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Your Tax Picture Has Changed. How About Your Financial Strategy?

Last year, we had some major changes in the tax laws. As a result, many expenses that were deductible in prior years – like state taxes, mortgage interest, and professional expenses – are now totally eliminated or only partially deductible. So here’s an important question. Given those significant changes, have you given a once-over to […]

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Understanding Your Taxes: Just What Is Form 5498 And What Am I Supposed To Do With It?

Some of our clients have been calling with questions about Form 5498, a tax reporting form they recently received in the mail. If you’re the kind of person who likes to understand how things work, or are curious as to why you’re receiving this form long after the tax deadline, here’s the inside scoop: Does everyone […]

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Building Up A Better Tax-Free Nest Egg For Retirement

Tired of taxes? Can’t blame you. But sometimes it pays to start thinking ahead about successful strategies we can discuss before year-end to save you on your future tax bill, and help you beef up retirement assets you can access totally tax-free for years to come. What we’re talking about is getting more money into a Roth IRA account for […]

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Don’t Be Late For A Very Important Date!

Don’t forget that your personal tax return is due Monday, April 15. If you don’t have time to get your tax information together, not a problem. Just make sure you or your tax preparer files an extension giving you more time to get it done. Your tax payments are still due on the 15th, even […]

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What’s Behind The Tidal Wave Of Tax Form Corrections?

You were feeling so relieved. Your taxes were finally done and sent off to the IRS. But that feeling of relief lasted only a short minute, as soon as you returned home and found yet another corrected tax form waiting for you in your mailbox. Is there anything more aggravating? We can assure you that absolutely […]

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Are You Getting Your Tax Money’s Worth In Florida?

Hate to pay taxes? Don’t we all. But wouldn’t you feel better knowing you and your community get the most in benefits compared to what you pay in? In WalletHub’s new Taxpayer Survey, researchers say Florida residents top almost all other states in getting their tax money’s worth back in benefits. In fact, compared to other states, […]

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Don’t Overpay The IRS When Making Charitable Gifts

The one thing people never want to do is overpay Uncle Sam when they file their taxes. Unfortunately, that’s easy to do if you’re reporting charitable gifts made from your IRA (that’s a technique called a QCD or Qualified Charitable Distribution). We have several clients who used this technique last year as a way to […]

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Retiring? Know Where Your State Ranks On Taxes Before You Relocate

Does it really matter where you live in retirement? People have all kinds of motivations for relocating – or staying put – in retirement. You may wish to live near the kids and grandkids, relax in the sun, or relocate to that hassle-free condo right in the middle of all the urban action. But before […]

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Clients, Make Tax Time Easier With Our 1099 Service

For many clients, tax time can be a confusing tangle of documents, 1099s, and statements. Just when you think you’re done, you open your mailbox to find even more corrected documents! We understand the frustrations, so let us help make the process a little bit easier for you. With your authorization, we can safely forward all […]

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Gov’t Shutdown? Quarterly Tax Payments Still Due January 15, 2019

Not everyone pays quarterly tax estimates, but if you do, make a note that the final tax payment deadline is not too far away. The next quarterly tax deadline is Thursday, January 15, 2019. That’s when the fourth and last estimated payment for the 2018 tax year is due. (Previous quarterly payments were due April 17, […]

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