IRS Provides Guidelines on How to Claim New Wrongful-Incarceration Exclusion; Use Special Address for All Back-Year Refund Claims; Dec. 19 Deadline for Older Claims 

The Internal Revenue Service released guidelines on how wrongfully-incarcerated taxpayers can take advantage of the new retroactive exclusion from income for any civil damages, restitution or other monetary award received in connection with their incarceration. The guidelines are contained in a set of frequently-asked questions, posted today on According to the FAQs, taxpayers who […]

Strange but true

• It was 19th-century Russian playwright and short story writer Anton Chekhov who made the following sage observation: “Love, friendship, respect, do not unite people as much as a common hatred for something.” • If you suffer from galeophobia you’re certainly not alone; Steven Spielberg’s 1975 film “Jaws” may have popularized the fear of sharks, but it […]

April trivia test

1. GAMES: How many dots are on a pair of standard dice? 2. GEOGRAPHY: The Tropic of Capricorn crosses three continents. What are they? 3. U.S. STATES: Which state capital is the only one that ends in the letter “x”? 4. MUSIC: The song “Getting to Know You” appears in what movie or play? 5. […]

Former business owner overcomes devastating setbacks

If you are in pursuit of the American Dream, you probably weren’t given a roadmap that would guarantee a successful journey. Ask the average man or woman on the street today what immediate thoughts come to mind about owning your own business, and you’ll probably hear, “Being your own boss,” and “Working your own hours.” […]

Horoscopes for April

ARIES (March 21-April 20) Your intuition will be right on. Follow your feelings in matters pertaining to financial investments. It’s time to deal with institutional environments, government agencies and matters of a private nature. You need to take a break with the ones you love. You can come up with solutions to the problems responsible […]

IRAs can be considered exempt resources  

My firm helps many families save assets from risk of loss for payment of nursing home expenses. That is true even when the individual is just about to enter a nursing home or is already in a nursing home. How we are able to do that depends on many different variables. Important among those are […]

$3 million awaits Rhode Islanders that failed to file 2012 returns

The Internal Revenue Service (IRS) announced that federal income tax refunds totaling $950 million may be waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2012. To collect the money, those taxpayers must file a 2012 tax return with the IRS no later than this year’s April […]

Certain movie cameras can give owners happy endings

Between movie theaters, TVs, computers, and cell phones it’s likely that every one of us is impacted by moving pictures every day. Moving pictures are used for entertainment, conveyance of information and documentation; and with the advent of digital technology virtually everyone captures moving images without even thinking twice about what an amazing gift it […]

OT focuses on activities for self-sufficiency

Q: My 78-year old father recently suffered a stroke. He is about ready to leave the hospital and the discharge planner mentioned that he would need occupational therapy (OT) at home. What exactly is occupational therapy? ~ Carol P., North Providence A: Occupational therapy is an important part of recovery and rehabilitation for many diagnoses. Occupational therapists help […]

All adults urged to complete advance directives   

  Approximately 9,000 people are cared for daily in Rhode Island’s skilled nursing centers. For some, their stay is a short-term admission following a hospitalization. Others rely on the 24-hour, long-term care that they need to help manage a chronic illness or debilitating condition that precludes them from remaining at home. The caregivers in skilled […]