Nerd's Eye View
JUNE 21, 2024
Also in industry news this week: A recent survey indicates that financial advisors continue to move towards ETFs and away from mutual funds when it comes to client portfolio recommendations, though a majority of advisors continue to see a role for active management in the investment management process A former employee has filed a lawsuit alleging (..)
Harness Wealth
APRIL 30, 2025
This article will explore how to navigate complex tax situations arising from multiple income sources, examining various income types, reporting requirements, self-employment obligations, and strategic approaches to record-keeping and tax planning that can help protect your financial interests.
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Darrow Wealth Management
APRIL 21, 2025
Retirement tax planning with Roth conversions There is no one-size-fits-all approach to retirement planning or investing, which is important to keep in mind as Roth conversion strategies gain popularity due to expiring tax cuts.
Integrity Financial Planning
FEBRUARY 3, 2023
Next, let’s face it, not all of us are exceptional when it comes to math. Taxpayers should always confirm that their math is correct, as this is one of the most common mistakes made when filing. [1] It’s also not a bad idea to review the bank account numbers you included (some of those digits can be lengthy!).
Darrow Wealth Management
SEPTEMBER 7, 2023
Although the spread is still considerable, at the 22% statutory withholding rate for non-qualified stock options (if under $1M), the tax due with simple hypothetical math is ‘only’ about $38,500. That said, tax planning moves done in advance can also easily be negated by a sales plan that’s too bullish.
Harness Wealth
APRIL 30, 2025
Math errors and typos Minor mathematical errors and typos can disrupt the IRS’s automated processing systems and can result in discrepancies that can flag your return for manual review. As a result, the IRS may apply the “ hobby loss rule ,” which limits deductions for activities not engaged in for profit.
Harness Wealth
MAY 12, 2025
Understanding these can help you optimize your tax return and potentially increase your refund. Credits directly reduce the amount of tax owed, while deductions lower your taxable income. Both are valuable tools in effective tax planning.
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