Tax Tips


Filing a Tax Return for a Deceased Person

Managing a deceased loved one’s estate is extremely difficult, especially when a client needs to file their taxes.  Help make your client’s life easier by guiding them through the process by using these common questions as a guide. Who assumes the responsibility of filing a tax return for a deceased person? The executor, or the person in charge of the decedent…

Understanding Tax-Exempt Income

Depending on your client’s unique situation, not all income is subjected to taxation when they file with the Internal Revenue Service (IRS). While only a small percentage of income types are nontaxable, there are some sources that are not subject to any federal or local government taxes. These tax-exempt income sources include the following, which are paid…