Tax Tips for Individuals and Business Owners

Tax Tips for Individuals and Business Owners Tax planning & preparation for businesses and individuals with real estate, stock options, crypto currencies, NFTs, RMDs, complex investments, 1031 Exchange

Considerations for Roth conversions updated for the OBBB tax bill.
08/22/2025

Considerations for Roth conversions updated for the OBBB tax bill.

The tax-and-spending legislation enacted in July has tax breaks for some savers but makes an already-complex process trickier.

The new Baby Accounts are complex.
07/15/2025

The new Baby Accounts are complex.

The details of these IRAs for babies changed significantly as they moved through Congress.

It’s time to think about Roth conversions.
11/09/2024

It’s time to think about Roth conversions.

How Seniors Can Do Smart Roth IRA Conversions

If you’re over 60 , you’ll be able to save even more into your 401k starting in 2025.
11/02/2024

If you’re over 60 , you’ll be able to save even more into your 401k starting in 2025.

A new super catch-up rule, where older workers between 60 and 63 will be allowed to make a larger contribution of up to $11,250, is part of the inflation adjustments to retirement account limits announced Friday.

Taxation rules for gig income.
11/02/2024

Taxation rules for gig income.

This change in reporting requirements will require third-party payment apps to send the IRS a 1099-K for earnings over $5,000 in 2024.Did you work a side hustle or freelance gig this year and get paid through PayPal, Venmo, Cash App or another third-party payment app? If so, you may have new rules t...

2024 tax saving strategies. The time is now.
10/25/2024

2024 tax saving strategies. The time is now.

The end of the year is weeks away. To improve your tax picture for 2024, act now.

Watch out for Backdoor Roth pitfalls.
05/03/2024

Watch out for Backdoor Roth pitfalls.

The backdoor Roth IRA is a legal way around income limits.

Capital gains can be your friend. What the 2024 Capital-Gains Tax Brackets Mean for Your Investments
01/09/2024

Capital gains can be your friend. What the 2024 Capital-Gains Tax Brackets Mean for Your Investments

How capital-gains tax rates work, depending on your income.

Watch out for the WA capital gains tax.
11/25/2023

Watch out for the WA capital gains tax.

In a significant milestone for Washington state, the newly implemented capital gains tax has yielded impressive results, collecting close to $900 million in its inaugural year, as reported by the …

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