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Jason Shaw


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Who Pays the Taxes When You’re Dead?

Jan 14, 2020 3:00:00 PM / by Jason Shaw posted in Financial Planning, Tax Services

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You’ve probably heard the term “death tax,” but what does it mean? Dead men tell no tales—nor do they pay taxes. When you pass away, who has to pay tax on what you leave behind? That depends on several factors, including how much you leave, the people and/or organizations you leave it to, and how you go about transferring it. To get a basic understanding of how this all works, we’ll look at three kinds of taxes: estate tax, gift tax, and inheritance tax.

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When is the Best Time to Start Estate Planning?

Jan 8, 2020 11:30:00 AM / by Jason Shaw posted in Financial Planning

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Estate planning isn't just for the elderly or rich. You might think of estate planning as something older people do—not 20- or 30- somethings who are just starting out in their careers. In fact, a recent survey by Caring.com found that even though three quarters of adults know that a will is important, only 40% actually have one.

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Leaving Your Current Financial Advisor—It’s Okay to Say Goodbye

Jul 3, 2019 4:29:00 PM / by Jason Shaw posted in Financial Planning

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If you’re considering leaving your current financial advisor, you’re not alone. A 2015 study by Spectrem Group found that most respondents with a net worth of over $100,00 have changed advisors in their lifetimes. There are several reasons you might be considering making a switch, but how do you know it’s the right decision? Finding the right advisor requires investing the time to research candidates, and transferring management of your portfolio to a new advisor can come with a tangle of red tape. Here are some sound reasons to change financial advisors. 

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What Is the Best Age to Start Saving for Retirement?

May 29, 2019 3:03:00 PM / by Jason Shaw posted in Financial Planning, Retirement

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If you're thinking about retirement and the money you'd like to save up ahead of time, there are a few tips on when--and how--to get started. 

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5 Benefits of Having Tax and Financial Services Under the Same Roof

May 17, 2019 2:52:00 PM / by Jason Shaw posted in Financial Planning, Tax Services

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Tax planning and preparation is an essential part of an overall financial plan. To make the most of your income and assets, it’s important to consider the tax implications of every financial move you make. Likewise, an understanding of the wide range of investment choices available is beneficial in the effort to keep your tax obligations to a minimum. 

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What Tax Benefits Can I Claim When Adopting a Child?

Mar 10, 2016 3:00:03 PM / by Jason Shaw posted in Tax Services

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If you recently adopted a child or are currently in the process, you may be able to claim tax benefits for the costs associated with your adoption efforts. Here are the basics on how to qualify and what costs you may be able to claim.

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Divorce Raises Questions About Your Tax Return

Feb 26, 2016 1:10:32 PM / by Jason Shaw posted in Tax Services

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If you are in the midst of a divorce, or if your divorce was finalized in 2015, your tax return will require extra attention this year. It’s important to consult with a qualified tax professional to ensure that your return is completed properly and accurately and that you claim all of the tax benefits to which you are entitled.

Below are just a few of the questions that your recent or pending divorce may raise about your return.

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When Do You Need to File Form 1099-MISC?

Feb 2, 2016 3:04:03 PM / by Jason Shaw posted in Financial Planning

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If you pay someone who is not your employee in connection with your trade our business, you may be required to file Form 1099-MISC to report these payments. If you’re unsure whether you need to submit a 1099-MISC for expenses you’ve paid, these guidelines will help you decide.


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Filing Taxes for the First Time? Here’s What You Need to Do.

Jan 15, 2016 1:25:36 PM / by Jason Shaw posted in Tax Services

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Filing taxes for the first time doesn’t have to be intimidating. Doing it right does require a certain amount of focus and organization, however. Taking these steps will help you to ensure that your first tax return is accurate and complete.

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Keep an Eye Out for Form 1095

Dec 28, 2015 2:29:11 PM / by Jason Shaw posted in Tax Services

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If you or some members of your family had health insurance during 2015, you’ll want to keep an eye out for Form 1095, which should arrive in the mail sometime in early 2016. Make sure to keep this form with your W-2s and other income tax forms that your tax preparer will need.

Depending on what type of health insurance you had or were offered during 2015, you will get one of three 1095 forms.

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