Tax Return Review – “Just Married” and Other Life Changes
In this review, Steven walks through things to look out for as life changes happen in a client’s life, including getting married and planning for retirement. This return also highlights several lines to look for when looking at rental properties.
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Advisor Tax Mistake #1-Getting Bad Tax Advice
When I last Googled “IRS RMD Table,” the first result that popped up was a link to an active IRS web page with the outdated RMD information. Millions of people who clicked on the first link provided by Google were given, by the IRS, incorrect information. Countless other examples of incorrect tax information, ranging from capital gains rates to Medicare premiums to gifting limits and especially the math on Roth conversions can be found prominently displayed across the internet, including on some of the most reputable websites.
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