This category contains 9 posts

Understanding the Net Investment Income Tax

If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax). This 3.8% Medicare tax applies to some or all of your net investment income if your modified adjusted gross income (MAGI) exceeds certain … Continue reading

2017 Tax Rates and Information

2017 Tax Rates and Information including: Important Dates, Tax Brackets, Standard Deductions and Personal Exemptions, Alternative Minimum Tax Exemptions, Qualified Dividends and Long-Term Capital Gains, Net Investment Tax (ACA) Thresholds, Education Deductions and Credits, Estate Tax Rates and Exclusions, Retirement Plan Contribution Limits, Medicare Costs, Social Security Taxable Benefits. Request: Introductory Phone Call With Barnhart … Continue reading

Barron’s: Tax Tips for the Trump Plan

This week’s Barron’s magazine published an interview with Robert Willlens titled Advice From Wall Street’s Go-To Tax Man. Writer Andrew Barry describes Mr. Willens as “one of Wall Street’s leading tax and, financial-accounting experts. When hedge funds and other investors want advice on whether companies such as Yahoo! and Liberty Media can use the complex … Continue reading

2016 Tax Law Guide

A GUIDE TO 2016 TAX LAW CHANGES (AND MORE) As late as December, 2016 was shaping up to be a fairly uneventful year for federal tax law changes …   Then Congress passed the Protecting Americans from Tax Hikes Act (PATH). When PATH became law late last year, a host of expiring federal tax provisions … Continue reading

Using CRUTs & CRATs to Sell Your Business Interest

These estate planning tools may also help in exit planning. (content for this post provided by third party)    Discover a pair of underappreciated exit planning vehicles. Charitable remainder unit trusts (CRUTs) and charitable remainder annuity trusts (CRATs) are commonly seen as estate planning tools. What frequently goes unseen is their value in exit planning … Continue reading

2015 IRA Deadlines Are Approaching

(content for this post provided by third party vendor)   Here is what you need to know.   Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines.   *April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional … Continue reading

Tax Law Changes for 2015

(content for this post provided by third party vendor)   Every year brings a bit of change to federal tax laws. Some years bring much more change than that. In 2015, we have many changes and cost-of-living adjustments worth noting.   How soon can taxpayers file? Tax season will start on January 20, right on … Continue reading

Tax Gain Harvesting?

In an earlier post, I discussed the potential drawbacks of the annual investor rite of passage know as Tax Loss Harvesting. I am sure many people would politely disagree with such thinking.  That same group of people would thus surely think I have completely lost my mind when I suggest the next topic:  The idea … Continue reading

A Second Opinion on Tax Loss Harvesting

General investment wisdom holds that the fourth quarter is the time to start looking at realizing investment losses, so as to offset realized gains in an effort to lower the current year tax burden. The problem with this practice is that it is possible to actually increase your long term tax burden by engaging in … Continue reading

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