February 19, 2020 | Freya Allen Shoffner, Esquire

Paying Off Your Mortgage Early

You have a mortgage stretching in front of you for years and even decades which you'd love to pay off early, but should you? It seems to make sense to get rid of that big expenditure of interest, but it doesn't always. Determine what makes sense for you and your situation before you put your raise, savings, or inheritance toward an early pay off.
February 12, 2020 | Freya Allen Shoffner, Esquire

Lower Your 2019 Taxes


It isn't too late to reduce your 2019 tax bill. Below are three approaches you can take.

February 07, 2020 | Freya Allen Shoffner, Esquire | Main Office

Income Tax Withholding Assistant for Employers

February 04, 2020 | Freya Allen Shoffner, Esquire

Arguing in Front of Your Children

It isn't easy raising kids. There are different approaches to take and decisions to be made. Sometimes parents see eye to eye on different aspects of child rearing and sometimes they don't. It can put a lot of stress on a marriage and create conflict. It is important to reach a consensus. Reaching a consensus reduces the stress and results in fewer arguments. This makes for a better marriage and happier and healthier kids.
January 28, 2020 | Freya Allen Shoffner, Esquire | Main Office

Fannie Mae Refinance Option

Would you like to refinance but have a high loan to value (LTV) ratio? The LTV ratio is an assessment of lending risk based on how much you are borrowing based on collateral. Fannie Mae has a high LTV refinance option for borrowers with existing Fannie Mae mortgages who are making their payments on time but whose LTV ratio for a new mortgage exceeds what is allowed for standard limited cash-out refinance options.

January 17, 2020 | Freya Allen Shoffner, Esquire | Main Office

Canceling a Credit Card

If you are going to cancel a credit card, do it wisely. Closing a credit card can impact your credit scores but it doesn't have to.

The standard advice is to leave credit card accounts open. That being said, there are reasons you may want to close your cards. It is prudent to close joint credit card accounts during a separation or divorce. This protects you from liability for charges made by your former spouse. On joint accounts the lender will hold ...
January 15, 2020 | Freya Allen Shoffner, Esquire | Main Office

IRS helps workers, businesses with new Gig Economy Tax Center

Gig Economy Tax Center

What is the Gig Economy?

The gig economy—also called sharing economy or access economy—is activity where people earn income providing on-demand work, services or goods. Often, it's through a digital platform like an app or website.

Gig Economy Income is Taxable

January 08, 2020 | Freya Allen Shoffner, Esquire | Main Office

Estate and Other Tax Changes for 2020


There will be changes to tax exclusions and deductions in 2020. The estate tax exclusion will go up $180,000 to $11.58 million. Individual estates worth up to $11.58 million will not be subject to federal or gift taxes. Estates for married couples will not be subject to federal or gift taxes if they don't exceed $23.16 million.

Gift tax exclusions will remain at $15,000.

December 17, 2019 | Freya Allen Shoffner, Esquire | Main Office
December 11, 2019 | Freya Allen Shoffner, Esquire | Main Office

Essentials of Security Deposits


Security deposits are held by landlords to protect them from unpredictable tenants. They are designed to protect landlords from damage to their property. While the landlord holds the deposit, it belongs to the tenant.

Massachusetts law dictates that...
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