SECURE ACT CHANGES TO IRAS

Posted on December 29, 2019 by Hawkins Elder Law.

SECURE Act changes to IRAs will affect you or someone you know in 2020. The ‘‘Setting Every Community Up for Retirement Enhancement Act of 2019’’ (SECURE Act) begins on page 604 of H. R. 1865, the 715-page Congressional appropriations bill that President Trump signed on December 20, 2019. This article highlights some SECURE Act provisions and suggests income tax planning strategies that may help some families reduce tax burdens.

Read More »

When Is Cash Business Criminal?

Posted on November 19, 2016 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Pop quiz: Which of the following business transactions could involve criminal behavior? Your restaurant customer pays the tab in cash and leaves a cash tip on the table. The next door neighbor gives your child a $10 bill to shovel snow. You clean a friend’s […]

Read More »

Happy (Paper) Trails – Good Reasons to Stop Using Cash

Posted on December 31, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] All of our ancestors conducted business by paying with cash. When we were younger, our parents told us that it was irresponsible to live without carrying substantial amounts of cash. Those beliefs may have been valid in the past, but doing business without keeping a […]

Read More »

2015 Year-End Tax Planning Traps and Opportunities

Posted on December 28, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Congress changes federal tax law almost every year. Some changes are very dramatic, and other changes are so subtle that tax lawyers must scour them to find the nuances. Federal tax law changes for the 2015 tax year (affecting income tax returns filed in 2016) […]

Read More »

For How Long Should You Keep Records?

Posted on March 22, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Clients ask from time to time how long they should keep copies of their records. They often say that they have heard that you should keep records for 3 years or 7 years or 10 years. This article provides record retention guidelines for various purposes […]

Read More »

Avoid Crooks’ Hooks

Posted on March 2, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Swindlers and thieves have plagued the earth throughout time. Jesus was hung on a cross between two of them. They follow different paths into crime, but they all want the same thing – your money. If you don’t know the signs, they may sneak up […]

Read More »

Verified by MonsterInsights