Tax Phone Scam Alert IRS Tax Phone Scam calls are on the Rise. As more incidents of aggressive telephone scams continue throughout the country, the IRS unveiled a new YouTube video with a renewed warning to taxpayers. Do not to be fooled by impostors posing as tax agency representatives. In a News Release, the IRS…
Home Equity Tax Deductions
Home Equity Tax Deductions The Tax Cuts and Jobs Act of 2017 affected home equity tax deductions as of 2018. Under prior law, you could deduct interest on up to $100,000 of home equity debt, no matter how you used the money. The old rule is scheduled to return in 2026. The bad news is, you…
New Tax Law Changes Divorce Tactics
New Tax Law Changes Divorce Tactics Financial negotiations in a divorce often involve alimony. The new tax law changes divorce tactics regarding alimony, but grandfather existing agreements. In addition, old rules will remain in effect for divorce and separation agreements executed during 2018 but next year, the rules will change and the roles will be…
Tax Cut and Jobs Act of 2017
Tax Cut and Jobs Act of 2017 – Special Report A lot may be on your mind since the announcement of the Tax Cut and Jobs Act of 2017 (TCJA) and how it will affect you. This issue provides readers with great information on being patient, knowing your true tax rate, retirement contributions, Roth conversions,…
Weighing Bond Fund Risks
Weighing Bond Fund Risks This issue explores weighing bond fund risks as part of a healthy investment plan. Most portfolio allocations call for a mix of stocks (equities) and bonds (fixed income). As we’ve seen in recent years, stocks can be extremely risky but have recovered from periodic setbacks. Bonds offer low yields in today’s environment….
Understanding Annuities
Understanding Annuities Find out what you need to know for understanding annuities. Americans hold billions of dollars in annuities; however, they are widely misunderstood. When used properly, an annuity can serve valuable personal financial planning purposes. On the other hand, some financial advisers widely criticized, and even scorn, certain types of annuities. Learn from some examples about how annuities could…