by John Boyle, CFP®, EA, CTC, CEPA | Jan 21, 2020 | Education Planning, Estate Planning, Investment Planning, Retirement Planning, Tax Planning
As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, enacted on December 20, you will find the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE...
by John Boyle, CFP®, EA, CTC, CEPA | Dec 13, 2019 | Investment Planning, Tax Planning
The IRS recently issued new cryptocurrency guidance and is hot on your trail if you bought and sold cryptocurrency and didn’t report it on your tax return. Here are the tax basics. You’ll treat cryptocurrency as property for tax purposes....
by John Boyle, CFP®, EA, CTC, CEPA | Dec 7, 2019 | Tax Planning
The goal of this strategy is to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are five powerful...
by John Boyle, CFP®, EA, CTC, CEPA | Nov 12, 2019 | Business Planning, Insurance Planning, Investment Planning, Retirement Planning, Tax Planning
When you get busy with your business, it’s easy to forget about your retirement accounts and medical coverages and plans. But year-end is approaching and now is the time to take action. Here are the six strategies that you can implement before the end of the year....
by John Boyle, CFP®, EA, CTC, CEPA | Oct 4, 2019 | Estate Planning, Investment Planning, Retirement Planning, Tax Planning
Once you turn age 70 1/2, the tax code mandates that you withdraw a tax code–defined required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution with a qualified charitable distribution (QCD), you can eliminate the RMD...
by John Boyle, CFP®, EA, CTC, CEPA | Mar 11, 2019 | Business Planning, Insurance Planning, Tax Planning
Premiums for Medicare health insurance can add up to a substantial sum. That’s especially true if … you have a high income, and you’re married and both you and your spouse are paying premiums. Fortunately, the premiums can potentially help your tax...
