Four Things to Consider Now for the Upcoming Tax Season

It’s November already. How can that be possible? The more important question is what are you going to do about it? Although it seems like the last tax season just ended a few months ago, the next tax season is just a few weeks away. That means you should already be preparing for your inevitable tax return. So what can you do to start getting ready?
There are many different things to start thinking about if you’re looking to get started on tax preparation right now. One of those things is to consider a Roth IRA. It might be a good idea for some taxpayers to convert their traditional Roth IRA, which is filled with pre-tax money into an after-tax Roth IRA, because those profits can be withdrawn tax-free.
Another thing that could come into play a lot this year is how taxes will affect those in same-sex marriages. Anyone who has filed previous tax returns as a single because their relationship was not recognized in their state can now go back and file amended returns. If you fall into this category then start looking into those past returns now.
Last, but not least, another important item to consider is penalties from Obamacare. For those who did not have health insurance this year the fine has gone up considerably from last year. While it is too late to sign up for insurance for the last 10 months, you can file for a hardship exemption.
The bottom line is it’s time to get ready for taxes. Contact GROCO now for more help with your taxes for the upcoming season. We will get you ready. Click here or call 1-877-CPA-2006.
Igniting the Genius Withing – Prasad Kaipa, CEO Coach and Advisor
About Prasad Kaipa Prasad has been an advisor and coach focusing on innovation and leadership since 1990 for about 120 C-level executives in Global Fortune 500 companies. Prasad’s unique competence is in helping his clients find their next significant step and take it. He found that unless he helps clients to examine their signature…
Silicon Valley Executive Network | Brian Reynard
About Brian Reynard Brian Reynard is the CEO and Founder of the Silicon Valley Executive Network (SVEN). He is a silicon valley cxo program native and attended Santa Clara University where he received his Undergraduate and Graduate degrees. In 2007 be founded the Silicon Valley Executive Network, an organization focused on bringing together CXO/VP Tech…
Star Valley Wyoming Trout Ranch | Scott Carlisle
About Scott Carlisle In his early years Scott Carlisle visited a small fishery to see where the fish on his father’s ranch was coming from. He fell in love with the place and tried to find employment there. After being denied work there he went home and told his wife that one day he…
Joke Videos
Joke Videos Insanity So, you’re saying it’s ok. Insanity, is a side-effect of tax law. Accounting Classes I tried taking a course on ethics for my CPE credits, but everything contridicted what I learned in my accounting classes. Feelings So, you’re saying that I should own my feelings… but my accountant said that it would…