Call us Mon - Fri, 9 am - 5 pm
195 Worcester St, Ste 205
Wellesley, MA 02481
DOCUMENTS WE NEED TO COMPLETE YOUR ESTATE PLAN: Prior Estate Planning Documents – Please bring any previously completed will, trust or other estate planning documents by you or your spouse to your conference. Insurance – Please bring all life insurance policies (or copies) and any insurance study prepared for you to the conference. Gift Tax Returns – If you have
Use Form 8829 to figure the allowable expenses for business use of your home on Schedule C (Form 1040 or 1040-SR) and any carryover to 2020 of amounts not deductible in 2019. Open Worksheet: Form 8829—Business Use of Home You must meet specific requirements to deduct expenses for the business use of your home. Even if you meet these requirements,
Use Schedule C (Form 1040 or 1040-SR) to report income or (loss) from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and regularity. For example, a
Use Schedule E (Form 1040 or 1040-SR) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in RE-MICs. Open Worksheet: Schedule E – Rental Property
The essentials of an estate plan include documents which are used during your life and those used after your death. The typical lifetime documents are a Durable Power of Attorney, Health Care Proxy and HIPAA Authorization. These documents appoint an agent to handle financial affairs (Durable Power of Attorney), make health care decisions (Health Care Proxy) and manage medical records
Foreign Bank and Financial Account Reporting (“FBAR”), Offshore Voluntary Disclosure Program (“OVDP”) and Offshore Voluntary Disclosure Initiative (“OVDI”) The IRS and Department of the Treasury are increasingly vigilant to make certain US Taxpayers are in compliance with Foreign Bank and Financial Account Reporting (“FBAR”). Any US taxpayer with an interest in, or signature authority over, foreign financial accounts whose aggregate
Listed below are several commonly used tax websites: Internal Revenue Service (IRS) Massachusetts Department of Revenue (MA DOR) Massachusetts Tax Connect
“I hired Nelson Costa to represent me in a very complicated tax preparation. I felt he was professional and always acted in my best interest and he was always available to answer any questions I had. I would highly recommend Nelson’s tax preparation services.”
by tax client
“I could not have had a better real estate lawyer. Nelson has helped me through a numerous real estate transactions and has always had answers for everything that could possible happen. If you need a great real estate lawyer, please call Attorney Nelson Costa. I tell all my friends and family to use him, because he is that good.”
by R.S – real estate client
“I hired Nelson to help administer and probate my parents estate. This was a very difficult process for me but Nelson made me feel at ease with his knowledge and experience. Both Nelson and his staff were easily accessible. I really appreciated Nelson’s ability to work around my schedule, including after hour phone calls. I was very impressed with his abilities and how he communicated with all parties involved. I highly recommend his services”
by K.D. – estate and probate client
“I needed the honest and straight forward advice of an attorney. Nelson carefully advised me of my options and then represented me in a very professional and competent manner, resulting in the best outcome I could have hoped for in my situation.”
by D.P.