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Category Archives: Tax Tips

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Nov292017

Converted Your Traditional IRA to a Roth IRA? Worried You May Have Done it too Soon if Tax Reform Passes?

Blog, Tax TipsBy Henssler FinancialNovember 29, 2017

You can convert your traditional IRA to a Roth IRA this year, and if tax laws change in your favor, you can recharacterize the conversion for 2017 and then re-convert for 2018. We explain in this week’s Tax Tip.

Nov222017

Ten Year-End Tax Tips for 2017

Blog, Tax TipsBy Henssler FinancialNovember 22, 2017

It’s almost year-end! If you want to improve your tax situation for 2017, learn 10 potential tax moves in this week’s Tax Tip.

Nov172017

A Beginner’s Guide to Bookkeeping

Blog, Business Tips, Tax TipsBy Henssler FinancialNovember 17, 2017

Before you spend sleepless nights crunching numbers for your business, understand the basics of bookkeeping. Learn more in this Business Tip.

Nov162017

Are life insurance proceeds income taxable?

Blog, Insurance, Tax TipsBy Henssler FinancialNovember 16, 2017

Not all proceeds from a life insurance policy qualify for favorable tax treatment. We explain in this week’s Insurance Tip.

Nov152017

Is a Reverse Mortgage Right for You?

Blog, Tax TipsBy Henssler FinancialNovember 15, 2017

Is a reverse mortgage too good to be true? It really depends. The devil is in the details. We explain in this week’s Tax Tip.

Nov142017

Are Your Important Financial Documents Safe?

Blog, Financial Tips, Tax TipsBy Henssler FinancialNovember 14, 2017

If a sharknado struck your home tomorrow, would you lose all of your important documents? Learn what to do in this week’s Financial Tip.

Nov82017

Tax Breaks for Military Personnel

Blog, Tax TipsBy Henssler FinancialNovember 8, 2017

We all appreciate the sacrifices the military makes, even the IRS. Service members are eligible for some tax breaks. We explain in this week’s Tax Tip.

Nov32017

Hiring The Right Employee Can Get You A Big Tax Credit

Blog, Business Tips, Tax TipsBy Henssler FinancialNovember 3, 2017

Hiring a disadvantaged individual can be a win-win situation thanks to the Work Opportunity Tax Credit.

Nov12017

Gambling and Tax Gotchas

Blog, Tax TipsBy Henssler FinancialNovember 1, 2017

Headed to the casino? Remember, the tax code requires all gambling winnings to be reported. We explain in this week’s Tax Tip.

Oct272017

Casualty Losses Affect More than the Current Year’s Tax Return

Blog, In The News, Tax TipsBy Henssler FinancialOctober 27, 2017

In today’s Marietta Daily Journal, Bil Lako, CFP®, shares information on recouping your losses if you were affected by hurricanes. Read the Article

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