Nov 30, 2020 | Blog, Individual Taxes, Wealth
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important not to run afoul of the “wash sale” rule. IRS may disallow the loss Under this rule, if you sell stock or securities for a loss and buy...
Jan 9, 2020 | Blog, Individual Taxes, Tax Law, Wealth
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four changes....
May 10, 2019 | Blog, Community, Life, Our World, Wealth
One of the biggest challenges in the accounting and financial world is the existence of the unknown future. There is much about life we simply cannot control despite our best plans and predictions. Many outside factors either support or diminish our finances and...
Mar 11, 2019 | Blog, Individual Taxes, Tax Law, Wealth
Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the ISO grant date. If...
Feb 20, 2019 | Blog, Life, Tax Law, Taxes, Wealth
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft — and...
Nov 29, 2017 | Blog, Life, Our World, Wealth
Earlier this month we explored common beliefs about money that either limit or enlarge our horizons. Now let’s talk specifics, stating the obvious first! Compounding interest is the way to go for long-term wealth creation. Beyond your 401K though, you probably have...
