Internal Revenue Code

May 14, 2025

Status of Estate Tax Proposals

2025-05-14T12:16:50+00:00May 14th, 2025|Tags: , , , , , , , , |

When discussions turn to what the United States Congress is doing, people usually fall into one of two camps: “Why isn't Congress doing something about _____?” “ I think it is always good news when Congress does nothing!” But for 2025, it is both anticipated and somewhat necessary that Congress do something with the Internal [...]

Oct 27, 2020

Are college savings accounts (529 Plans) a good idea?

2022-08-17T19:56:28+00:00October 27th, 2020|Tags: , , , , |

College savings accounts authorized by Section 529 of the Internal Revenue Code are interesting little beasts. They can have tax advantages, but the creator of the plan maintains control without subjecting them to being seized by creditors.  So, 529 Plans can be highly advantageous for some.  If you are worried about debts or liabilities and [...]

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