by PTF | Aug 29, 2021 | Individuals, Planning Services, Resource
Here’s how to take a page from the ultra-wealthy playbook and make full use of Roth Individual Retirement Accounts We’ve all heard the term “the rich get richer.” According to a report released from ProPublica, it turns out that one of the ways that truism is...
by PTF | Aug 17, 2021 | Individuals, Planning Services, Tax Preparation
Contemplating Refinancing Your Home Mortgage? Things You Should Consider Article Highlights: Is It Appropriate to Refinance Your Home Loan? Refinance Costs Interest Rates Credit Score Borrowing Additional Cash Loan Term Itemizing Deductions With home mortgage rates...
by PTF | Aug 13, 2021 | Planning Services, Financial Management, Individuals
Back-Door Roth IRAs Article Highlights: Roth IRA Contribution Limitations Converting a Traditional IRA to a Roth IRA Circumventing the Limitations Back-Door Roth IRAs Pitfalls of a Back-Door Roth IRA The “All IRAs Are One” Rule Many individuals who are saving for...
by PTF | Aug 7, 2021 | Business Services, Articles, Individuals
The Treasury Green Book of Biden Proposed Tax Changes Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or...
by PTF | Aug 2, 2021 | Tax Representation, Individuals
Did You Get a Letter from the IRS? Don’t Panic. Article Highlights: IRS Notices CP Series Notice Automated Notices Frequent Errors ID Theft Penalties and Interest What You Should Do What We Will Do Now that most tax refunds are deposited directly into taxpayers’ bank...
by PTF | Jul 28, 2021 | Individuals, Business Services
August 2021 Individual Due Dates August 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your...
Recent Comments