Blog
Owning Real Estate in Multiple States Can Negatively Affect Beneficiaries
A vacation home, rental property or future retirement residence may play an important role in your long-term plans. However, if you hold properties across multiple states, it can create estate planning issues that can be easily overlooked. If not addressed properly, these issues can have consequences for your heirs. Multiple
Take Steps to Help Ensure Your Estate Plan Won’t be Challenged After Your Death
It’s not uncommon for family members to contest a loved one’s will or challenge other estate planning documents. But you can take steps now to minimize the likelihood of such challenges after your death and protect both your wishes and your legacy. Family disputes often arise not from legal flaws,
How The New Trump Accounts For Children Will Work
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028
Significant Changes to Information Reporting Go Into Effect For The 2026 Tax Year
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes impacting these rules, but not for the 2025 tax year. Tips and Overtime Income For 2025 through 2028, the OBBBA creates new deductions for employees
Address Your Elderly Parents In Your Estate Plan In 5 Steps
When creating or updating your estate plan, it’s important to address your elderly parents with both clarity and sensitivity. If you provide financial support, share housing or anticipate future caregiving responsibilities, your plan should reflect these realities. Clearly documenting any ongoing assistance, loans or shared assets can help prevent misunderstandings
DWC CPAs and Advisors Announce Firm Promotions
DWC CPAs and Advisors is pleased to announce the following promotions Matt Leach, PAFM to Chief Operating Officer Matt joined DWC in 2020. He brings more than a decade of experience in the accounting industry, including time as a financial statement auditor before becoming the Firm Administrator and Client Accounting
Making Health Care Decisions While You’re Still Healthy Benefits You and Your Family
Integrating health care decisions into your estate plan is important because it ensures they are thoughtful, informed and reflective of your values. When you make decisions in advance, you can clearly outline preferences for medical treatment, end-of-life care and quality-of-life considerations without the pressures of an illness or crisis. As
Tax Filing FAQs For Individuals
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the same time as when the agency began accepting and processing 2024 tax year returns last year, despite IRS staffing having been significantly reduced since then. Here are answers to some
Is Your Business Ready For The Tax Deadline That’s on Groundhog Day This Year?
Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that date falls on a Saturday. So the deadline is the next business day, which happens to be Groundhog Day: February 2, 2026. W-2s for Employees By February
DWC Professional Earns CPA Designation
DWC CPAs and Advisors is pleased to announce that Zane L. Haas has recently earned his Certified Public Accountant (CPA) designation and obtained Colorado licensure after successfully passing the Uniform CPA Examination. Established by the American Institute of Certified Public Accountants (AICPA), the Uniform CPA Examination protects the public interest