What is Tax Cost Basis on Investments?

When a capital asset is sold in a taxable account, any gain is subject to taxation and must be reported on an individual's tax return. To figure whether you need to report a gain or a loss, you need to know the tax cost basis.

Think Outside the "Cash" Box for Charitable Contributions

Giving cash is certainly the easiest way to fund your charitable inclinations. But for just a little more effort you could make that charitable donation do more for you. Here are a couple of popular strategies.

5 Tax-Loss Harvesting Tips

Though the markets have risen significantly this year, your investment portfolio may have a few lemons in it. By using the tax strategy of tax-loss harvesting, you may be able to turn those lemons into lemonade.
loss harvesting part your annual tax planning strategy. Remember

2017 Year-End Tax Planning Letter Posted

We have just posted the 2017 Year-End Tax Planning Letter on our website. Topics include 5 Strategies to Shrink Your Tax Bill, Plan Now for a Smooth Filing Experience, Early Roth Funding Can Make Your Child a Millionaire and More!
End Tax Planning Letter on our website. Here are the headline…End Tax Planning Letter

2017 Year-end Tax Checklist

As the year draws to a close, there are several tax-saving ideas you should consider. Use this checklist to make sure you do not miss an opportunity before the year is out.

Non-spousal Inherited IRAs - 3 Tips to Avoid Costly Tax Traps

While the death of a grandparent or a parent is very sad, if you do end up receiving an inherited IRA, do not just cash out the funds. It will cost you in income taxes if you do!

2018 Dollar Limitations on Retirement Plan Contributions

The limit on elective deferral for contributions to 401(k) plans, 403(b) plans, most 457 plans and the federal government's Thrift Savings Plan increased from $18,000 in 2017 to $18,500 for 2018.

Protect Yourself in a Divorce Settlement

There are a lot of emotions swirling around during divorce proceedings. We can help you protect yourself from financial missteps.

Health Savings Account Limits for 2018 - IRS Changes Mind Again

Inflation-adjusted limits for deductible contributions to health savings accounts for 2018 were recently announced. This was a result of the mandated new calculations of various inflation-adjusted amounts in the Tax Cut and Jobs Act.