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• Tax Planning in Down Markets February 28, 2020
  Well, investors aren’t going to have a very good weekend.  Many are losing net worth, and fear of the real economic effects of a major national or international event, such as the looming possibility of a coronavirus pandemic, is not a topic that anyone likes to deal with.  We have seen these kinds of events […]
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• Tax Code Changes for the 70 Plus Crowd! February 20, 2020
  A lot of things have changed in the last two years when it comes to tax rules.  Every year, the IRS tweaks things a little.  Since Trump has been in office, there have been some substantial changes to things that people have been use to for many years.  Old habits die hard, so some of […]
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• The First Major Deadline of the Tax Season is Looming! February 14, 2020
  Many people think of the IRS filing deadline as April 15th.  Simple right?  In fact, there are deadlines all year long, something different every month.  IRS Publication 509 has the outlines, if you want a quick search to look something up.  If you are in certain industries, you likely know you have different deadlines; like […]
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• The Light Bulb Moment February 6, 2020
  Ever had a “light bulb” moment?  I have been driving for many years.  I’ve driven at least a million miles and I own a few cars (I collect certain types), and when driving my spouse’s car or one from the collection that I haven’t driven in a while, inevitably it’s time to gas up.  I […]
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• They Zig, We Zag. January 31, 2020
  People who are worried about the 10 year rule, requiring beneficiaries of inherited IRAs to withdraw the entire balance within 10 years, can double that time with a CRT beneficiary in front of inheritors.  What if you really have a big IRA and the 10 year rule just isn’t enough of a stretch to help […]
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• Sometimes It’s the Little Things That Come Back to Bite You January 24, 2020
  Since they are only done once a year, the little things regarding the tax code are often overlooked or forgotten.  In some cases, this can lead to unintended penalties and fines.  As a sole proprietor, it’s not enough to just include a Schedule C on your personal tax return.  Before January 31st, you must remember to […]
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