Your tax refund may be the biggest check you receive all year. It’s like Christmas in April with many taxpayers as the happiness a tax refund check brings to the household exceeds its monetary value. It’s almost like a 2X giddiness factor: $1,000 back from the IRS feels like $2,000 from anyone else. And it’s […]
Market watchers were relieved when Congress rolled out yet another dark eleventh hour deal to save our country from our own political dysfunction. But here’s what it really means for the changes in our taxes and our cliff hanging.
Taxes Changes for 2013 and Social Security Planning
While we prefer to look at client tax situations before the snow falls, in 2012, like many recent years, it may pay to wait until early December to make significant tax moves. But it still makes sense now to be aware of the likely changes and take steps to limit what you’ll owe in April.
With tax season upon us, you have a decision to make. Should you file your tax return the old fashioned way with pen and paper tax forms? Do-it-yourselfers might prefer affordable online and software tax preparation applications. Delegators can choose a franchised tax prep service or a qualified tax preparer — preferably a CPA or […]
New Roth IRA rules this year invite high income earners to join the tax-free party. For them, it’s an income and estate planning opportunity nonpareil. If you have the wherewithal and will to let your Roth span generations, it could help you turn $120,000 into over $5 million with no taxes or penalties. Roth contributions […]