The IRS Backlog Is Causing Taxpayer Heartburn
COVID-19 brought about a perfect storm of delays for the IRS. If you are caught up in the gridlock, not much can be done except to be patient.
Education Credits are for Children? Think Again!
If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse, and your dependents.
Fall Tax Planning May Be Wise
Opportunities for tax planning are available for all income levels but waiting too late in the year may not give you the time needed to take advantage of some of these strategies.
Filing as Married Separate? Better Read This.
While most married couples choose to file a joint return, there are reasons a couple may choose to file separately. However, Congress carefully writes the tax laws to eliminate tax breaks for those filing MFS and can make filing very complicated.
Restricted Stock Creates a Need for Financial and Tax Planning
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by fellow Research Analyst Jacob Keen, CFA, and Managing Associate K.C. Smith, CFP®, CEPA, to provide some guidance for an investor’s situation in planning for his compensation of Restricted Stock Units.
October Extended Due Date Just Around the Corner
If you could not complete your 2020 tax return by May 17 and are now on extension, that extension expires on October 15, 2021.
Mid-Year Tax Planning Checklist
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or financially assist them. In this Tax Strategist article, we list events that can affect your tax return. Taking steps now to mitigate their impact, may help you avoid unpleasant surprises next year.
Were You Affected by a Disaster Loss?
With the wildfires in the west, hurricanes, and flooding in the southeast and eastern seaboard, we have had several presidentially declared disaster areas this year. Taxpayers in disaster areas are eligible for a variety of tax benefits.
Tax Breaks for Grandparents
As a grandparent, if you have custody of your grandchild, you may be eligible for tax breaks.
Growing Retirement Funds Tax Free with a Mega Backdoor Roth IRA
Associates Melanie Wells, CFP®, and Logan Daniel, CFP®, CRPC®, join Chief Investment Officer Troy Harmon, CFA, CVA, to cover a little-known strategy for high-income earners to move a significant amount of retirement funds into Roth accounts for tax-free growth.