Maintaining a new year's financial resolution requires doggedness. Many people plan to visit the moon, before they finish building a rocket. The promises you make every January...
When you file tax returns, deductions reduce your income and the amount you owe. Taxpayers have two options: they can claim a standard deduction, or they can specify and request specific...
What a great time of year it is, the weather is starting to warm up, we have March Madness, and most important(lol) the end of the tax season. Tax season doesn’t have to be a...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
Over the years, vital documents were created and stored in hard copies. This, without a doubt, came with its unique pros and cons. In time, with an increase in technological development,...
Posted by Elliot Kravitz, ATP on 01/19/2020
How do you account for the costs of health care alongside planning for your retirement? If you're like the others, you are underestimating these expenditures.While Medicare Part...
Posted by YourIRSTaxAdvocate.com on 01/19/2020
For an “injured” spouse to regain the share of a joint return, they must file Form 8379. This is the case when a past-due obligation of the other spouse was applied by...
Posted by LLOYD J CAZES CPA on 12/28/2019
Mutual fund taxes generally include dividend and capital gains taxes, while the investor owns mutual fund shares and capital gains taxes when selling units of the mutual fund. The...
Posted by LLOYD J CAZES CPA on 11/25/2019
What is the 4% percent rule?The 4% rule is a general rule used to determine the amount a retiree should withdraw from a retirement account each year. This rule is intended to provide...
Posted by Elliot Kravitz, ATP on 11/25/2019
What is the harvesting of tax losses?The tax-loss harvesting can be said to be the act of selling a security that has experienced loss. By observing or "harvesting" a loss,...
Posted by John Pournaras Agency on 11/13/2019