Categories for Tax Planning

Attorney Nina T. Dow Joins Mountain Dearborn

February 16, 2018 3:44 pm Published by

Mountain, Dearborn & Whiting LLP is pleased to announce that Attorney Nina T. Dow has become associated with the law firm.

Nina earned her J.D. at Suffolk University Law School and an LL.M. in Taxation from Boston University School of Law. She earned her undergraduate degree from Emerson College. Prior to joining the firm, Nina was a solo practitioner. She is admitted to practice in Massachusetts and New Hampshire.

Nina’s practice will concentrate in estate and gift tax planning, the drafting of wills and trusts, probate and trust administration, and the preparation of federal and Massachusetts estate and fiduciary income tax returns. She may be reached at 508-756-2423 (office); 508-453-6276 (direct); or ndow@mountaindearborn.com. ...

I Won the Lottery! Now What?

February 28, 2017 5:32 pm Published by

It’s 11:00 p.m., and you’re watching the drawing for Powerball or Mega Millions. Or maybe it’s Friday night after work, and you’re scraping your weekly scratch ticket. You stare at the numbers in stunned disbelief, then in amazement. You’ve just won the grand prize!

After checking and rechecking the numbers, finally convincing yourself that you have, in fact, won, and calling family and friends who all promise to keep your big secret, you begin planning all the ways to spend your windfall: your dream vacation to Bali . . . that lakeside home in Vermont . . . the all-frills new car. You’ll update your wardrobe and install a custom walk-in closet to hold it all. You’ll buy season ...

Deadline for 2017 Real Estate Tax Abatement Applications Is February 1

January 25, 2017 10:28 am Published by

Property owners: Don’t miss the filing deadline for your real estate Tax Abatement Application. If you believe that your real estate valuation and tax bills are too high, you must file an Abatement Application with your city or town on or before the last day for payment of the first installment of the tax bill due as shown on the “Actual” (as opposed to the “Preliminary”) tax bill.

For Worcester properties, the Fiscal Year 2017 Actual tax bills were mailed on January 1, 2017, and the payment is due February 1, 2017. You must file your Abatement Application on or before Wednesday, February 1. You must pay your real estate taxes on time to be ...

How to Make the Most of Your Charitable Giving This December

December 19, 2016 4:50 pm Published by

With the end of the calendar year fast approaching, now is the time to make smart decisions about your charitable donations. Here are two ways to help your favorite charity while reducing your taxes:

Make a Qualified Charitable Distribution from Your IRA

If you are 70 ½ years or older, your IRA custodian or trustee can distribute up to $100,000 from your traditional or Roth IRA to the charity or charities of your choice. The funds you’re contributing cannot touch your hands—they must move directly from the IRA custodian or trustee to the charity. And the charity must be a public charity (i.e., a charity described in IRC §170(b)(1)(A)). A private foundation or a donor-advised fund won’t ...