IS YOUR HSA A RETIREMENT TOOL? THE GOOD, THE BAD, AND THE UGLY

Health Savings Accounts can be a source of retirement funds when properly positioned with other retirement fund options, but it's important to know their advantages and disadvantages.

GIVE TO CUT TAXES

If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if you are gifting income-producing real estate. By doing so, you may further reduce your 2017 tax liability.

PARENTS NEED TO DO ESTATE PLANNING

For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as provide for their financial well-being.

FIVE FINANCIAL LESSONS TO TEACH YOUR CHILDREN

"Dad, I need some extra money to go to the movies with my friends." If you are a parent, you've probably heard countless requests like this. Learn some simple ways you can connect with your kids by teaching them about personal finance.

WHAT IF YOU HAVE A CASUALTY GAIN?

If you were subject to a casualty loss and received a reimbursement from your insurance company, this can result in taxable income. There are specific rules related to casualty gains that can help you determine how this affects your situation.

FIVE HOME OFFICE DEDUCTION MISTAKES

The home office tax deduction is a tricky area of the tax code. Some taxpayers are so wary of the deduction that they simply opt not to take it. If you're in this group, read the common mistakes and then get help. Don't miss out on this tax benefit if it applies to you.

REAP THE BENEFITS OF HIRING YOUR CHILD FOR THE SUMMER

Your teenage child is probably eager to make some money this summer. Hiring him or her to work for your company may offer benefits to both of you.

DON'T ASSUME IT'S CORRECT, JUST BECAUSE IT'S THE IRS

You may receive correspondence from the IRS that contains an error. What should you do?