About Shelby Miller

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So far Shelby Miller has created 24 blog entries.

Taxes When you Sell an Appreciated Vacation Home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an appreciated vacation home. Scenario 1: You’ve never used the home as your [...]

2024-05-06T13:29:22-04:00May 14, 2024|

Don’t Skip Out on Planning for the GST Tax

Does your estate plan call for making gifts to your grandchildren or other loved ones more than one generation below you? Or, perhaps to you want to leave assets to nonrelatives who are decades younger than you? If so, your plan must address not only gift and estate taxes, [...]

2024-05-06T09:46:48-04:00May 7, 2024|

Thriving in the Evolving Landscape of Accounting: Career Strategies for Modern CPAs

As the landscape of accounting continues to evolve in response to technological advancements, changing regulations, and shifting client expectations, Certified Public Accountants (CPAs) face both new challenges and exciting opportunities in their career paths. In this article, we'll explore key strategies for CPAs to thrive in today's dynamic environment [...]

2024-05-01T08:02:39-04:00April 22, 2024|

A Job Loss Is Bad but the Tax Implications Could Make It Worse

Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off or terminated from employment, taxes are likely the last thing on your mind. However, there are tax implications due [...]

2024-04-16T15:16:08-04:00April 16, 2024|

New Option for Unused Funds in a 529 College Savings Plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free. However, earnings used for other purposes may be [...]

2024-04-09T08:07:38-04:00April 9, 2024|
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