The only constant in life is change, but some of these possible tax code changes will affect advisor planning in BIG WAYS! Three health care taxes that were originally enacted as part of the 2010 health care reform legislation are slated for repeal as part of this year’s budget from Congress. As currently written, the [...]
Ask anyone if they “pay too much income tax” and the knee jerk reaction is almost always, “yes!” and without much hesitation. Why do we call that a knee jerk reaction? Because if you then follow the question up with two more questions, “What did you pay in federal tax last year? And/or what bracket [...]
It’s that time of year again and many business owners with fat bottom lines, or even just with joy in their hearts, are getting ready to rinse and repeat what they have always done; buying tickets and food (perhaps adult beverages also) to celebrate and appreciate their work force. The new IRS rules generally allow [...]
Not everyone is familiar with Schedule A on a 1040, especially healthy younger people with mortgage interest debt from owning a home. Schedule A is a deduction that reduces your total income before taxes are assessed against it. The IRS gives you two choices when it comes to deductions. You can take a “Standard Deduction” [...]
My strategy? Doesn’t this just happen? NO! And you need to pay attention! Weather changes and holiday gear up often take people’s eyes off the ball. Everyone over the age of 70 with money in IRA accounts of many kinds are penalized at 50% by the IRS if they do not properly withdraw the [...]
No trick! Opportunity zones are your treat this Halloween. Year-end tax planning, the stock markets, and opportunity zones are all on a high speed merge around the country. Hopefully, the information is getting to the correct people, but even if you are seeing this for the first time, you still have time to get educated [...]
After October, trick-or-treaters are done banging on your doors, the fall wrap up begins around the house. Any remaining lawn chairs, storm windows and et cetera, all go into place ahead of the first storm. Sure, for some places, like Arizona, winter is just a nice break from the heat. Wow, this summer it was [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]