Tax Planning

Roll Over 401(k) to IRA But Keep Your Job

Nov 11, 2018

Watch this video on YouTube If your employer offers a 401(k) or other retirement plan, contributing to that plan is a foundation of your retirement savings. However, as you approach retirement age, you might consider moving some of your retirement funds out of your...

Tax Avoidance and Tax Evasion Not the Same

Oct 8, 2018

Watch this video on YouTube Is a carefully executed plan to minimize income or estate taxes also a tax dodge, scheme, avoidance trick, or scam? It depends. I have seen all those words used by the media to describe both tax fraud and legitimate tax-reducing strategies....

Avoid Costly IRA Mistakes

Jul 16, 2018

Watch this video on YouTube Investing through an IRA is a foundational method of retirement saving. Opening and contributing to an individual retirement account is not hard. That doesn’t mean IRAs are simple and easy to understand. I was reminded of this at the...

Bundle Charitable Giving Through Donor Advised Fund

Jul 2, 2018

Watch this video on YouTube With changes to standard and itemized deductions under the new tax law, many CPA’s and tax attorneys are recommending a strategy of bunching or bundling deductible spending into alternate years. I wrote about this approach a few weeks...

To Reduce Taxes, Bunch Deductions Into Alternate Years

May 28, 2018

Watch this video on YouTube Want to save a bunch under the new federal income tax laws? Try bunching your deductions. The new tax law doubles the standard deduction and eliminates most miscellaneous deductions. It takes a lot more of the limited allowable deductions...

Real Impact of Tax Act is Reduced Corporate Rate

Jan 1, 2018

Watch this video on YouTube The Tax Cut and Jobs Act (TCJA) has generated a lot of media hype, much of which is coming from the extreme wings of both political parties and much of which is simply not true. Here is some perspective. First, when he signed the bill...