4 11, 2021

5 Investment Strategies That Can Lower Your Taxable Income

By |2021-11-04T13:03:23-07:00November 4th, 2021|Advisory, Tax|0 Comments

5 Investment Strategies That Can Lower Your Taxable Income If you consistently owe taxes each year, you may want to try using investments to lower your taxable income. These investments allow you to set aside funds in a way that will reduce the total amount of your income that the IRS can tax. In [...]

22 10, 2021

Taxation of Unemployment Benefits

By |2021-10-21T13:03:50-07:00October 22nd, 2021|Tax|0 Comments

Taxation of Unemployment Benefits With so many people receiving unemployment benefits during the past two years, many are concerned about the taxation of unemployment benefits. In this article, we will go over the basics regarding the taxation of unemployment benefits. What Is Taxable All the unemployment benefits you receive are includable in your gross [...]

2 12, 2020

Tax Identification Numbers

By |2020-12-28T12:11:54-07:00December 2nd, 2020|Tax|0 Comments

Tax Identification Numbers Tax identification numbers, or TINs, are numbers the IRS uses for tracking purposes. In this article, we will go over the basics of tax identification numbers and the different types you may need to use. The Basics TINs are nine-digit identification numbers the IRS uses. They are a way for the [...]

7 10, 2020

Tax Audit-Common Questions Answered

By |2021-10-18T21:32:08-07:00October 7th, 2020|Tax|0 Comments

Tax Audit-Common Questions Answered Tax audit-a phrase that strikes fear into most hearts. A tax audit is something we all want to avoid, but many are not prepared for what to expect. This article will answer some common questions about dealing with a tax audit. How Likely is a Tax Audit? This is one [...]

9 09, 2020

History of Taxes in the United States

By |2020-09-24T15:34:35-07:00September 9th, 2020|Tax|0 Comments

History of Taxes in the U.S. The history of taxes in the U.S. may be shorter than in other countries, but it is full of information. In this article, we will go over a condensed history of taxes in the U.S. and how the past affects us today. Early History of Taxes Before the [...]

8 07, 2020

Revocable Trust Taxes

By |2020-09-25T08:59:32-07:00July 8th, 2020|Tax|0 Comments

Revocable Trust Taxes Revocable trust taxes come into play after all parties that created the trust are deceased. Typically, during the lifetime of the grantors, there is not any special tax consideration. In this article, we will briefly go over revocable trust taxes and beneficiary taxation. Interest and Principal A trust fund is broken [...]

3 06, 2020

10 Common Forms Your Tax Preparer Needs

By |2020-09-25T09:59:32-07:00June 3rd, 2020|Tax|0 Comments

Common Forms Your Tax Preparer Needs Though everyone’s situation is different, there are generally 10 common forms your tax preparer needs to complete your taxes. Typically, it is best not to go meet with your preparer until you have all your forms. In this article, we will help you identify 10 common forms your [...]

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