Unmarried couples

The income, estate and gift tax laws were created for married, not unmarried, couples. Most preparers are unaware of the opportunities and risks surrounding unmarried couples.

Situations to call me include the following situations:

• You and your life partner have disparate wealth and income, or
• You and/or your life partner are self employed.

I possess over nineteen years of experience preparing “more complicated” individual tax returns and conducting planning meetings for unmarried couples. I also earned a Masters in Science in Taxation from Northern Illinois University (4.0 out of 4.0 GPA). Please also check the link WHY HIRE for additional information about my qualifications. If you want something done both creatively but also lawfully, I am your tax professional!

Examples of ways that I have helped unmarried couples like you increase or protect their wealth:

• Selling loss stocks and year end and having the significant other acquired the same stock to generate capital loss offsets. Wash sale rules generally do not apply to unmarried couples.
• Implementing gifting and other economic arrangements that provide support to the significant other who has lesser economic means.
• Reporting proper gifting between domestic partners. Unmarried couples do not qualify for the martial exemption that married couples enjoy.
• Planning from a holistic approach by talking to both domestic partners.
• Assisting in establishing a system to pay bills to provide more flexibility as to whether a taxpayer is entitled to a deduction.

These are just some of the ways that I can help you meet your financial goals! Call or EMAIL ME now to discuss becoming an advisor to your family!