Apr 6, 2015 | Blog, Investments, News, Tax Planning
The Nasty Tax Here we are, 2 years after getting rooked with a 5 dimensional tax system, and many people are still unaware of the Nasty Tax: 3.8% Net Investment Income Tax (NIIT). I think the IRS used Wal-Mart pricing strategy with 8’s when they derived the number so...
Apr 12, 2014 | Blog, News, Tax Planning
Tax Planning to Avoid ATRA-phy The American Taxpayer Relief Act. Brought to you by the same people who ushered in Super PACs guised as “campaign finance reform” and unleashed the Orwellian flood by calling it “The Patriot Act”. The relief is comes in the form of 20%...
Nov 19, 2013 | 401k, Blog, IRA, News, Retirement Planning, Self-Employed, Tax Planning
Don’t Forget Your Contributions If you turned 50 this year you are entitled to a catch up contribution of $5,500 for your 401(k). It is not too late to catch up for 2013. Also, anyone with compensation can contribute to an IRA. It’s the deductibility of the IRA...
Nov 19, 2013 | Blog, Charitable Giving, IRA, Retirement Planning, Tax Planning
Yes, but you need to be over 70-1/2 and do it before the end of the year. If you don’t need the income and have charitable contributions to make, don’t overlook this great way to kill two birds with one stone, called a Qualified Charitable Distribution (QCD). The...
