Retirement Holdings Down Significantly? Consider a Roth Conversion
With the vast disparity in sector performance, the “Money Talks” financial experts discuss converting depressed holdings into a Roth IRA.
Foreign Account Reporting Due October 15
Do you gamble online at a casino located overseas? Do you have relatives in a foreign country who put your name on their bank account in case of emergency? You may have an FBAR requirement and not even realize it!!
In the News: Presidential candidates differ on taxes in several key areas
In the Marietta Daily Journal, Bil Lako, CFP®, takes a look at the differences that the presidential candidates have on tax laws. While politics might be red or blue, money is green. As taxes influence your bottom line, you should pay attention to the presidential tax platforms during an election year. Read the article here…
Charitable Giving
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
Comparison Chart: Trump and Biden Tax Platforms
This chart provides a side-by-side comparison of the two front-running presidential candidates’ tax plans for the future. However, there is no assurance these plans won’t be revised or that they will have eventual Congressional backing.
Presidential Candidates Differ on Taxes in Several Key Areas
Tax Consultants from Henssler CPAs & Advisers join the show, taking a deep dive into the tax platforms of Democratic nominee Biden and incumbent Trump for the presidential election.
Ready for the 1099-NEC?
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
The U.S. Economy is Not the Same as the Stock Market
We look at why the market recovered so quickly despite the economic data and discuss why the market can be somewhat disconnected from the economy.
In the News: Growth and value – now is not the time to switch courses
In the Marietta Daily Journal, Bil Lako, CFP®, explains how the bulk of the S&P’s recovery since the low in March has been generated by five stocks. What investors shouldn’t do is abandon a currently out-of-favor strategy for whatever is working right now—regardless of what type of stocks are in favor. Read the article here Disclosures: The…
October’s Extended Due Date Is Fast Approaching
If you could not complete your 2019 tax return by the extended July 15 deadline and filed a request for additional time, that extension expires on October 15, 2020.