If you’re renting out a property through Airbnb or a similar short-term rental platform, or plan to, you should know that local law requires you to collect tax on each …
Use Trusts to Navigate Complex Inheritance and Tax Issues
Trusts are an excellent wealth management tool that can help you legally navigate inheritance and tax issues. Depending on your objectives, you can choose from one or more of several …
Special Needs Trust: What It Is and When to Use It
A special needs trust should be considered by parents or other caretakers of someone with a physical or mental disability. This financial vehicle offers several benefits including – importantly – …
Unclaimed Money in the Billions Awaits Rightful Owners
Did you know that billions of dollars are sitting unclaimed in accounts in the United States? The proper beneficiaries are not claiming their money – and many are not even …
Maryland Taxpayers May Qualify for Student Loan Debt Relief Tax Credit
At Glass Jacobson, our tax preparation team is always looking for ways to save our clients money. If you live in Maryland, you may not be aware of the student …
How to Ensure Your Loved Ones Are Cared For When You Pass Away
It is tragic when a client contacts us after losing a spouse; even more so when it is unexpected. Often times, the surviving spouse was not the financial decision maker …
