Hard-to-Value IRAs: Proceed with Caution

A new year begins with celebrations, resolutions, and dual IRA opportunities. Most workers and their spouses have until April 18, 2017 (April 19 in some states), to contribute to an IRA for 2016. At the same time, contributions to 2017 IRAs are now permitted; the earlier money goes into the account, the more time for […]

2017 Tax Calendar

The 2017 tax filing season is quickly approaching and recent changes in legislation have resulted in adjustments to a few of the usual deadlines. Below you will find an overview of important dates for the different entities and the forms necessary for filing. Please keep these in mind as you begin to work with your Tax Preparer. […]

Estimated Taxes for Business Owners

April 1 may be April Fool’s Day, but in 2017, April 18 might be considered April’s cruel day. Not only do you have to pay any income tax due for the previous year, you also may have to make an estimated tax payment for the current year. A poor estimate might result in either an […]

Juggling Appreciated Assets and Bequests

During your lifetime, donating appreciated assets to charity can make sense. As long as you have held those assets for more than one year, you’ll get a deduction for the assets’ current value. The paper gain will avoid income tax. Example 1: Ava Fitzgerald wants to donate $10,000 to her favorite charity this year. Instead […]

Learning About Mutual Fund Share Classes

Although some mutual funds are “no load,” meaning that there is no sales charge, others are load funds, with some type of sales charge. Many load funds have multiple share classes, with various compensation arrangements. If you’re buying a fund that has more than one share class, you should know which is best for your […]