About Dave Natan

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So far Dave Natan has created 72 blog entries.

New Massachusetts Legislation to Remedy SALT Limitations

Newburg Staff Writers (7/27/21) This July, Governor Baker has signed legislation as part of the 2022 Fiscal Year Budget allowing certain owners of pass-through businesses such as S-Corporations or Partnerships to elect to have their pass-through business pay an excise tax on their behalf and receive a Massachusetts tax [...]

2021-08-18T17:04:05-04:00July 27, 2021|

Can a broken trust be fixed?

An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves your purposes? Is it too late to change it? Depending on applicable state law, you may have several options for fixing a “broken” trust. How trusts break There are [...]

2021-08-18T17:12:53-04:00July 26, 2021|

Advance Child Tax Credit – Impact on 2021 Tax Return

Newburg Staff Writers (7/16/21) The IRS has implemented changes to the Child Tax Credit for 2021 that will result in the issuance of advance payments for certain taxpayers starting this summer. Qualifying taxpayers will be receiving half of their anticipated total Child Tax Credit amount in advance monthly payments [...]

2021-08-18T17:19:59-04:00July 19, 2021|

Heading across state lines with your trust requires planning

In some cases, it may be desirable to move a trust to a more favorable jurisdiction. But moving a trust from one state to another can present significant risks, so don’t attempt to do so without considering all the benefits, limitations and risks, and obtaining professional advice. Reasons to [...]

2021-08-18T18:14:17-04:00July 8, 2021|

IRS audits may be increasing, so be prepared

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these days, that will be little consolation if yours is one of [...]

2021-07-07T08:38:55-04:00July 7, 2021|

Make health care decisions while you’re healthy

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself. And, as with other aspects of your estate [...]

2021-06-28T10:21:24-04:00June 28, 2021|

Tax-favored ways to build up a college fund

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S. savings bonds [...]

2021-06-15T11:46:14-04:00June 15, 2021|

Help guide your family with a road map for your estate plan

You’ve likely spent a lot of time working with your advisor to plan your estate. While documents such as your will, various trusts and a power of attorney are essential, consider adding a “road map” to your plan. Plot it out Essentially, the road map is an informal letter [...]

2021-06-10T11:02:03-04:00June 10, 2021|

Retiring soon? 4 tax issues you may face

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the minimum amount you must [...]

2021-06-08T10:37:35-04:00June 8, 2021|
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