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What Is Tax Planning?
We use the term “Tax Planning” often, but we are aware that many people are not sure what it really is. Some people think “That means off shore accounts and citizenship shell games ending with jail time. No thank you!”. That is not tax planning; that’s tax evasion, and it’s not at all what we […]
It’s Not All Bad News. Roth Conversions In A Down Market Can Be A Big Win!
For many Americans the bad news surrounding the current crisis is all consuming. Even for those not living check to check, it can still be very stressful. Employers struggle with using savings, loan lines or selling assets to keep afloat. Others face layoffs of workers that are practically family members. There is a lot of […]
It’s Better To Give To Charity From Your IRA Than It Is To Hand Them Cash!
This tax law became permanent but it’s still very underutilized. Many others are as well! I know on first read this probably sounds complicated, but it’s very simple. It’s better to take the income off your tax return than to take the deduction. It’s a win and it’s now permanent. There are numerous other tax […]
Check Your Business Tax Return for QBI Deduction!
If you own any size business, now is the time to review your business return to make sure you are receiving the maximum allowable “QBI” deduction. The public and many preparers still don’t have their arms wrapped around how this deduction works and many mistakes are being made! Whether you file as a sole proprietor, […]
Tax Planning in Down Markets
Well, investors aren’t going to have a very good weekend. Many are losing net worth, and fear of the real economic effects of a major national or international event, such as the looming possibility of a coronavirus pandemic, is not a topic that anyone likes to deal with. We have seen these kinds of events […]

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