Tax Tips for 2015

Share this post!

What You Can Do To Minimize Your Tax Burden For 2015

tax tipsIt’s now the time of year to consider what you can do to minimize your tax burden for 2015. Following are some of the tax tips you may want to consider to reduce the amount due to Uncle Sam next April.

  1. Make your charitable deductions before the end of year.  Generally, you can deduct charitable contributions up to fifty percent of your adjusted gross income.  Get rid of those unused items and receive a tax deduction.
  2. Remember that you can gift up to $14,000 per year to each individual with it being exempt from any gift tax reporting requirements to the IRS (or actual gift tax if you have exhausted all of your lifetime gift tax exemption).  If you are planning to make any large gifts, at least make a gift of $14,000 before the end of December to take advantage of this gift tax exemption.
  3. Go to the doctor.  If you itemize your deductions and have enough medical expenses (10 percent of AGI for most individuals), you can deduct these expenses.  If you need new
… Read More... “Tax Tips for 2015”

Raising Mentally and Emotionally Tough Kids

Share this post!

tough kidsIf you want your children to be successful, raise them to be emotionally and mentally tough.

Tough people don’t get upset easily. They are resilient in the face of adversity. They are great problem solvers, focusing on ways to deal with problems rather than complaining about things they can’t control.

These types of people don’t deny their emotions, but they don’t allow themselves to be victimized by their feelings. They get angry, depressed and anxious like the rest of us. However, their mental guidepost is a motto used by the Navy Seals. They are comfortable being uncomfortable.

They view unpleasant feelings or bad events as messages to be understood and acted upon. Their behaviors are deliberate, with an emphasis on what they can do differently rather than on what others should be doing.

Many kids that I see in my office complain about stressful events that are not problems to mentally and emotionally tough kids. The level of stress hasn’t increased with our kids over the years. Rather, more kids seem emotionally weak and unprepared to deal with life’s challenges.

Here’s how you can raise tough kids.… Read More... “Raising Mentally and Emotionally Tough Kids”

Thanksgiving: What Happens When College Students Return Home For The Holidays?

Share this post!

Parents and College Students Can Find Ways to Peacefully Coexist During Thanksgiving and the Holidays!

thanksgiving college studentsCall it a clash of cultures. Thousands of college students will soon travel home for Thanksgiving, in their minds, returning as independent adults, but still children in the eyes of their parents, says Scott Hall, a family studies professor at Ball State.

“When college students return home for their first Thanksgiving after having been away at school, they might feel like they are caught between two worlds: echoes of childhood dependency, and nearby adult-like independence,” Hall says. “It is easy to feel the tugs of long-established patterns of home life once stepping back into the family system only recently left behind. Such patterns (to the college students) suddenly feel threatening to the ‘new me’ that has been emerging at school.”

He says parents might similarly feel stuck between two worlds: the long-established guardian role versus the recently evolving, remote support staff.

It is tempting to expect what they have always expected or demanded of their child when he or she is back at home. But this may not sit well with … Read More... “Thanksgiving: What Happens When College Students Return Home For The Holidays?”

Ohio Domestic Relations and Juvenile Forms Translated in Five Languages

Share this post!

Ohio Supreme Court Translates Domestic Relations and Juvenile Standardized Forms into Spanish, Russian, French, Chinese, and Arabic For Public Download

ohio domestic relations formsOver the years, the U.S. Department of Justice has fashioned several consent decrees with several states and has negotiated with them to meet their obligation to provide language access.  Ohio has been active for years in supporting the rights of people in the court system whose English ability is limited.

Last month, the Ohio Supreme Court expanded these services and translated more than two dozen domestic relations and juvenile forms in five additional languages.  The translated forms allow parties with limited English to have a better understanding of court cases involving children and families.

The forms  are now also available in the most used languages in Ohio, including Spanish, Russian, French, Chinese, and Arabic.  When individuals need a domestic relations form in one of these languages, they can click on “Select Another Language.”  There they can find both a Word document and PDF file in the languages.

The Domestic Relations Forms 1-28 and Juvenile Forms 1-10 (DR forms 19-28) are available, by clicking on this link… Read More... “Ohio Domestic Relations and Juvenile Forms Translated in Five Languages”

Relationship Issues: The Reasons People Fall Out of Love In Marriage

Share this post!

Numerous Factors Lead To The Demise Of A Marriage Or Relationship According to Author

Will The Dynamics of A Relationship Doom A Marriage? A Review of an Article Published by Healthy Peoples

relationship marriageI was intrigued by an article entitled “Twelve Biggest Reasons People Fall Out of Love” and determined to read/review the article and provide my input to the reasons cited by the author.

  1. The “honeymoon phase” of a romantic relationship is characterized by excitement, lust, sexual intimacy, and a general feeling that “this is it”! However, over time……this “honeymoon phase” does come to an end. The parties may think that if the excitement and lust have gone….is the relationship over? Has it ended? There must be a realization by the parties that the “love” has not evaporated or left….but, that the “honeymoon phase” of the relationship has run its course and is over. This does not mean that the marriage is doomed!!
  2. Some couples have a constant “battle” over who is going to “control” the dynamics of the relationship. These couples are prone to having incidents of anger and domestic violence as the
… Read More... “Relationship Issues: The Reasons People Fall Out of Love In Marriage”

Estate Planning Tips for Same-Sex Couples

Share this post!

Statutory Protections In Estate Planning Now Available To Surviving Spouses Of Same-Sex Marriages

estate planning same-sexNow that the institution of marriage has been sanctioned for same-sex couples, estate planning options and benefits that have not been available before can now be utilized to protect and provide for spouses in same-sex marriages.

Surviving spouses have always been provided certain statutory rights to a deceased spouse’s estate so that they are not completely disinherited.  A surviving spouse is entitled to a “family allowance,” usually the first $40,000 of the deceased spouse’s estate.  The surviving spouse is also entitled to the first two automobiles of the deceased spouse, unless specifically bequeathed to someone else.  The surviving spouse may live in the marital residence rent-free for one year.  The surviving spouse has the option to purchase the marital residence.  The surviving spouse can elect to take against the will.  These are just some of the statutory protections now available to surviving spouses of same-sex marriages.

Although Ohio no longer has an estate tax, the federal estate (or inheritance) tax exists.  Surviving spouses have always been able to utilize the federal estate tax credit … Read More... “Estate Planning Tips for Same-Sex Couples”

Domestic Violence Within Military Families Probable Says Study

Share this post!

Recent Study Reveals That Combat Assignments Increase the Probability of Domestic Violence and Child Abuse By Military Members

domestic violence militaryA recent study published by The Review of Economics and Statistics concludes that combat assignments increase the probability of intimate partner domestic violence and child abuse by active-duty military members.  Resul Cesur of the University of Connecticut Finance Department and Joseph J. Sabia of San Diego State University Department of Economics, claim to have produced the first study to consider the effect of war service on domestic violence.  While they admit that several studies exist which explore the effect of war and Post-Traumatic Stress Disorder on violent crime in general, they assert that none exist which focus specifically domestic violence. To access the complete study click here.

In their research, the authors looked at the effect of assigning servicemen of identical rank and occupation to combat deployments vs. non-combat deployments. The results indicated that active-duty members who served in combat zones had an increased probability of subsequent domestic violence, as compared to those who were assigned to non-combat areas.  In addition, those who served in combat … Read More... “Domestic Violence Within Military Families Probable Says Study”

Page 67 of 127
1 … 65 66 67 68 69 … 127