In This Issue

How to Respond to that IRS Notice 

     

Tax season is over. Now comes the season for IRS notices - particularly a notice called a CP2000. If you're the recipient of one or more of these letters, here's what you need to know.

 

What the notice is. The IRS matches amounts you include on your tax return with information reports such as Forms W-2 and 1099, and sends you...(Read More)

 

 

 Client Quote

 

"Highly professional, competent, knowledgeable service. Very responsive to client needs"


 
- The Darby Foundation

 

JUNE 2015

 

Now that the IRS has received your tax return, they will go through a process to ensure that all information they have received from third parties agrees to the information that you have  included.  If there is a discrepancy, the IRS will send you a letter.  If you receive a letter from the IRS regarding your tax return, we encourage you to give us a call. Keep in mind that the notices are not always correct and we're here to help you navigate through the process. 

 

We've also included an article on disability insurance for your review and consideration.

 

Questions?  Don't worry; we've got answers so you can Relax!

   
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Your Best Retirement Asset is You: Protect Your Financial Future with Disability Income Insurance  

  

You insure your home, car and health against serious harm and even buy life insurance to cover your family if you die. But what about protecting the income you depend on every day to pay bills and fund retirement and college savings?
 

The possibility that a serious illness or injury could dampen your earnings is real. But you can prepare yourself with long-term disability income insurance, which recoups some of your income should you become disabled and unable to.,..(Read More) 

Married with a Large Estate? Why You Still Need a Credit Shelter Trust.

 

Even though portability now allows married couples to use up both spouses' estate tax exemptions without having to make lifetime asset transfers or set up trusts, this "easier" path isn't necessarily the better path. For couples with large estates, making lifetime asset transfers and setting up trusts can provide benefits that exemption portability doesn't offer.

 

With portability, if one spouse dies and part (or all) of his or her estate tax exemption is unused at death, the estate can elect to permit the surviving spouse to use the deceased spouse's
...(Read More)