COVID-19 Distribution Tax Forms!!!
https://youtu.be/ecaoSh_7vXk If you took a COVID distribution from a retirement account, IRA, 401(K), in 2020, you will have to report it on your taxes. Here are the special tax forms that you will need to report your COVID distribution. DISCLOSURE: This is for...
The GameStop Surge: 5 Investment Lessons
https://youtu.be/byVWTKE2rSQ In this video, we will be explaining what is driving the price surge in GameStop, AMC, and other companies in the markets. More importantly there are 5 very important investment lessons that investors can learn from the recent...
At What Age Does A Child Have To File A Tax Return?
https://youtu.be/v1pEKijmiQo When your children begin working and they receive their first W2, the question from parents is often “Do they have to file a tax return?” In this video we will cover: At what age are you required to file a tax return The...
Will Moving From New York to Florida In Retirement Save You Taxes?
I am getting the question much more frequently from clients - "When I retire, does it make sense from a tax standpoint to change my residency from New York to Florida?". When I explain how the taxes work between New York and Florida, most people are...
When You Make Cash Gifts To Your Children, Who Pays The Tax?
A very common question that we frequently receive from clients is “If I want to make a cash gift to my kids, do I have to pay gift taxes?” The answer to that question depends on number of items such as: The amount of the gift Your lifetime exclusion limit...
The U.S. Government Debt Crisis Is Almost Here
https://youtu.be/aPKb0lcBlcg With the massive amount of money that has been printed by the U.S. Government this year, a U.S. government debt crisis is looming. In this video we will walk you through: • Probability that a debt crisis will occur • When the U.S....
How The COVID Second Wave Will Impact The Stock Market
As COVID-19 cases continue to rise in the United States, it has left investors wondering what impact this could have for the stock market in coming months. In this article we are going to review: Key Indicators To Track Impact of A Second Full Shutdown...
The Process of Selling A Business – Pitfalls To Avoid
For business owners, selling the business is often the single most important financial transaction in their lifetime. Since this is such an important event, we created a video series that will guide business owners through the selling process. Dave Wojeski, a partner...
Do I Have to Pay Tax When I Sell My House?
When you sell your primary residence, and meet certain requirements, you may be able to exclude all or a portion of your capital gain in the property from taxes. In this article, I am going to cover the $250,000 capital gains exclusion for single filers, and...
A CFP® Explains: Wills, Health Proxy, Power of Attorney, & Trusts
When we are constructing financial plans for clients, we inevitably get to the estate planning portion of the plan, and ask them “Do you have updated wills, a health proxy, and a power of attorney in place?” The most common responses that we receive are:...
