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Tax & Wealth Advisor Newsletter for June 2017

Here are your Articles for June 13, 2017.
  Timely Opportunities
In down years, NOL rules can offer tax relief
A net operating loss (NOL) occurs when a business's operating expenses and other deductions for a particular year exceed its income. Companies (or owners) may be able to snatch tax relief from this revenue defeat. This article describes the NOL rules and some strategies for navigating them. A sidebar looks at how NOLs work in relation to the alternative minimum tax.


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  TWA article 2
Asking the right questions about long-term care insurance
Unfortunately, many people require long-term care at some point in their lives. To hedge against this considerable financial risk, insurers offer long-term care coverage. This article asks a couple of important questions about these policies, including how to determine whether you really need one and when to buy.


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  TWA article 3
Renting out your vacation home? Anticipate the tax impact
When buying a vacation home, the primary objective is usually to provide a place for many years of happy memories. But some might also view the property as an income-producing investment and choose to rent it out when not using it. This article examines how the IRS treats income and expenses associated with a vacation home.


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  TWA article 4
Thoughts and musings on family budgeting
Simplicity is the key to a successful family budget. But every budget needs to cover all necessary items. This brief article provides food for thought on what to include in a family budget.


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