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  • Are Taxes Fair? May 20, 2022
    The answer to that might surprise you.  Because, for the most part, the answer is yes.  However, sometimes they are only fair if you know how to “play the game”.  Most people think only the wealthy can avoid paying income tax because they know how to play the game.  Well, at a much lower level, everybody knows some of […]
  • Know the Tax Consequences of Your Stock Trading May 13, 2022
    Don’t let your stockbroker off the hook when it comes to tax planning.  Many people work with brokers when they buy and sell stocks.  Many people now, because of the internet, also have become their own stockbrokers, doing their own research and trading on various platforms.  Whether you use a professional or do your trades yourself, you still […]
  • Plan Now to Save Later May 6, 2022
    It’s May and the 2021-2022 tax filing season has finally come to an end (for most of us), and for many with a familiar recurring moooooan and grooooooan of having paid too much in taxes.  Now is the time to take your preventative medicine and avoid the pain next year! Being human, we all form […]
  • Did Your Withholdings and Estimated Tax Payments Equal Your Tax Due? Should It? April 29, 2022
    For people with just one or two W2s and perhaps a daycare deduction, getting the amount of tax paid into the IRS to come out correctly is easy enough and can be done within a 95% accuracy rate. The IRS gives the follow instruction: All taxpayers should review their federal withholding each year to make […]
  • Roth IRAs Are Often Misunderstood April 22, 2022
    When people save for retirement they almost automatically use accounts that avoid tax now.  IRAs, 401(k)s, 403(b)s, 457s, all pretax retirement savings plans.  Certainly, long term savings uninterrupted by withdrawals and the effect of compounding interest on interest earned is unarguably valuable, but doing that in pretax accounts is NOT the only way to have […]
  • Tax Deadline Day Really Only Means Tax Payment Day! April 15, 2022
    Some people have filed their tax return, received a refund and already spent it. Others have filed and paid and the “pain is over” for another year. But for many who have not filed and are looking at the calendar and saying “Oh, no!”, here are some tips. If you haven’t filed because of a […]

Are You Changing Your Behavior to Match the New Tax Rules in Effect Now?

Many people don’t really think about their taxes until the snow is flying and the first document arrives in the mail. Why would you, right? Year in and year out people often get into a set of habits around getting things together for their preparer. That`s usually not a bad thing, but in a year…
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