Due to the coronavirus tax filing extension, there's still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were…
Even though the tax filing season is well underway, there's still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if…
An individual retirement arrangement (IRA) is a personal retirement savings plan that offers specific tax benefits. In fact, IRAs are one of the most powerful retirement savings tools available to you. Even if you're contributing to a 401(k) or other…
Immediate and Long-Term Tax Planning Tips Over the last two years, we have seen many individual tax changes that may have reduced some deductions, increased others and dramatically changed your tax return. There are still a number of tax planning…
Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take…
If you converted a traditional IRA to a Roth IRA in 2017 and your Roth IRA has sustained losses, you may want to consider whether it makes sense to undo (recharacterize) your conversion. You have until October 15, 2018, to…
Filing deadline for most individuals: Tuesday, April 17, 2018 Monday, October 15, 2018, if you file for an automatic six-month extension by the original due date The federal income tax filing deadline for most individuals is Tuesday, April 17, 2018. That's because…
We are proud to be recognized by Expertise as one of Baltimore’s Top Financial Advisors! That’s no secret to our clients who have trusted in our fiduciary based services for 20 years. As we celebrate 20 years in business, we…
Refunds in 2018 Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund. The IRS expects more than four out of five tax returns will be…
Tax Filing Season Begins Jan. 29, Tax Returns Due April 17 The IRS will begin accepting tax returns on Jan. 29, 2018 with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will…