Planning for the tax effects of sales, distributions, purchases and other events is more important than ever. For example, the correct naming of a beneficiary on an IRA account can save thousands of dollars in taxes down the road. The timing of a stock sale or converting an IRA to a Roth are issues that you might have. Tom can help you with these and many other questions.

Planning for things as basic as the effects of disability is also important. Who will pay the bills and balance the check book if a parent or even you can’t do it? Tom offers bill paying and bookkeeping services to his clients.

When it comes to structuring a plan to maintain your assets through your lifetime and then transition assets from one generation to the next, Tom can work with your attorney and financial advisor to maximize the tax savings.

The economy has created challenges for all of us. Foreclosures and short sales are very common now. If you receive a Form 1099C from a foreclosure, the income may be taxable to you or not depending on your circumstances. Tom has worked with a number of clients to determine the best way to handle these types of transactions for taxes.

If you have a home you have purchased or inherited and want to sell it but can’t, have you considered converting it to a rental? Have Tom show you the tax advantages of doing that.

Tax laws and IRS rules change often and Tom can help you stay on top with his quarterly newsletter, yearly tax interview (available on request), tax organizer and seminars he presents in the community. Of course you are encouraged to call or drop by the office if you have a question.