Rental Income and Expenses
Owning an rental property comes with some tax implications, and not just the great “tax write-off” you’ve heard about.
Travel and Other Employee Business Expenses
There are plenty of business expenses that are deductible if they are not fully reimbursed by your employer. Recordkeeping for these expenses is important too.
Managing Your Liquidity
The risk of investing in bonds depends on the type of bond, the quality and the holding period.
Moving Retirement Plan Assets—Transfers and Rollovers
When rolling assets from a retirement plan to an IRA, you need to careful not to take possession of the funds, otherwise you could trigger a taxable event.
Roth IRA
One unique feature of a Roth IRA is that distributions are not mandatory during the account owner’s lifetime, so the account can be left to heirs.
Tracking Stocks as an Investment
A tracking stock is common stock issued by a parent company that tracks the performance of a particular division of the parent company. However, tracking shares don’t always represent ownership interest in the underlying company.
Annuities
Annuities are generally sold as a way to accumulate assets for retirement (with taxes deferred until money is withdrawn), and/or as a convenient method for delivering income during retirement. They generally come highly recommended by sales agents due to the large commissions the agents receive.
Political Contributions and Expenses Paid by Businesses
A business taxpayer may deduct contributions to organizations other than charities as a business expense provided that the contributions have a direct relationship to the company’s business.
Why a Company May Choose to Issue a Tracking Stock
Essentially a tracking stock is nothing more than a stock that the company who issues it HOPES will be viewed by the market as its own company to command its own valuation. Unlike a full spin-off to investors, the company which is being ‘tracked’ is oftentimes controlled by the mother company’s board and senior management, and is 100% owned by the mother unless a portion was sold to the public in an IPO.
Pros & Cons of DRIPS
The best advice that we as investment advisors can offer to new investors is quite simple: SAVE! Over the past several years, many brokerage firms have increased their minimum account size, despite the decline in commission costs, continuing to make smaller transactions cost prohibitive. As a result, DRIP plans have become heavily promoted as viable solutions to new investors entering the stock market.