Time Is Short for Reducing Your Tax Bill
We know most 2022 income tax planning must be completed by December 31, 2022. However, there is one 2022 income tax reduction method you can use even now. How? It’s …
Taxes
10 Ways To Take An Early Distribution Without A Tax Penalty
How can I take an early distribution without a 10% tax penalty? We know that IRAs are a terrific way to invest in your future as income taxes on profits …
10 Ways To Take An Early Distribution Without A Tax Penalty Read More »
Bernie Sanders and Nancy Pelosi Are In Complete Agreement
I’ll Keep This Short With the support and endorsement of speaker of the House Nancy Pelosi, Bernie Sanders has introduced a bill to save Social Security. So far so good. …
Bernie Sanders and Nancy Pelosi Are In Complete Agreement Read More »
Learn How This New Biden Proposal Will Change Everything
What do you plan on leaving for your heirs? Successful people have long set aside gifts for their heirs. IRC § 1014(a) provides what is commonly called Stepped Up Basis. Simply …
Learn How This New Biden Proposal Will Change Everything Read More »
New Tax Proposals: How They Could Affect Your Investments
A Great Investment For as long as people have been investing, the first steps have always been the same: Identify a good opportunity. Hire a CPA or attorney to help …
New Tax Proposals: How They Could Affect Your Investments Read More »
How Your Taxes May Change Under a Biden Administration
Post Election With the election behind us, it is time to look to the future of your wallet. With a new administration and a friendly Congress, we should expect a …
How Your Taxes May Change Under a Biden Administration Read More »
2021 Inflation Adjustments
IRS Posts the 2021 Inflation Adjustments The Internal Revenue Service issued its annual inflation adjustments for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction …
Good Luck Buddy
A peek into the future. There has never been a more crucial time to take control of your IRA. By personally managing your IRA, you are managing your future. Why is this …
The Future of Taxes
National Level  The pandemic has caused our national deficit to explode.  No matter which political party will be elected this fall, there will be an outcry to bring down our Godzilla sized national debt. The …
Taxes on Distributions
When I take out a distribution when are the taxes due? Here is an example when income tax is due on a Traditional IRA or 401(k) distribution: For example, John took …
