August 31, 2015

Marco Rubio and Mike Lee’s Tax Plan

Marco Rubio and Mike Lee's Tax Plan

Rubio and Lee do make definite improvements but sadly, this good is largely undone by a well-meaning but naive tilt of the playing field towards parents.

Read More...

Education Improvement Scholarship Tax Credits

Education Improvement Scholarship Tax Credits

Virginia taxpayers can give generously and offset the cost of those gifts through tax credits and the avoidance of capital gains taxes.

Read More...

Rand Paul’s Tax Plan

Rand Paul's Tax Plan

2016 Presidential hopeful Rand Paul has released a sketch of an intriguing tax plan.

Read More...

Can I Fund My Roth With Book Publishing Royalties?

Can I Fund My Roth With Book Publishing Royalties?

Roth IRAs can only be funded with earned income and therein lies the confusion.

Read More...

How to Intentionally Realize Capital Gains

How to Intentionally Realize Capital Gains

Careful tax planning can avoid much of the capital gains tax.

Read More...

Radio: Knowing When to Realize Capital Gains

Old Radio

David Marotta was interviewed on the radio discussing how to figure out know when to realize capital gains and how much to realize when you do.

Read More...

Should I Fund a Roth or a Traditional Account?

Should I Fund a Roth or a Traditional Account?

As with many financial decisions, our gut feelings deceive us on this matter.

Read More...

A Guide to Your W-4

A Guide to Your W-4

All new employees have to fill out form W-4, but despite its ubiquity, most people don’t understand it.

Read More...

Tax Alpha: How to Fix a Client Portfolio

Tax Alpha: How to Fix a Client Portfolio

Good financial planners can be worth their weight in gold in helping clients build a tax-efficient portfolio.

Read More...

Why Liberals Should Hate Real Estate Taxes

Why Liberals Should Hate Real Estate Taxes

Taxes hurt ordinary folks before the extraordinary ones, and it can hurt them badly.

Read More...

Tax by Fiat: Legacy of Alexander Hamilton

Tax by Fiat: Legacy of Alexander Hamilton

Hamilton, like our current president, sees people as temporary holders of wealth until such time as the government decides to expand.

Read More...

Schwab Intelligent Portfolios: Incomplete Rebalancing Algorithm

Schwab Intelligent Portfolios

See our review of the two pros and nine cons of how Schwab monitors and rebalances portfolios.

Read More...

Radio: Twelve Tax Planning Agenda Items To Do Before April 15

birds in snowstorm

It is better to do tax planning all throughout the year, but here are 12 things to do (or plan to do in the coming year) before April 15.

Read More...

Tax by Fiat: Legacy of James Wilson

Tax by Fiat: Legacy of James Wilson

The arguments for greater government power have always been the same.

Read More...

Mailbag: Is There An Advantage For Me To Do A Roth Conversion?

Is There An Advantage For Me To Do A Roth Conversion?

My wife and I are 65 years old and I am newly retired. Is there any advantage in doing a Roth conversion this year?

Read More...

How Much Does the Government Cost?

How Much Does the Government Cost?

Is it fair for the government to confiscate a full quarter of the average person’s earnings every year? Where does it all go?

Read More...

Index of 2015 and 2014 Tax Tables

Tax Tables

Want the full list of tax tables? Here they are in one place for easy browsing.

Read More...

Wealth Redistribution and the Most Social President

The Most Social President

The loudest tend to drown out competitors regardless of whose reasoning is better.

Read More...

One Hidden Way the IRS Hurts the Bereaved

One Hidden Way the IRS Hurts the Bereaved

It is often said that the only two certainties in life are death and taxes. The IRS takes that truism to heart.

Read More...

2015 Tax Facts

2015 Tax Tables

The tax tables have arrived! Here are some highlights to keep in mind for the 2015 tax year.

Read More...

Will Roth Conversion Affect My Estimated Tax Payments?

Will Roth Conversion Affect My Estimated Tax Payments?

Roth conversions are a great way to save money and if you have a good financial planner, they need not be a headache.

Read More...

2015 IRA and Roth Contribution Limits

Retirement Plan Contrib Income Limits 2015_t

Here are the 2015 contribution limits and income phaseouts for contributions to Traditional IRAs and Roth IRAs for retirement saving planning.

Read More...

Five Lessons from the Whiskey Rebellion

Protest

The Whiskey Rebellion established the sovereignty of “we the people” to tax and oppress any selected group.

Read More...

Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

Read More...

AAII 2014

David John Marotta presenting

The articles associated with David John Marotta’s presentation at the DC Metro chapter of the American Association of Individual Investors.

Read More...

Video: Virginia’s Neighborhood Assistance Program Tax Credits

Early Bird Gets the Worm

This video discusses Neighborhood Assistance Programs, and how donating to a local charity can both help people in your area and help you with your Virginia tax bill.

Read More...

Mailbag: Can I Roll My IRA Into A REIT Tax-Free?

Can I Roll My IRA Into A REIT Tax-Free?

A reader asks, “My wife has a $250K SEP IRA earning 1.5% interest. Can we use any of the funds for real-estate investments?”

Read More...

Taxes on Non-Deductible IRA Contributions

Coffee and Cream

“Once you put cream in the coffee, all coffee removed from the cup is partly cream and partly coffee.”

Read More...

Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

Read More...

What is a 1031 Real Estate Exchange?

What is a 1031 Real Estate Exchange?

In our article “Fourteen Ways to Avoid Paying Capital Gains Tax”, we wrote about 1031 like-kind exchanges as a powerful tax-minimization tool for investors and business owners. Despite their complexity, these exchanges have the potential to save vast amounts of money.

Read More...

Capital Gains Tax Gets More Complicated

Holding breath

Now you may pay one of at least four different capital gains rates. The strategies to deal with capital gains differ for each level.

Read More...

What is the Difference Between AGI and MAGI?

What is the Difference Between AGI and MAGI?

MAGI is a common tax term to denote the resulting value of your adjusted gross income (AGI) with some items added back in. However, each use of MAGI may have different variables added back.

Read More...

Mailbag: How Do You Live When You Are Trying To Avoid Taxes?

1040 Form with Pencil

Having sufficient assets in a taxable account can allow for tax planning.

Read More...

The Tax Code’s War On Marriage

Marriage Penalty

Two different people can end up with very different amounts of tax owed, simply because of their marital status. You cannot argue this increased tax is their “fair share” simply because they are married.

Read More...

Virginia Neighborhood Assistance Program Tax Credits Coming Soon

empowerment

Church Hill Activities and Tutoring is one example of the many charities that are granted tax credits to share with donors.

Read More...

Realize Some Capital Gains Each Year To Keep Taxes Low

Monopoly Stock Sale

There are at least four different capital gains tax rates. Here’s how to minimize yours.

Read More...

What Do You Mean I Owe An Extra $100,000 In Taxes?

Businessman Target

Ah, the joys of being a small business owner in 2013.

Read More...

Gift Tender Offers To Charity To Avoid Capital Gains Tax

Gift with Yellow Bow

This technique can avoid paying any tax, a savings worth up to 36.1%.

Read More...

Tax By Inflation

The Fading Dollar

In its simplest form, the government prints money and uses the newly printed currency to fund government spending.

Read More...

Every Business Should Start a 401(k)

Small business owners

The president’s hope to restrict the plans should actually make owners more interested in creating one.

Read More...

How To Report Backdoor Roth In TurboTax

Turbo Tax Backdoor Roth

How to report a backdoor Roth in Turbo Tax.

Read More...

2014 IRA & Roth Contribution Limits

2014 Retirement Plan Contribution Limits

Plan to max out your retirement contributions for 2014 — your future self will thank you.

Read More...

2014 Employer-Sponsored Retirement Plans

2014 Empoyer-Sponsored Retirement Plans

It’s important to know the limits so you don’t over-contribute and incur tax penalties, but contribute just the right amount (based on your income) for your future standard of living.

Read More...

Index of Tax Tables

Tax Tables

Want the full list of tax tables? Here they are in one place for easy browsing.

Read More...

How Long Should I Keep Financial and Tax Records?

Tax Files

Whenever the IRS challenges you, the burden of producing evidence that your claims are true rests entirely with you.

Read More...

The Ruse Of Healthcare To Justify Massively Higher Taxes

Rich Men Rule

At least there will be less rich people to hate.

Read More...

2013 IRA & Roth Contribution Limits

Retirement plan contrib limits 2013

There’s still time to make sure you’ve maxed out your retirement contributions — your future self will thank you.

Read More...

How to Calculate An Advisor’s Value: Tax Efficiency

Chess White Pawn

A dollar saved on your taxes is better than a dollar earned which causes you to pay more tax.

Read More...

Rules For Selling Highly Appreciated Stock

hurdle tables

Now that the Bush tax cuts have expired and Obamacare will add additional tax burdens, many people need to think twice before realizing a large gain on their investments.

Read More...

How to Make Money Paying Virginia Income Tax

Will pay taxes for money.

Don’t hesitate to take advantage of this tax code oddity.

Read More...