A recent court case (Hoang, U.S. Court of Appeals, 11th Circuit, May 6, 2014) illustrates that if a taxpayer cannot substantiate cost of securities (stocks, bonds, etc.) sold, then the cost basis is … [Read more...] about STOCKS HAVE ZERO COST BASIS
IRS Tax Planning Ideas, Tips & News
CERTIFICATES OF DEPOSIT (CD) IRA ROLLOVERS
Many senior citizens invest in certificates of deposits (CDs) as part of their retirement nest egg. When a CD matures in an IRA account, some seniors will search for the bank that is paying the … [Read more...] about CERTIFICATES OF DEPOSIT (CD) IRA ROLLOVERS
IS YOUR TAX PROFESSIONAL SITTING BY YOUR SIDE WHEN YOU ARE MAKING FINANCIAL DECISIONS?
Does this type of thinking apply to your individual financial decisions? Could you improve your decision-making to maximize your financial wealth and security? Can you learn from the mistakes of … [Read more...] about IS YOUR TAX PROFESSIONAL SITTING BY YOUR SIDE WHEN YOU ARE MAKING FINANCIAL DECISIONS?
PENALTY-FREE IRA WITHDRAWALS
Most individuals know that if they withdraw funds from their traditional individual retirement account (IRA) before reaching the age of 59 1/2, they are subject to a 10% penalty in addition to having … [Read more...] about PENALTY-FREE IRA WITHDRAWALS
How to Delay Required Minimum Distributions by 15 Years Until Age 85
Most taxpayers understand that they are required to take distributions (RMDs) from their IRAs when they reach age 70 ½. For retirees who did not need the RMDs to meet their budgetary needs, they … [Read more...] about How to Delay Required Minimum Distributions by 15 Years Until Age 85
TWO EMPLOYER HEALTH CARE STRATEGIES: DUMPING EMPLOYEES AND REDUCING HOURS WORKED
Many employers, as well as employees not covered by an employer plan, are looking at ways to curtail the cost of medical coverage. This post will briefly mention two cost-reduction plan ideas that … [Read more...] about TWO EMPLOYER HEALTH CARE STRATEGIES: DUMPING EMPLOYEES AND REDUCING HOURS WORKED
