Jul 30, 2019 | Firm Updates, Individual Tax
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And while the tax caused some families pain in the past, it has gotten...
Nov 14, 2018 | Firm Updates, Individual Tax, Tax Tips
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips: Avoid surprise capital gains Unlike with stocks, you cannot avoid capital gains on mutual...
Sep 25, 2018 | Firm Updates, Individual Tax, Retirement Planning
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in...
Jan 4, 2018 | Firm Updates, Individual Tax, Tax Tips
For individual taxpayers, the new tax law—commonly known as the Tax Cuts and Jobs Act (TCJA)—includes many expected changes, some unexpected ones, and some that didn’t make the final cut. Here are the most important things that individual taxpayers need to know...
Jul 26, 2017 | Firm Updates, Individual Tax
In the quest to reduce your tax bill, year-end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three strategies that can be more effective if you begin executing them midyear: 1. Consider your bracket The...