Category Archives: Taxes

Thinking of Dumping Old Tax Records?

Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Records to dump Record to Keep Longer  I often have clients ask me, “How long should I keep old tax records?” Tired of having all those old tax records taking up drawer or closet space and collecting…
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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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