inheritance Archives | Fast Forward Accounting Solutions

Tag Archive for: inheritance

New Tax Rules: Income The IRS Won’t Touch In 2025

October 6, 2025

While the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here's a breakdown of income the IRS won’t tax and how the new law might impact your next return.

How to Talk to Your Aging Parents About Their Finances. And Why It Matters Now.

September 20, 2021

As parents age, there’s a need to ensure they are on solid financial footing. It’s also important to know what resources you might expect to inherit someday for your own planning purposes. CLICK ON THE HEADLINE FOR MORE

Ten Steps To Writing A Will

June 25, 2018

If you've been procrastinating on completing the task of writing your will, here's your chance to cross it off your list. Get started and complete these 10 simple steps. CLICK ON THE HEADLINE FOR MORE

What Prince Can Teach You About Personal Finance

May 2, 2016

Leaving relatives to scramble over his reported $300 million fortune. Prince didn't have a will just like 55% of American adults. CLICK ON THE HEADLINE FOR MORE

Watch Out! 5 Surprising Sources That Could Trick You Into Racking Up Debt

November 2, 2015

There are forms of debt that instead of getting you out of a financial hole can actually dig you in deeper. To avoid five hidden sources of debt that can eventually say "Gotcha", CLICK ON THE HEADLINE

Tax Planning Tips For High-Income Earners

February 2, 2015

Although there were no major new tax-law changes this year doesn't mean accountants and financial advisors are happy about the higher taxes their clients are now paying. CLICK ON THE HEADLINE FOR MORE

Recent Posts

IRS Cracks Down On Travel And Meal Deductions: What Expenses Won’t Fly In 2025October 13, 2025 - 8:25 pm
Inflated or unsupported business travel and meal write-offs could trigger audits or penalties. Experts say this move reflects the IRS’s broader effort to curb abuse of business expense claims.
New Tax Rules: Income The IRS Won’t Touch In 2025October 6, 2025 - 8:31 pm
While the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here’s a breakdown of income the IRS won’t tax and how the new law might impact your next return.
Major 401(k) Tax Break For Certain Earners Is Coming To An EndSeptember 29, 2025 - 7:49 pm
The IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.
Florida Braces For Health Care Changes As Obamacare Tax Credits Set To ExpireSeptember 22, 2025 - 8:55 pm
Unless Congress steps in, the subsidies will end on December 31—leaving millions of Americans, and especially Floridians, in limbo.
IRS Issues Urgent Warning About Social Media Tax ScamsSeptember 15, 2025 - 7:28 pm
The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.
Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected OnesSeptember 8, 2025 - 8:42 pm
According to the White House, the new ‘No Tax On Tips’ provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.
Important IRS Update To The $7,500 EV Tax Credit DeadlineSeptember 1, 2025 - 9:18 pm
This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.
One Big Beautiful Bill Extends Many Business-Friendly Tax ProvisionsAugust 25, 2025 - 6:31 pm
The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.