMPLOYEE AND WHAT IS AND WHAT IS NOT REQUIRED OF THE EMPLOYER Private employment (as opposed to through an agency) of household employees requires strict adherence to federal and state (references are to Connecticut) laws.  Hiring of an individual as a nanny, babysitter, health aide, care-giver, gardener, personal […]

Have you heard of Pokémon Go? It’s a popular smartphone video game that uses Google Maps technology. The augmented reality game pinpoints locations of virtual Pokémon and “PokéStops” in the real world on a map shown on a player’s phone. But it’s more than just a game — some savvy organizations are also using it […]

With both major political party conventions finally behind us, it’s time to focus on the upcoming national election. Among their many differences, the Republicans and Democrats have widely divergent tax platforms. While platforms are always relatively nonspecific and not necessarily synced with what the presidential candidates have in mind, it’s still good to know what […]