Yesterday, we advised you to start preparing for your 2023 tax filing. Today, we’ll talk about deductions you can take that are not included on Schedule A, Itemized deductions. These are “above the line” deductions that are afforded you, even if you don’t itemiae.
Tag Archives: IRA
Money, money, money!
Oh, I know this pisses off the GOP something fierce.
But, then, again, they seem to have decided that logic no longer applies to their rhetoric.
Retirement Plans- stacked for the rich and for bribing Congress
I barely remember when IRA (Individual Retirement Accounts) came into being. That came about during my first year of marriage (1974)- and, was the first chink in the armor destroying the American pension system that obtained.
Continue reading Retirement Plans- stacked for the rich and for bribing Congress
Inherited IRA Gotcha
Attention clients! Attention those of you who inherited an IRA or 401(k)- even if you are not our clients! (sniff, sniff)
Sudden Death
I have had the opportunity to serve as trustee for a fair number of clients. Some of them, those that have substantial assets, often arrange for our services long before anyone has passed away. In these cases, we may (often) be involved in the construction of the trust and the goals of the trust when the principal has passed.
How To Pay For the Infrastructure Bill
So, I told you earlier that President Biden (and the Democratic Party) are considering a slew of new taxes to ensure that the Infrastructure Bills don’t accrue those bandied about $ 3.5 trillion expenditures.
The CARES Act Still cares!
So, the CARES act. All those little changes. Today, we’ll talk about a few we haven’t really discussed.
Making a list- checking it twice…
So, you have today off.
And, I am presuming you are of sound mind and body, having NOT gone overboard with your celebrations last night.
Rollovers are NOT transfers
You know that old joke about being your own lawyer means you have a fool as a client? Well, in this case, Alvan Bobrow proved that – and also made it worse for the rest of us.
Self Directed Investment Retirement Accounts (SDIRA)
I’ve long advocated the use of IRA’s to expand one’s business interests. The issue is that there is a VERY fine line dividing what can and cannot be done- in a legal sense.
Continue reading Self Directed Investment Retirement Accounts (SDIRA)