It’s Always Tax-Loss Harvesting Season

From: www.wealthmanagement.com

Many investors implement a year-end tax-loss harvesting strategy with their municipal bond portfolio. Limiting loss harvesting to year-end, however, reduces its benefits. It may be time to implement a managed year-round tax-loss harvesting strategy instead.

Investors occasionally look to their municipal bond portfolio for loss-harvesting opportunities that reduce the impact of capital gains taxes on portfolio returns. All too often, this occurs only toward year-end….

Recently Proposed Changes to Federal Estate and Gift Tax Laws

From: retirement.tips

Although most of the action taken by the new presidential administration has centered around getting a handle on the COVID-19 pandemic and stabilizing the economy, Congress may soon have a new focus: tax reform.

Recently, Senator Bernie Sanders proposed major changes to federal estate and gift tax laws. Many tax experts agree that changes…

The Road to a Tax-Savvy Retirement

A webinar by REAP’s David H. Morgan, MSFS, CFF, RMA, CEP®. Learn more about David here.

In this webinar learn how to protect your retirement from the IRS and avoid running out of money (even if you only have $250,000 saved). Including:

5 Tax Considerations to Keep in Mind

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

A new year brings new considerations for tax season.

What has changed since last year? What are a few things people often forget about or overlook?

While we still have time to get organized, here are a few details to keep in mind as you prepare to file this year.

Getting started. Gathering essential documents, such as 1099 forms,…

How The Best-Kept Secret Of The US Tax Code Can Help You Save For Retirement

From: www.forbes.com

This month I was lucky enough to sit down with Jean Chatzky, CEO of HerMoney, to talk about what may be the best-kept secret when it comes to saving money on taxes: Health Savings Accounts.

Why is it a secret? Well, it’s technically not. But, the benefits of this account…

David H. Morgan joins The Daily Two to talk about the ins and outs of tax preparation:

Eaton Vance Parametric Tax-Equivalent Yield Calculator

Your investment decisions. Your tax consequences.

Due to differences in tax treatment, municipal bonds that provide federally tax-exempt interest income typically yield less than taxable bonds. For the same reason, municipal bonds whose interest is exempt from state and local income tax may yield less than municipal bonds whose interest is taxed in a particular jurisdiction. When considering potential investments in different types of bonds, you should evaluate yields on…

Congress Suspends Required Minimum Distributions For 401(k)s And IRAs For 2020, Opening Window To Tax Savings

From: www.forbes.com

The bipartisan COVID-19 stimulus bill just signed by President Trump includes welcome tax relief for retirees: The required minimum distribution rules for Individual Retirement Accounts and 401(k)s are waived for 2020. That means that instead of taking money out this year, retirees can keep their investments…

These tax moves are most likely to trigger an audit

From: www.aol.com

We all want to keep as much money in our pockets as possible, but it’s also important to know where to draw the line when it comes to pursuing deductions and other efforts that might lower your annual tax burden. Keep in mind that certain deductions and other information on a tax return…

Drafting Income Tax-Sensitive Trusts

From: Blase & Associates, LLC

The disparate federal income tax treatment between trusts and individuals, that has existed since 1986, has grown even more pronounced than it was prior to the passage of the 2017 and 2019 year-end tax laws. This article will examine the problems which currently face us and will propose solutions to these problems.

Part I: Impact of the 2017 Year-End Tax Changes

As a result of the…