Archive for taxes

CRYPTOCURRENCY

| September 8, 2021 | 0 Comments

The development of Bitcoin and numerous other cryptocurrencies within the last ten years has changed the definition of money through-out the world. This currency is still a NEW way of investing for most of us. Advocates of these currencies are hoping they will become a universal currency to be used through-out the world in the […]

NEW AND UPDATED TAX LAWS FOR 2021

| September 7, 2021 | 0 Comments

Now is the time to review your tax situation for this year. Will you be able to take advantage of the updated laws to date and/or get more money for tax credits in 2021? UNDER NEW AND UPDATED TAX LAWS FOR 2021: A charitable contribution is available for those using the standard deduction up to […]

HOW TO PRESERVE YOUR RMD BALANCE

| June 9, 2021 | 0 Comments

We have all heard the statement “DON’T TOUCH THE PRINCIPLE”. If you need to withdraw a Required Minimum Distribution (RDM) and the entire amount is not needed at the present time, my suggestion is to transfer the funds AFTER tax to another investment account. When transferring instead of withdrawing the ENTIRE distribution you can save […]

YES, THE SEASON HAS BEGUN

| January 25, 2021 | 0 Comments

Ti’s the season for tax returns. Most of us have experienced unusual social conditions this past year. One thing has NOT changed. As of today our returns will be due April 15th THIS YEAR. This date may change since I am not aloud to e-file until February 2. The IRS is far behind in their […]