Home >Articles

Category: Taxes

Big Changes in Store for 2018 Taxes

It’s time to start thinking about your 2018 taxes. I know. It’s a crazy thought. You probably haven’t even started working on your 2017 taxes yet. However, with the most sweeping tax law changes in 30 years now in effect
Continue Reading

January Sightings

Turning the Tide Against Cholera [Note: This isn’t about finances, but isn’t it nice to start the year with news that everyone can agree is good?]
Continue Reading

Beware the Mutual Funds’ End-of-the-Year Tax Trap

December is the most dangerous time of the year for investors who own mutual funds in taxable accounts.* Here are some basics concerning taxes and mutual funds that can help you navigate what otherwise can be a tricky and
Continue Reading

What If You Can’t Pay Uncle Sam?

No one likes unexpected expenses, especially large unexpected expenses. This time of year, one such expense can be income taxes. You’re probably aware of this year’s April 18 filing deadline, but maybe you weren’t prepared
Continue Reading

2017 Contribution Limits, Deductions, and Other Rule Changes

Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. While President-elect Donald Trump has proposed sweeping tax reform, it’s impossible to know which of
Continue Reading

Election Analysis: How a Trump Presidency May Affect Your Taxes

In two of the most shocking political upsets in American history, President-elect Donald Trump first navigated past a field of 16 Republican challengers in the primaries, then beat the formidable Clinton machine in the
Continue Reading

“Even so?”

With the help of my accountant, my tax returns are in the mail (whew!). Long gone are the days I would tackle this on my own, using computer software to complete my returns. If you do your own taxes, my hat is off to you
Continue Reading

Are You Having Too Much Money Withheld For Taxes?

Some people go to extremes in their attempts to save on taxes. According to TurboTax, here are some of the crazier deductions people have tried to claim: A floundering business owner hired an arsonist to burn down his
Continue Reading

Keep More of Your IRA/401(k) Gains Through Smart Tax Planning

This article pertains specifically to investors who have both a tax-advantaged account (IRA/401k) and a taxable investment account.   If you don’t have a taxable investing account, don’t make the mistake of thinking
Continue Reading

Avoid Double Taxation When Calculating Mutual-Fund Gains

Mutual funds make periodic payments to shareholders representing a share of the interest, dividend, and capital-gain income earned by the fund. These payments are called “distributions.” If you’re not careful in accounting
Continue Reading