Blog posts from: 2020
Estate Planning Essentials
Estate planning is crucial for ensuring your family's well-being in the event of your incapacity or passing. To help you prepare effectively, review the following checklist. If any items are unresolved, it may be prudent to consult with an estate...
ShindelRock is proud to sponsor MICPA Small Firm Interchange!
ShindelRock is proud to sponsor MICPA's Small Firm Interchange this month! Be sure to check out our virtual "booth" when you're there. (more…)
SR Video Client Question: “What are the benefits of year-round tax planning?”
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Delay RMDs by rolling IRAs and prior 401(k) balances into current employer’s plan
Transferring IRAs and former employer's 401(k) retirement plans into a current employer's 401(k) plan can offer a strategy for individuals facing required minimum distributions (RMDs) while still actively working. Once these retirement assets are rolled over into the current employer's...
ShindelRock’s secure technology provider SafeSend Returns honored with Innovation Award
SafeSend Returns has been recognized as the winner of the 2020 Tax & Accounting Technology Innovation Award presented by CPA Practice Advisor. This year marks the third win in five years for SafeSend Returns, as the company continues to set the bar...
SR Client Question: Can adding my child to our Michigan home’s title prevent the property tax value from uncapping when I pass?
If you add your child as a co-owner of real property, he or she won’t get a full step up in basis when it is sold after your passing. Also, there is a risk of re-assessment for real estate taxes...
SR Client Question: Can you collect unemployment pay if you received severance pay?
An individual cannot collect full unemployment benefits if there is severance pay that is allocated, by the employer, to the weeks of unemployment benefits. If there is no specific allocation of the specific weeks of severance pay by the employer,...
ShindelRock Partner Maria Montie discusses pandemic tax and financial advice for businesses and individuals on WJR’s Paul W. Smith Show
On Friday, April 3, ShindelRock partner Maria Montie was a guest on 760 WJR-AM radio's Paul W. Smith Show. Listen here as she details steps businesses and individuals should take in response to the pandemic stimulus packages and relief programs recently...
Down market could be right time to convert IRA to Roth IRA
The recent market downturn has reduced the value of many IRA accounts, presenting a potential opportunity to convert IRAs into Roth IRAs. While converting, taxes will be owed on the converted IRA value, but with current lower asset values, the...
Selling your home to a related party?
Most transfers of property or property interests without adequate consideration are treated as gifts. This includes below-market sales of homes, which often occur when selling to a related party. The difference between the fair market value and the sale price...