Tax Consequences of Property Division in Divorce
Splitting up your assets when you part ways with your spouse isn’t just about who gets what. There are many potential tax consequences when it comes to dividing property in divorce — and it’s important to take them into consideration when negotiating a settlement...
How to Handle Taxes for Side Hustles and Gig Work
Gig work has become increasingly popular in today’s economy. But whether you’re entirely self-employed or use your side hustle to supplement your income, it’s important to be aware that you must claim your earnings on your taxes. Meeting your tax obligations as a gig...
What Does the One, Big, Beautiful Bill Mean for Individuals and Businesses?
On May 22, 2025, the House of Representatives approved an amended version of the budget reconciliation bill, which now moves to the Senate for consideration. Also referred to as the “One, Big, Beautiful Bill,” the proposed legislation includes a variety of provisions...
The Best Tax Strategies for Wealth Preservation and Growth
You’ve worked hard over the years to acquire your wealth — and it’s imperative to take measures to protect it. While making prudent investments can play a crucial role in preserving and growing your assets, it’s important not to overlook opportunities to minimize your...
What are the Tax Implications of Day Trading?
Day trading appeals to investors looking to make a quick profit on short-term price movements in the market. But in addition to the potential rewards, there can also be substantial risks. Critically, day trading has many complex tax implications which can be costly if...
How Can I Reduce My Business Taxes?
Owning a business comes with many responsibilities – including complying with federal, state, and local tax obligations. While paying steep taxes can cause considerable financial strain for many small business owners, there are a number of strategies that can be...
Tax Advice for Divorce in Fairfield County
Decisions made in divorce can have a direct impact on your financial situation in the future. Importantly, there are many tax implications to consider when negotiating a settlement. From changing your filing status to dividing your marital assets and determining...
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