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IRS Has Special Tax Warning for Retirees
IRS Has Special Tax Warning for Retirees The warnings are out there. Are you paying attention? If you’re a retiree then you better listen up. All year long the nation’s top tax agency has been encouraging taxpayers to check their W-4s, and update them if necessary, to ensure they have the proper withholding amount. The…
How Can Your Property Taxes Help You in Retirement?
How Can Your Property Taxes Help You in Retirement? The warnings are out there. Are you paying attention? If you’re a retiree then you better listen up. All year long the nation’s top tax agency has been encouraging taxpayers to check their W-4s, and update them if necessary, to ensure they have the proper withholding…
Are You Taking Advantage of These Legal tax Shelters?
Are You Taking Advantage of These Legal tax Shelters? Legal Tax Shelters The term “tax shelter” usually conjures up ideas or illegal activity. Like images of extremely wealthy individuals shipping their money overseas to hidden bank accounts, never to be discovered by U.S. tax officials. Not all tax shelters are shady. In fact, some tax…
Four Vital Traits of Great Leadership
Four Vital Traits of Great Leadership Anyone who holds a position of management, or has manager in his or her title is a leader by definition. However, not all managers are good leaders. The workplace is full of lousy managers. It takes great skills and a conscious effort to be a good leader. These following…
Key Skills for Successful Leadership
Key Skills for Successful Leadership Do you have the right skills to become a successful leader? Leadership skills vary greatly. Some leaders believe that the most important thing is to set high standards and then push for the greatest results. Other leaders prefer the idea of building a fun work culture in which everyone is…
Will the Higher Standard Deduction Really Pay Off at Tax Time?
Will the Higher Standard Deduction Really Pay Off at Tax Time? One of the biggest changes created by the Tax Cut and Jobs Act is the increase in the Standard Deduction. Essentially the standard deduction doubled for all types of filers. In 2017, if you were a single filer (or married filing separately) your standard…
What’s Really Costing American Corporations?
What’s Really Costing American Corporations? The state of American business is always in flux. The economy is generally trending upward and right now many large corporations are enjoying success. Of course, not everything is perfect. There is always room for improvement. So what are the keys to even greater success? One of the biggest obstacles…
IRS Has Good News for Real Estate Brokers
IRS Has Good News for Real Estate Brokers If you’re a real estate broker then you might be in for some very good news from the IRS. Yes, it’s rare that the IRS has good news for anyone. However, in this case, the news really is good, as long as you meet the requirements. The…
Consider the Taxes if You’re Buying in the Big Apple
Consider the Taxes if You’re Buying in the Big Apple The draw of the Big Apple: there’s nothing quite like it. There’s just something magical about the bright lights of New York City. But, unless you’re prepared to pay for it, then the city so nice they named it twice could be just a dream.…
Don’t Make These Costly Tax Mistakes
Don’t Make These Costly Tax Mistakes Everyone works to get paid. Money is important, no matter what you use it for. If you’re like most people you prefer to use your money how you want. That means you want to give as little money to the government as possible. Paying taxes is our civil duty…
These Tax Planning Tips Could Save You Big in Retirement
These Tax Planning Tips Could Save You Big in Retirement Is retirement on your radar? If it is then planning for taxes in retirement should be, too. Retirement often presents unexpected financial challenges. That’s why it’s so important to plan ahead. There are many steps to take when planning for retirement. Meeting with an experienced…
Leader or Manager – Which One Are You?
Leader or Manager – Which One Are You? Are you a great leader or just a manager? While your title may include “manager” that doesn’t automatically make you a leader. Likewise, being a manager doesn’t mean you can’t be a leader, as well. Some people might think the words leader and manager are interchangeable, but…
When Should I Convert From a Traditional to a Roth?
When Should I Convert From a Traditional to a Roth? If you own a traditional IRA then chances are you’ve considered converting it to a Roth IRA. At the very least, you’ve heard about this option and wondered if it’s right for you. Both types of IRAs are good. A traditional IRA is a way…
Why Doesn’t the Government Tax the Wealthy to Fund SS?
Why Doesn’t the Government Tax the Wealthy to Fund SS? The demise of Social Security is coming. In fact, it looks like it’s getting closer and closer every day. For almost eighty years retired workers have been collecting monthly Social Security checks. What started as a program to help low income individuals for a few…
Try These Strategies to Simplify Taxes in Retirement
Try These Strategies to Simplify Taxes in Retirement It might be coming up in a year or two, or maybe you’re still 20 years out, but retirement is coming at some point. There’s a lot to plan for when it comes to retirement, and taxes are one of the big ones. That’s the bad news.…
How to Be a Conscious Leader
How to Be a Conscious Leader What does it mean to be a conscious leader? To be conscious is to be aware, or mindful, of one’s surroundings and responding to them. Thus, conscious leaders know what’s going on with the team and the department they lead. They are aware of their teams’ needs. They take…
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement?
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement? There are several ways to save for retirement. The most obvious path is to start an individual retirement account (IRA) or 401(k) and begin saving money every time you earn a paycheck. However, there are other effective ways to save for retirement.…
Is Your Withholding Setting You Up for a Painful Surprise?
Is Your Withholding Setting You Up for a Painful Surprise? It might still feel like tax time is a long ways away. But there is a very important step that everyone who receives a paycheck should take, right now. If you haven’t looked at your tax-withholding amount lately, then you really can’t afford to put…
Finally Some Good News Regarding Taxpayers’ Refunds
Finally Some Good News Regarding Taxpayers’ Refunds Remember the outcry about smaller tax refunds during the first few weeks of the tax season? Numerous reports detailed how so many taxpayers were shocked and upset about the size of their refunds. Even worse, some taxpayers were getting an additional tax bill. The complaints against President Trump’s…
Which Factors Play the Greatest Role in Determining Wealth?
Which Factors Play the Greatest Role in Determining Wealth? By Alan Olsen For most people, becoming rich is just a dream. Most people simply hope or wish to become wealthy, but never actually achieve this dream. If given the chance, everyone would choose to be wealthy, right? Who’s going to turn down huge amounts of…