Planned Giving

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Friday January 17, 2020

Trusts for Creative Spenders
Personal Planner
Trusts can be quite useful for protecting children. However, for some children, the trust serves an additional function:...
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Does Medicare Cover Counseling Services?
Savvy Living
Does Medicare cover outpatient counseling services for its beneficiaries? Since the death of my sister last year, I have struggled with depression and anxiety and would like to get some help. Yes, Medicare covers both outpatient and inpatient mental health services to help beneficiaries with depression, anxiety and many other needs. Here is what you should know. Outpatient Coverage If you have original Part B Medicare, your coverage will pay 80% (after you have met your $198 Part B deductible) for a variety of counseling and mental health care services that are provided outside a hospital, like individual or group therapy, family counseling and more. Medicare also covers services...
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Gig Economy Tax Center Launched
Washington News
In IR-2020-4, the Service announced the new Gig Economy Tax Center on IRS.gov. With the explosive growth of ride-sharing, home rentals and other gig businesses, millions of taxpayers have gig income and new tax obligations. Ride-sharing, renting your property, selling goods online, renting equipment, providing creative services or freelance work are all parts of the new gig economy. Gig workers must know how to keep records, pay estimated taxes, prepare to file and then file their required tax forms. The Gig Economy Tax Center covers many types of work. IRS Commissioner Chuck Rettig notes, "The IRS developed this online center to help taxpayers in this emerging segment of the economy....
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