Cornerstone Financial Advisory

MARCH 18, 2024

You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help. If your total net capital loss is more than the limit you can deduct, you can carry it over to next year’s tax return.

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Marketing Marketing Taxes Economics 90

Cornerstone Financial Advisory

AUGUST 7, 2023

government debt by a major credit rating agency due to its belief in expected fiscal deterioration over the next three years. ” – Desmond Tutu Add Social Security Numbers Of Your Dependents On Your Return On your tax return, add the Social Security Numbers for your children and other dependents.

Marketing 92

Marketing Marketing Medicine Taxes 92

Cornerstone Financial Advisory

OCTOBER 23, 2023

This Week: Companies Reporting Earnings Tuesday: Microsoft Corporation (MSFT), General Electric Company (GE), Verizon Communications, Inc. (VZ), Lastly, it’s important to remember to pay the correct taxes on this income throughout the year to manage owing additional taxes when you file. VZ), Alphabet, Inc.

Marketing 88

Marketing Marketing Taxes Economics 88

Cornerstone Financial Advisory

NOVEMBER 6, 2023

There’s no better time to check your withholding status and make sure your paycheck accurately reflects the taxes you should be paying. These expenses can also impact your tax liability. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

Marketing 101

Marketing Marketing Taxes Economics 101

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review achen Mon, 09/12/2016 - 06:00 A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. Of course this is not the first time that a change in the law has spurred action.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review. A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. We undertook productive planning in 2012 when it appeared that gift and estate tax exemptions were about to shrink.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Cornerstone Financial Advisory

APRIL 29, 2024

.” – Ambrose Bierce IRS Program Helps Seniors Prepare Taxes The IRS has a Free File tool, which facilitates online tax preparation, direct deposits of refunds, and electronic filing choices, designed for taxpayers on a fixed budget, including seniors and retirees. Free File has most of the necessary forms when filing your taxes.

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

DECEMBER 11, 2023

. “The whole fun of living is trying to make something better” – Charles Kettering Tax Tips For Children Or Grandchildren With Part-Time Job Many of us have kids or grandkids who work part-time. If they are self-employed, however, they may be responsible for paying these taxes directly to the IRS.

Marketing 87

Marketing Marketing Taxes Economics 87

Cornerstone Financial Advisory

JANUARY 29, 2024

” – Albert Einstein Couples Who Work Together, Tax Together As more households decide to start a business, many couples learn about the tax responsibilities related to such businesses. These relationships involve different tax situations. We suggest you discuss your specific tax issues with a qualified tax professional.

Marketing 86

Marketing Marketing Economics Taxes 86

Cornerstone Financial Advisory

JANUARY 2, 2024

” – Bertrand Russell Need Last Year’s Tax Returns? Help is available for taxpayers who need tax information for prior years but still need to keep copies of their returns. This is often the easiest way to get a copy of your tax returns. Order a tax transcript. “To conquer fear is the beginning of wisdom.”

Taxes 82

Taxes Investment Advisor Numbers Investing 82

Cornerstone Financial Advisory

MARCH 11, 2024

State and local income tax refunds may be taxable and should be reported on your federal taxes. If a policy is surrendered prematurely, the policyholder may also pay surrender charges and have income tax implications. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest.

Marketing 79

Marketing Marketing Insurance Taxes 79

Cornerstone Financial Advisory

OCTOBER 9, 2023

The Internal Revenue Service (IRS) has a handy tool called the Tax Withholding Estimator, which can help you manage having too much or too little tax withheld from your wages. This information is not intended to substitute for specific individualized tax advice. These factors may result in greater share price volatility.

Marketing 86

Marketing Marketing Taxes Economics 86

Cornerstone Financial Advisory

JANUARY 8, 2024

The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim. This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

Marketing 82

Marketing Marketing Taxes Economics 82

Cornerstone Financial Advisory

MARCH 4, 2024

Here’s How To Pay If you owe federal taxes, you must pay by the April deadline. Remember, if you get an extension to file your taxes, payment is still due by the April deadline. Pay when you e-file: If you file your federal tax return electronically, you can pay directly from your bank account using electronic funds withdrawal.

Marketing 74

Marketing Marketing Economics Taxes 74

Cornerstone Financial Advisory

APRIL 15, 2024

.” – William Shakespeare More Digital Choices For Filing The IRS has made it easier to file your taxes. Forms now contain electronic signature options, meaning tax professionals can conduct remote transactions. This information is not intended to be a substitute for specific, individualized tax advice.

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

NOVEMBER 27, 2023

There are some important tax tips to know to set yourself up for success. Here are some tips that the IRS shares for new business owners: Choose the right business structure: The form of business determines which income tax return a business taxpayer needs to file. Most businesses need an EIN. a Registered Investment Advisor.

Marketing 84

Marketing Marketing Taxes Economics 84

Cornerstone Financial Advisory

APRIL 1, 2024

.” – George Washington IRS Offers Free Tax Prep Option For Military Personnel Each year, the Internal Revenue Service takes a moment to remind active duty military personnel that the “IRS Free File” offers them multiple choices for free federal tax preparation. These factors may result in greater share price volatility.

Marketing 52

Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

NOVEMBER 20, 2023

These Tips Can Help You Understand The Tax Situation Whether picking up painting or cooking new concoctions in your kitchen, starting a new hobby is always fun and a great way to learn something new. Did you know there are some tax considerations when starting a new hobby? .” – Salvador Dalí Starting A New Hobby?

Marketing 94

Marketing Marketing Taxes Economics 94

Cornerstone Financial Advisory

OCTOBER 30, 2023

2) The regular method allows you to specifically calculate the actual expenses like rent, mortgage interest, taxes, repairs, depreciation, and utilities you pay for the portion of your home used for the business. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

Marketing 99

Marketing Marketing Economics Taxes 99

Cornerstone Financial Advisory

APRIL 3, 2023

Banking Crisis Fears Dim; Markets Rally Presented by Cornerstone Financial Advisory, LLC Stocks rallied last week on receding fears of a widening banking crisis, led by resurging investor interest in technology and communication services names. This information is not intended to substitute for specific individualized tax advice.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JULY 10, 2023

” – Maya Angelou IRS Program Helps Seniors Prepare Taxes The Internal Revenue Service (IRS) has a tool called Free File, which offers online tax preparation, direct deposit of refunds, and electronic filing choices. Free File has a majority of the most common forms needed when filing your taxes.

Marketing 90

Marketing Marketing Taxes Economics 90

Cornerstone Financial Advisory

OCTOBER 3, 2022

During the previous week, the Bank of England (BOE) raised interest rates, and its prime minister announced unfunded tax cuts that the markets interpreted as inflationary. government bonds. government bonds. The BOE’s decision to begin temporary purchases of government bonds was well-received by capital markets, sending U.K.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

SEPTEMBER 5, 2023

” – Aristotle Protect Your Tax Data Protecting your data is very important in today’s digital age. The Internal Revenue Service shared guidelines tax pros should follow to protect taxpayer data. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

Marketing 87

Marketing Marketing Economics Taxes 87

Cornerstone Financial Advisory

AUGUST 14, 2023

The combination of higher yields and earnings that failed to validate tech’s elevated valuations has dragged the sector and the larger market. Child support payments are not taxable income for the recipient or tax-deductible for the payer. This information is not intended to substitute for specific individualized tax advice.

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

MARCH 27, 2023

Optimism was further fueled by Yellen, who said the government could intervene to protect depositors if more bank issues materialized. ” – Melissa Viviane “Lizzo” Jefferson Who Can File Your Taxes? Many people file their taxes, but others choose to have a third party represent them.

Marketing 59

Marketing Marketing Taxes Banking 59

Cornerstone Financial Advisory

AUGUST 21, 2023

This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM) There’s no better time than the present to check your withholding status and make sure your paycheck accurately reflects the taxes you should be paying. These expenses can also impact your tax liability. ADSK), Analog Devices, Inc.

Marketing 52

Marketing Marketing Economics Taxes 52

Brown Advisory

NOVEMBER 28, 2022

With that backdrop, we highlight several positive factors: Income Tax Despite recent efforts to raise individual income tax rates, the highest marginal rate remains at 37%. Tax losses can also expedite the rebounding of client portfolios by reducing the tax drag on future growth.

Planning 52

Planning Taxes Clients Strategic Planning 52

Brown Advisory

NOVEMBER 28, 2022

These exercises invite a long-term perspective, open communication and the active engagement of all family members. . With that backdrop, we highlight several positive factors: Income Tax. Despite recent efforts to raise individual income tax rates, the highest marginal rate remains at 37%. Tax Loss Harvesting.

Planning 52

Planning Taxes Clients Strategic Planning 52

Cornerstone Financial Advisory

MAY 8, 2023

Secretary of the Treasury Janet Yellen commented that the federal government may hit its debt ceiling earlier than expected, heightened investor jitters over a potential technical default. ” – Charlotte Brontë Need Last Year’s Tax Returns? This is often the easiest way to get a copy of your tax returns.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JULY 24, 2023

This Week: Companies Reporting Earnings Tuesday: Microsoft Corporation (MSFT), General Electric Company (GE), Verizon Communications, Inc. (VZ), Lastly, it’s important to consider paying quarterly taxes during the year to help avoid any federal or state tax penalties for underpayment. VZ), Visa, Inc. (V),

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

APRIL 17, 2023

After reports of a more pronounced slowdown in producer prices on Thursday, stocks surged higher, with technology and communication services companies leading the charge. This information is not intended to substitute for specific individualized tax advice. The information in this material is not intended as tax or legal advice.

Marketing 59

Marketing Marketing Medical Economics 59

Cornerstone Financial Advisory

AUGUST 1, 2022

The economic slowdown was attributable primarily to decreases in inventories, a deceleration in the housing market, and lower government spending. Don’t Forget to Take Advantage of the Work Opportunity Tax Credit. The work opportunity tax credit equals 40% of up to $6,000 wages paid or incurred with a maximum credit of $2,400.

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Marketing Marketing Taxes Economics 83

Cornerstone Financial Advisory

MAY 22, 2023

This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM) Here’s How It May Affect Your Taxes Taxpayers who work in the gig economy may benefit from having a better understanding of how their work affects their taxes. We suggest you discuss your specific tax issues with a qualified tax professional.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

OCTOBER 31, 2022

Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Free File is a tax prep software for taxpayers whose 2021 total adjusted gross income was $73,000 or less. Find payment options, including IRS Direct Pay which allows you to pay tax bills directly from your bank account.

Marketing 88

Marketing Marketing Economics Taxes 88

Cornerstone Financial Advisory

SEPTEMBER 6, 2022

The overhang of Fed Chair Powell’s Jackson Hole speech the previous week carried over into last week as investors recalibrated stock valuations amid a seemingly more assertive monetary policy stance. The IRS can scan tax returns for potential fraud, and if a tax return seems suspicious, they will flag it for further review.

Marketing 59

Marketing Marketing Taxes Investment Advisor 59

Cornerstone Financial Advisory

JANUARY 30, 2023

Increases in private inventory investment, government spending, and nonresidential fixed investment also contributed to the fourth quarter’s growth. No one wants a bad surprise when Tax Day comes, and having the proper withholding can help you avoid these surprises. GDP Report The U.S. economy expanded at a 2.9% growth rate.

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

NOVEMBER 21, 2022

DELL), Zoom Video Communications, Inc. (ZM). If you hire an independent contractor for your business, you are generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. This information is not intended to be a substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 59