How To Determine If You Need To Worry About Estate Taxes

Here’s a simplified way to project your estate tax exposure. Take the value of your estate, net of any debts. Also subtract any assets that will pass to charity on your death. Then, if you’re married and your spouse is … Continue reading

When It Comes To Taxes, Not All Income Investments Are Treated The Same

The tax treatment of investment income varies, and not just based on whether the income is in the form of dividends or interest. Qualified dividends are taxed at the favorable long-term capital gains tax rate (generally 15% or 20%) rather … Continue reading

Tax Impact Of The Supreme Court’s Same-Sex Marriage Decision

On June 26, the U.S. Supreme Court ruled that same-sex couples have a constitutional right to marry, making same-sex marriage legal in all 50 states. For federal tax purposes, same-sex married couples were already considered married, under the Court’s 2013 … Continue reading

IRS Issues New Tangible Property Regulations

In a major departure from its previous rules, the IRS has issued new Tangible Property Regulations (TPRs), which explain when you can deduct amounts paid to acquire, produce, or improve tangible and real property and when those amounts must be … Continue reading

2015 Q1 Client Tax Letter

2015 Q1 Client Tax Letter

Save More For Retirement In 2015

Many retirement plan contribution limits increase slightly in 2015; thus, you may have opportunities to increase your retirement savings: Other factors may affect how much you can contribute (or how much your employer can contribute on your behalf). For example, … Continue reading

Review Gains And Losses Now To See If Action By December 31 Can Save 2014 Taxes

Appreciating investments that don’t generate current income aren’t taxed until sold, deferring tax and perhaps allowing you to time the sale to your tax advantage. Review your year-to-date gains and losses now to see if selling any additional investments by … Continue reading

Protecting Your Financial Identity

Here are some of the precautions you should take to prevent the horror of identity theft: Place secure passwords on your credit card, bank and phone accounts. Don’t use information such as your mother’s maiden name, your birth date, the last four digits … Continue reading

Is A Roth IRA Conversion Right For You This Year?

If you have a traditional IRA, you might benefit from converting some or all of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: … Continue reading

2 Tax Pitfalls Of Mutual Funds

Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering … Continue reading