Home >Articles

Category: Taxes

What If You Can’t Pay Uncle Sam?

No one likes unexpected expenses, especially large unexpected expenses. This time of year, one such expense can be income taxes. You’re probably aware of this year’s April 18 filing deadline, but maybe you weren’t prepared
Continue Reading

2017 Contribution Limits, Deductions, and Other Rule Changes

Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. While President-elect Donald Trump has proposed sweeping tax reform, it’s impossible to know which of
Continue Reading

Election Analysis: How A Trump Presidency May Affect Your Taxes

In two of the most shocking political upsets in American history, President-elect Donald Trump first navigated past a field of 16 Republican challengers in the primaries, then beat the formidable Clinton machine in the
Continue Reading

“Even so?”

With the help of my accountant, my tax returns are in the mail (whew!). Long gone are the days I would tackle this on my own, using computer software to complete my returns. If you do your own taxes, my hat is off to you
Continue Reading

Are You Having Too Much Money Withheld For Taxes?

Some people go to extremes in their attempts to save on taxes. According to TurboTax, here are some of the crazier deductions people have tried to claim: A floundering business owner hired an arsonist to burn down his
Continue Reading

Keep More of Your IRA/401(k) Gains Through Smart Tax Planning

This article pertains specifically to investors who have both a tax-advantaged account (IRA/401k) and a taxable investment account. If you don’t have a taxable investing account, don’t make the mistake of thinking we’re
Continue Reading

Avoid Double Taxation When Calculating Mutual-Fund Gains

Mutual funds make periodic payments to shareholders representing a share of the interest, dividend, and capital-gain income earned by the fund. These payments are called “distributions.” If you’re not careful in accounting
Continue Reading

Why It Might Be Timely to Convert a Traditional IRA to a Roth in 2016

This year’s market correction has been severe enough that it’s causing some investors to feel like they should “do something!” in response. Our advice? Stay calm and don’t take dramatic action. Instead, wait for an
Continue Reading

2016 Contribution Limits, Deductions, and Other Rule Changes

Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. Here’s a guide to some of the more significant changes for 2016. Retirement Plans If you participate
Continue Reading

Still Time for Year-End Tax Savings

As year-end approaches, you can exercise good stewardship by considering ways to minimize your tax liability. You should begin now so you will have time to take advantage of tax savings opportunities. (The
Continue Reading