Naming Your IRA Beneficiary—More Complicated Than You Might Expect
While you may have other reasons, there is no tax advantage to naming a trust as the beneficiary of an IRA. Learn what we mean in this week’s Tax Tip.
Obamacare Adds New Levels of Complexity to Tax Returns
Substantial reporting requirements have been added to the 2014 tax return to facilitate the ACA insurance mandate. We explain in this Tax Tip.
Ever Wonder What a Tax Deduction Might Save You?
What is a tax deduction worth? It depends on your situation and the type of deduction. We explain in this Tax Tip.
Tax Benefits for Grandchildren
As a grandparent, you can teach your grandchildren financial responsibility while securing their financial future. Read more in this Tax Tip.
Affect Your Taxes by Carefully Handling Gains and Losses
If you have losses in certain stocks or bonds, you may be able to sell them for a loss to offset any capital gains you recognized during the year.
Together Forever: Marriage and Taxes
Marriage changes everything, including your taxes and how you go about year-end tax planning. We explain in today’s Marietta Daily Journal. Read the Article
Gambling Income and Losses
Gambling winnings are reported as income, while gambling losses are deducted on Schedule A. If you scored big at the casino, read this week’s Tax Tip.
Affect Your Taxes with Gains, Losses
Bil Lako, CFP®, explains how recognizing your capital losses may improve your tax situation. Read the Article in Today’s Marietta Daily Journal
Getting Around the Kiddie Tax
Saving for your children’s education in their name? Don’t be deterred by the Kiddie Tax. Read more in this week’s Tax Tip.
Better to Sell or Trade a Business Vehicle?
Depending on the gain you stand to make, it may be a better option to trade your business vehicle than sell it. Learn more in this Business Tip.