Estate Planning

Estate Planning in Divorce: Don’t Put It Off

September 3rd, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Divorce CPA, Estate Planning, Selling A Home, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , |

Going through a divorce can be a traumatic experience — not to mention a time-consuming and expensive one. So it's no surprise that separating couples often overlook the impact of [...]

Planning Your Estate? Don’t Overlook Income Taxes

August 6th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estate Planning, Income Tax, Tax, Tax Advisor, Tax Planning, Tax Preparation, Texas CPA, The Burns Firm|Tags: , , , , , , , , , |

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, [...]

Address Digital Assets in Your Estate Plan

July 18th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Digital Assets, Estate Planning, Services, Tax, Tax Advisor, Tax Planning, The Burns Firm|Tags: , , , , , , , , , , |

Today, almost everyone owns some sort of digital asset — and some of these assets can be quite valuable. But if your estate plan doesn't account for digital assets properly, [...]

Cutting the Kiddie Tax Down to Size

July 13th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Estate Planning, Kiddie Tax, Services, Tax, tax accountant, Tax Advisor, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , |

Despite its name, the "kiddie tax" is anything but child's play. If you're not careful, this provision of the tax code can result in children having to pay significant extra [...]

Your Estate Plan: Don’t Forget About Income Tax Planning

June 30th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Estate Planning, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Withholding, tax write-offs, The Burns Firm|Tags: , , , , , , , , |

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much [...]

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