Individual

Home/Individual

Five tax implications of divorce

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are [...]

By |2022-09-21T10:06:04-08:00September 5, 2022|Individual|Comments Off on Five tax implications of divorce

Is it a good time for a Roth conversion?

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to [...]

By |2022-08-08T10:42:40-08:00August 8, 2022|Individual|Comments Off on Is it a good time for a Roth conversion?

Social Security benefits: Do you have to pay tax on them?

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security benefits, the answer is: It depends. [...]

By |2022-08-08T10:42:12-08:00July 18, 2022|Individual|Comments Off on Social Security benefits: Do you have to pay tax on them?

IRA charitable donations: An alternative to taxable required distributions

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity out of your IRA. When distributions are taken directly [...]

By |2022-08-08T10:41:38-08:00June 20, 2022|Individual|Comments Off on IRA charitable donations: An alternative to taxable required distributions

Valuable gifts to charity may require an appraisal

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. If you donate an item of property [...]

By |2022-08-08T10:41:24-08:00May 23, 2022|Individual|Comments Off on Valuable gifts to charity may require an appraisal

Are you ready for the 2021 gift tax return deadline?

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it [...]

By |2022-04-06T06:00:15-08:00April 6, 2022|Individual|Comments Off on Are you ready for the 2021 gift tax return deadline?
Go to Top