Tax Doctor

• Tax Armageddon on the Way?
  Every new president makes changes to the tax code, so why is this time so different?  The short answer is because our “books” as a country have never been in worse shape, not even during World War II.  COVID related spending is only icing on the already giant cake of our current federal debt that […]
• Don’t Let Your Stockbroker Off the Hook When it Comes to Tax Planning
  Don’t let your stockbroker off the hook when it comes to tax planning.  Many people work with brokers when they buy and sell stocks.  Many people now, because of the internet, also have become their own stockbrokers, doing their own research and trading on various platforms.  Whether you use a professional or do your trades yourself, you […]
• Why Do the Wealthy Pay Less Tax than Others?
  Well, do they or don’t they, actually?  Long debated and often manipulated by the media, the topic of the wealthy and taxation has many, many complex points and counterpoints.  First, when people say that, they often don’t define what kind of tax.  The people hearing the comment usually go to federal personal income tax in […]
• Overlooked Opportunities
  An often overlooked tax planning opportunity comes from not fully understanding how you can use your cars as a deduction on your tax return.  It is very common for people who have a Schedule C sole proprietor type business to claim their mileage on automobiles, but the privilege of using personal deductions on a tax […]
• Logical Tax Planning
  It’s hard to be logical all the time about everything.  The most financially successful tax clients we serve at least attempt to force themselves to be logical, for their own benefit.  For instance, our parents, as well as a subset of the economy including some popular radio show based advisors like Dave Ramsey, say you […]