Category Archives: Individual Tax

INDIVIDUAL TAX PLANNING June 2020

I WON’T KID YOU! Raising children is expensive! You cannot afford to overlook tax breaks. Here are some of my favorites. There are $2,000 and $500 child credits. There is a child-care credit for up to $600 per child up … Continue reading

Posted in Individual Tax, What's New?

The Tax WISard’s Thoughts for Investment Advisors June 2020

Taxpayers pay unnecessary taxes every year because they are ignorant of the tax laws. For example, a tax return client bragged to me about over $50,000 in dividends, all foreign companies. That client paid TWICE as much tax as he … Continue reading

Posted in Business Law, Taxes, Individual Tax, Real estate, investing

REAL ESTATE, INVESTMENTS Sept. 2019

Rental Real Estate Tax Strategies – more advanced Real estate rental properties can be a fine tax shelter and a satisfying way to build retirement income if you know what you are doing. However, watch out for the complexities. The … Continue reading

Posted in Business Law, Taxes, Individual Tax, Real estate, investing

INDIVIDUAL TAX PLANNING Sept. 2019

ConquerTax Reform Headaches! As a result of Tax Reform, most of my clients had surprises on their 2018 tax returns. The best way to avoid surprises in 2019 is to understand and take control of your tax situation. You have … Continue reading

Posted in Individual Tax

Individual Tax Reform Headaches June ’19

Unexpected Refunds Or Taxes Due? Many of my clients ended up with unexpected refunds or taxes due for 2018. Consequently, they made poor decisions during 2018 based on having or not having those funds. It is clear that the withholding … Continue reading

Posted in Business Law, Taxes, Individual Tax

Who should prepare your taxes? June 2020

Were you afraid to prepare your return this year? Who do you trust to prepare your taxes? Can you trust the IRS? No! Recently the Taxpayer Advocate Service called the IRS toll-free helpline regarding the dependency exemptions and all the … Continue reading

Posted in Business Law, Taxes, Individual Tax

Individual Tax Savers, Oct.’18

Are you throwing away tax savings? I bet you are. There is a saying about taxes: “You don’t know what you don’t know.” Most clients miss tax benefits, so I pay for myself. How? I spend thousands of dollars on … Continue reading

Posted in Individual Tax

Individual Tax Planning, Sept 2018

Are you throwing away tax savings? I bet you are. There is a saying about taxes: “You don’t know what you don’t know.” Most taxpayers miss thousands of dollars in tax benefits and I find them, so I pay for … Continue reading

Posted in Individual Tax, Uncategorized

INDIVIDUAL TAX PLANNING May 2018

Tax Reform – Trick or Treat Tax Reform is going to help most of my clients, but it is also going to have unexpected consequences for most everybody. To make taxes “easy and effective” for my clients I included a … Continue reading

Posted in Individual Tax, What's New?

How does Tax Reform affect you in 2018?

a short summary of the 2018 tax law after Tax Reform Continue reading

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