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,…

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…

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…