Category Archives: Taxes

2019 Tax Brackets

2019 is almost over, and you may be wondering what tax bracket you’ll end up in, and for good reason. There are a lot of reasons you may need to check 2019 tax bracket information. Year-end charitable gifting, deciding if you should take a bonus in this tax year, deciding if you should exercise stock options, are just a few good reasons to see what bracket you’ll end up in.
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Retirement account gaffes: Clients’ biggest withdrawal mistakes

This is a great article by Ed Slott. There are ways to avoid the 10% penalty tax for taking money out of your IRA early. But you’d better make sure you understand the rules clearly before taking an early withdrawal. This is a great resource for all the exceptions to the early withdrawal penalty. Baby…
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Year-End Tax Planning Tip #1

Over the next two months, mutual fund companies will be paying out year-end distributions in the form of capital gains to shareholders. While this may sound like something great that you wouldn’t want to miss out on, it’s not really what you might think. Capital gains distributions that a fund pays out to shareholders is…
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New Scam Involves Fake Property Tax Liens

With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency. This is a new twist on an old scam because of the realistic looking letter. Many people have been…
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As 2018 Ends, Year-End Tax Planning Is More Critical

This is a great article I found on www.CPApracticeadvisor.com Last December’s tax-reform bill upends conventional tax-planning strategies and dramatically changes the landscape for this year’s tax filings. The good news is that there is still time to ease the pain of the upcoming filing season – even this late in the year. To help individuals…
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5 Ways To Beat Taxes

Winston Churchill said, “We contend that for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” Unfortunately, many of our government officials today don’t see it that way.  Now don’t get the idea that I’m against taxes.  I agree…
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