by Ramdas | Jan 6, 2023 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Secure Act 2.0 has officially become a law. The Act has some serious consequences for retirement accounts. Below are some key takeaways: Change in RMD Age: The Secure Act of 2019 previously changed the required minimum distribution age from 70 ½ to 72. Secure Act 2.0...
by Ramdas | May 17, 2022 | Financial Planning, Individuals Articles, Tax Articles, Tax Tuesday
In November of 2021, the IRS released Chief Counsel Advice (CCA) 202151005 discussing rental activities and if self-employment tax should be calculated. CCAs can be thought of as discussions the IRS have internally to state their views on certain items. They are not...
by Ramdas | Apr 12, 2022 | Individuals Articles, Tax Articles, Tax Tuesday, Withholding
The tax deadline is 6 days away (April 18). Did you get a surprise when finding out the results of your tax return for the year? Did you owe money? Was this something you weren’t expecting? One of the causes could be your tax withholding from your paycheck. ...
by Ramdas | Mar 8, 2022 | Individuals Articles, Tax Articles, Tax Tuesday
Recently, the IRS released an article talking about the 2022 tax season. In this article they covered several different topics which we will touch on a few here. First off, they have stated they are still processing 2020 returns. The article discusses several...
by Ramdas | Feb 8, 2022 | Child Tax Credit, Individuals Articles, Tax Articles, Tax Tuesday
Divorce and Taxes Going through a divorce is difficult and the last thing you want to think about is taxes, but it is important to have taxes mapped out in the divorce decree. Below are some items to consider when finalizing the decree. Who will claim the children?...
by Ramdas | Jan 31, 2022 | Finance Friday, Individuals Articles, insurance, Tax Articles
When you purchase a home, it’s a requirement by mortgage companies to have Homeowner’s Insurance. Most people find themselves shopping policies at renewal time to see if they can save money. While saving money is always a good thing, you also don’t want to find...
