Atlanta advisor John L Mills Tax Centers of Georgia interviewed in Detroit during 1200 point stock market drop
WITH STOCK MARKETS TUMBLING, RESIDENTS INCREASINGLY WORRIED OVER 401(K) AND RETIREMENT PLANS ANCHOR HUEL PERKINS: Many of us who invest in the stock market are feeling a little bit rattled right now. ANCHOR MONICA GAYLE: But is there a real reason to be...New Higher Retirement Plan Contribution Limits for 2017
New limits on retirement plans for 2017 Below we have a list of the most common Pension Plans Maximum SIMPLE contribution $12,500 Maximum SEP contribution $54,000 Maximum compensation for plan purposes is $270,000 Maximum monthly benefit for defined benefit plans...IRS Secret Gift to Business Owners
Stop Overpaying Your Business Taxes by Hundreds of Thousands of Dollars per year! Business owners do not realize that buried somewhere in their tax return is the most powerful tool to increase their business cash flow. That tool is called a depreciation...Why You Should Love Your Stinkers
Why You Should Love Your Stinkers We have had quite a few emails and calls about the 9 Ways to Reduce Your Taxes attachment in the November newsletter. Most of the questions were about the “wash sale” rule typically used in selling stocks so let’s spend some more time...Deadlines that people forget that cost them!
The Oct 15th extended personal tax return deadline is looming, so if you haven’t filed yet you need to cancel this weekend’s plans and get to it!! Many people in Florida will learn an unfortunate lesson after being punched in the head by Hurricane Matthew as they are...
Tax Doctor
- The Most Used Tax Planning Concept for November and DecemberIn October, as Halloween approaches, the fall wrap up begins around the house. Any remaining lawn chairs, storm windows and etcetera, all go into place ahead of the first storm. Sure, for some places, like Arizona, winter is just a nice break from the heat. But, for a majority of the country that lives in […]
- “Fall” Into Tax Savings for Next Year!With fall in the air, it’s time to start thinking about things that need to be done to prepare for winter. The garden harvests are rolling in, fresh vegetables are everywhere and it’s really, really great. Time to fill up your oil tanks before the price change, and at least know where those snow tires are in […]
- Nothing Up My Sleeve…Crypto!That’s a reference to an old cartoon where Bullwinkle the moose was about to do a magic trick and would push up his fur, as if it was a shirt, and say “nothing up my sleeves, PRESTO” and pull a rabbit out of a hat. It would never be a rabbit that came out of […]
- Procrastinators Alert!The real tax filing deadline is less than three weeks away (Christmas is less than 100 days away but that’s another blog)! There are many reasons people find themselves needing to delay their tax filing. Sometimes there is no reason, it’s just their least favorite thing to do. “The IRS allows for extensions and for […]
- 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 […]