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Common questions about 1099s

The IRS is officially accepting 2016 tax returns and our clients are anxious to settle up with good ol’ Uncle Sam. For the past few years, important tax documents regarding taxable withdrawals and realized gain and loss information have been mailed directly to investors from the account custodian (Charles Schwab, Fidelity, TD Ameritrade, U.S. Bancorp,… Continue reading →

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Tip of the month: Tax season and Roth IRA contributions

Every year we have clients that make Roth IRA contributions. Sometimes a client discovers that they were ineligible to make a contribution (this discovery usually happens when they file their tax return) due to an increase in income for that tax year. The contribution and calculated earnings must then be withdrawn before the tax filing deadline… Continue reading →

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The season of giving…stocks?

At year end, individuals tend to look to minimize taxes through tax-loss selling or giving money to charity. However, gifting appreciated stocks to charity is an often-forgotten tactic that can fulfill your charitable inclination and benefit your tax bill. Any gift to a charity, (for most people) allows a tax deduction, so you are able… Continue reading →

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The secret to tax planning: Start early

When it comes to tax planning two words come to mind, preparation and opportunity. We all know that taxes and tax planning are low on people’s to-do lists, however it’s important that investors prepare as early as possible in order to avoid missing opportunities. And there’s no better time than now. Start by figuring out… Continue reading →

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Protecting your money

IRS “Dirty Dozen” tax scams for 2015

Each year the IRS completes a list of “Dirty Dozen” tax scams alerting consumers to the latest tricks and schemes by fraudsters. This year’s list is comprehensive and phone and email scams continue to be unfortunate trends. We read through the complete list, available here, and summarized the most important takeaways for our blog readers.… Continue reading →

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