Mailbag: Can I Roll My IRA Into A REIT Tax-Free?
with No Comments

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?”

Taxes on Non-Deductible IRA Contributions
with No Comments

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

Capital Gains Tax Gets More Complicated
with No Comments

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

What is the Difference Between AGI and MAGI?
with No Comments

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.

Mailbag: How Do You Live When You Are Trying To Avoid Taxes?
with No Comments

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

The Tax Code’s War On Marriage
with No Comments

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.

Radio: Virginia’s Tax Freedom Day Today
with No Comments

We estimate that if you didn’t have to pay taxes, you could leave work every day at 2:34pm.

Radio: Avoiding Excess Taxation
with No Comments

David John Marotta was interviewed on radio 1070 WINA’s Schilling Show on April 15 to discuss taxes and how to avoid excess taxation.

What Do You Mean I Owe An Extra $100,000 In Taxes?
with No Comments

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

Tax By Inflation
with No Comments

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

How Long Should I Keep Financial and Tax Records?
with No Comments

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

Lifetime Exclusion From Gift Or Estate Taxes
with No Comments

When you die, your assets and belongings–called your “estate”–are subject to taxation, but the there is an amount under which the executor of your estate will not have to pay taxes.

Annual Exclusion From Gift Taxes
with No Comments

There is a limit, or exclusion–an amount that the government will allow you to gift to a person per year, without incurring tax consequences.

The Ruse Of Healthcare To Justify Massively Higher Taxes
with No Comments

At least there will be less rich people to hate.

How to Calculate An Advisor’s Value: Tax Efficiency
with No Comments

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

Rules For Selling Highly Appreciated Stock
with No Comments

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.

Amazon Sales Tax Collection: Coming To Your State Soon!
with No Comments

Amazon is currently collecting sales tax for purchases shipped to nine states. It will begin collecting sales tax on purchases for Virginia in September 2013.

Roth’s Less-Known Strengths
with 2 Comments

Mr. Roth can also help with transferring gifts to your heirs, setting up your first emergency reserve account, and paying for a new house or college expenses. But don’t ask him to iron your clothes. That’s where he draws a line.

Marketplace Fairness Act Adds Automation to Tax Confusion
with No Comments

It is not a new tax. It is simply a tax that nearly everyone currently reading this column is successfully evading without prosecution.

IRA Cap Gives Rise to New Funding Strategies
with 7 Comments

President’s proposal comes with silver linings for shrewd advisors

Tax Planning
with No Comments

A dollar saved on taxes is worth more than a dollar earned. If you earn another dollar, they will just tax you again.

Tax Season – Wealth Management Carnival #11
with No Comments

With the federal tax filing deadline upon us, here are some articles on little-known tax tips, interesting facts, good advice, and general information about taxes. Some of these are applicable now, and some you might want to store away for next year.

Keep Working and Hire Financial Professionals
with No Comments

For families with complexity to their finances, hiring a tax professional actually saves them money. Wealth managers bring benefit to such families in the same way.

Video: Even the Beatles were against highly progressive taxes!
with No Comments

Let me tell you how it will be: There’s one for you, nineteen for me. Should five per cent appear too small, Be thankful I don’t take it all.

Is 95% of the Trade Imbalance Legal Tax Evasion?
with No Comments

As one of Forbes’s 25 largest fictional companies, Stark International could avoid $4 billion in U.S. corporate taxes with this one simple technique.

Do Tax Cuts Actually “Starve the Beast”?
with No Comments

Daniel J. Mitchell of the CATO Institute wrestles with the lack of no historical data to support the Starve the Beast model, only to find out that it’s because politicians have never really given it a shot.

Should We Raise Taxes to Balance the Budget?
with 3 Comments

The only two ways to balance the federal budget are to spend less or to collect more. Spending less is the preferred method, but that is just not happening. As a result, politics is pushing many in Congress to try to balance the budget by raising taxes.

Video: How to Check Up On Your Charity
with No Comments

Maybe it is time you checked up on your favorite charities before making your next gift.

15 Tax Moves For Right Now. Really?
with No Comments

Do any of these ideas suggest any incentive for the highly productive to continue producing?

Dwight D. Eisenhower on tax cuts and a balanced budget
with 4 Comments

“Until the deficit is eliminated from our budget, … there is no end to inflation; there is finally no end to taxation; and the eventual result would, of course, be catastrophe.”

Is a National Sales Tax Really Fair?
with 3 Comments

Claims of “fair” or even “regressive” or “progressive” depend very much on what is used as the denominator.

Earned Income Tax Credit (EITC) Punishes Marriage
with No Comments

The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.

Earned Income Tax Credit (EITC) Marriage Penalty of $3,603
with No Comments

The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.

Earned Income Tax Credit (EITC) Marriage Penalty of $8,400
with No Comments

The worst marriage penalty is for couples earning between $26,000 and $60,000 who have three or more children.

Government Taxes $33,356 Just Because a Couple Decides to Get Married
with 10 Comments

You cannot argue this increased tax is their “fair share” simply because they are married.

New Year’s Resolutions for the Country
with No Comments

To fulfill the financial resolutions of spending less, living within our means, and paying off our debt, the country first needs to encourage production rather than discourage it.

The Fiscal Cliff Is Almost Everything the Democrats Want
with 5 Comments

It is a crisis fabricated 100% by politicians. And avoiding the fiscal cliff is being used hypocritically for additional political gain.

Tax on Dividend-Paying Stocks Rising to 74%
with No Comments

With the enormous increase in the taxation of dividends, high net worth investors may be tempted to abandon dividend-paying stocks entirely. This is not necessary.

Capital Gains Tax is an Economic Monkey Wrench (2012)
with 2 Comments

Tax on capital gains is scheduled to rise and become much more complex at the end of this year. Keeping your head in the midst of these changes can help your bottom line. Government should tax either the value of an asset or its yield but not both.

Seven Tax-Planning Strategies to Dodge the Tax Bullet
with 6 Comments

The victors in the recent election have declared it open hunting season on the rich, which they evidently believe will solve our spending problems. Tax hikes everywhere are aimed at the most productive members of society.

Giving Gifts to the Wrong Beneficiaries–Mistake #5
with No Comments

Knowing which assets to give away to your beneficiaries can save your estate and your beneficiaries big tax bills, even if you have a small net worth. If you plan on making a gift to charity from your estate, you can be even more tax savvy with your giving.

Failing to Implement the Estate Plan–Mistake #6
with No Comments

One of the most common estate planning mistakes is a plan that is implemented incorrectly. Your estate plan is only worth the paper it is printed on unless you follow through on titling your assets correctly and updating your beneficiary designations.

Creating Multiple Probate Estates–Mistake #4
with No Comments

If you own real estate in different states, you may be leaving a mess of nightmarish proportions for your executor (the person who oversees and distributes your assets when you die). Here’s how to reduce the headache.

Failing to Name Beneficiaries on Retirement Accounts and Insurance Policies–Mistake #3
with No Comments

It may surprise you that proceeds from retirement accounts and insurance policies are not divided according to the terms in your will. Instead, these assets pass directly to the beneficiaries you named on the account.

Small business taxes analysis requires marginal not effective rate
with No Comments

Just over 12% of small business tax returns had gross receipts over $250,000. Their marginal tax return is the highest and tax changes to this group is what has the greatest effect on employment.

Mailbox: Disturbed by Romney’s tax computation in California
with No Comments

Personally I think it is a mistake to value supporting the government (taxes) higher than supporting society (charitable giving).

Tax Free $$ for Life (And We’re Not Selling Life Insurance)
with No Comments

You are invited to a NAPFA Consumer Education Foundation event at 5:30pm on Thursday Oct. 18th at the Charlottesville Senior Center.

Tax Records Show Republicans Are Overly Generous, Democrats Are Excessively Stingy
with No Comments

The hypocrisy of candidates who pretend to be generous with other people’s money while purposefully characterizing those who are actually generous destructively is an issue worthy of consideration when you vote.

Romney’s Tax Returns: A Stellar Example of Citizenship and Generosity
with No Comments

The Romney’s generosity and tax burden is hardly the example of greed and avarice that advocates of greater government would have us believe.

1 2 3 4

Subscribe to our newsletter!