Planning matters

Why is There a Tax Form in My Mailbox?

It’s June. Your tax return was filed several months ago. You thought you were done dealing with taxes until next year. Then IRS Form 5498 shows up in your mailbox. Now what?

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Time to Test Your Tax Trivia!

Take a break from the tax preparation and participate in our tax trivia quiz!

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Tax in Divorce

Under the new Tax Cuts and Job Act (TCJA) rules which are in effect until 2025, the “above-the-line” deduction for alimony and separate maintenance payments was repealed, making these payments nontaxable to the recipient and therefore, non-deductible to the payee. Divorce instruments executed prior to 2019 are grandfathered and alimony under these agreements will follow…

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Time to Launch Your Tax Strategy

Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started: Start with your income Begin by determining how your income this year will compare to last year. Then apply any tax implications this income change…

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Tax Planning Time

It’s warm outside and chances are you’re thinking about your air conditioning more than taxes. But now is an ideal time to understand how changes to the tax law affect you. As your financial advisors, we have these changes on our radar and wanted to make sure you’re thinking about them too – in between sips of your cold lemonade, of course…

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