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Campbell Wealth Management of Old Town will hold two education events on 2017 year-end tax planning featuring Ross & Moncure’s accountants Brian Davis, Luci Weigel and Sandy Brown. All Campbell Wealth Management and Ross & Moncure clients are invited to attend. Campbell Wealth Management is a local boutique financial advisory specializing in high-net-worth individuals in…

In 2017, hackers accessed 143 million+ American consumers’ personal information via Equifax, one of America’s three primary credit reporting agencies. The data leaked included names, Social Security numbers, birth dates, addresses, and driver’s license numbers. Our Recommendation: Next Steps (1) Determine if your information was exposed at www.equifaxsecurity2017.com. From this site, click on the “Potential Impact” tab. You…

Campbell Wealth Management of Old Town will hold two education events titled “A Wise Woman’s Guide to Financial Planning” featuring Ross & Moncure’s accountants Brian Davis, Luci Weigel and Sandy Brown. All Campbell Wealth Management and Ross & Moncure clients are invited to attend. Campbell Wealth Management is a local boutique financial advisory specializing in…

We are partnering with Wade, Grimes, Friedman, Sutter  & Leischner, PLLC of Old Town to offer two workshops to our clients on “Piercing the Corporate Veil: When LLC’s and Corporations May Be At Risk”. Please find a brief overview of our agenda below, though this is subject to change. (1) Relevant Tax Updates (2) Preventing Personal Liability Related to Entity Ownership…

If there is only one shareholder and no other employees, should all distributions be taken out as Reasonable Compensation? If the business or the services of the shareholder are so unique that no one replace the owner and there are no other assets in the corporation, then everything taken out of the business should be…

The rules have changed for Health Reimbursement Arrangements (HRAs). Business owners who have such plans should scrutinize them carefully to ensure they comply with important reforms enacted as part of the Affordable Care Act (ACA). Health reimbursement arrangements (HRAs) are tax-advantaged group health benefit plans that reimburse participants for qualified medical care expenses. Prior to…

On Tuesday, December 6th, Campbell Wealth Management of Old Town will hold a tax education event featuring Ross & Moncure’s CPA Brian Davis. All Campbell Wealth Management and Ross & Moncure clients are invited to attend. Campbell Wealth Management is a local boutique financial advisory specializing in high-net-worth individuals in or approaching retirement. Our firms…

On Thursday, October 13th, ABC 7-WJLA news station will run a segment called “Ask the Financial Advisor,” a live phone bank hosted by one of ABC 7’s reporters, and viewers of ABC 7 can call in to ask a panel of advisors any questions they may have about managing their money. Our own Luci Weigel…

If you owe Uncle Sam more than $50,000 in back taxes, don’t plan on fleeing the country – or taking a vacation overseas. Tucked away in the Fixing America’s Surface Transportation (FAST) Act is a provision that allows the revocation of passports held by American taxpayers that owe more than $50,000 in delinquent federal taxes….

In prior postings, I wrote about the Deceased Spouse’s Unused Exclusion (DSUE), and the unintended consequences of a reduced DSUE when a surviving spouse remarries. In today’s post, I’ll be writing more about Betty and Howard. You’ll recall that Betty’s first husband, Arnold, passed away in 2013, leaving $3 million to the couple’s children. Although…