Money Management Articles

Wills & Estate Planning

Putting miscellaneous deductions to work - 3/31/2014
Now that you're just about ready to file your tax return, are you sure you claimed all the deductions that you're due? Most Americans know that they can deduct items such as charitable donations, mortgage interest and property taxes.

Minnesota's new gift tax sparks questions for taxpayers - 3/17/2014
As part of a campaign to educate taxpayers on confusing, challenging and emerging tax issues, the Minnesota Society of Certified Public Accountants (MNCPA) offers filers important reminders and considerations related to Minnesota's new state gift tax.

Minnesota's residency laws throw 'snowbirds' for a loop - 3/17/2014
Determining residency for tax purposes often proves challenging for Minnesota's population of "snowbirds" (retired individuals who head south each winter).

Your tax return: What could go wrong? - 1/14/2014
Every year taxpayers make mistakes on their tax returns that range from silly to serious. What kinds of errors should you keep in mind as you get ready to file this year's return? The Minnesota Society of CPAs highlights three common missteps to avoid.

'Tis the season for charitable contributions - 12/1/2013
Along with an avalanche of catalogues and holiday greetings from family and friends, you may also find your mailbox inundated with donation requests from charitable organizations.

Protecting seniors from fraud: Tips for safeguarding identity and finances - 9/4/2013
Every September, we honor our grandparents with National Grandparents Day. As this holiday approaches, now is the perfect time to show your loved ones how much you care by helping them learn to protect themselves from becoming victims of fraud.

Financial planning for same-sex couples after the DOMA decision - 7/31/2013
In June, the U.S. Supreme Court declared the Defense of Marriage Act unconstitutional, a decision that has sweeping financial implications for same-sex couples who were married in states that recognize same-sex marriage.

Tax tips for newlyweds - 6/16/2013
June is traditionally a time when couples tie the knot and, as is the case with so many major milestones in life, all newlyweds should be aware of the tax considerations associated with marriage. If you or a loved one is planning nuptials, the Minnesota Society of CPAs offers this advice on addressing the tax concerns.

Giving the gift of financial planning: A lifetime of financial knowledge wrapped up with a bow - 6/2/2013
June means longer days, the start of summer and invitations to weddings, graduation parties and maybe a baby shower or two. Stuck for ideas on what to give the newlyweds, graduates or new parents? This year, consider something nontraditional that will last a lifetime and never go out of style: a visit with a financial planner.

Retaining personal financial records: What do you need to keep and for how long? - 5/14/2013
Does looking at overflowing filing cabinets of bank statements and boxes of old check stubs make you want to start a bonfire in your backyard? Before you grab the lighter fluid and matches, make sure you know what you can torch and what you need to keep.

How to talk to your aging parents about money - 5/16/2012
It’s important for adult children to know about and understand their parents’ finances. From knowing if your parents have enough money to last through their retirement, to understanding their wishes should they become incapacitated, to protecting them from unscrupulous people who prey on the elderly, your involvement may be vitally important. This information will help you get started.

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