Tax Return Review – Single Filer
“Sue” appears to be retired and has capital loss carryforwards. With a relatively low amount of social security currently taxable, that will be an important consideration in making other recommendations. Currently in the 0% capital gains bracket and receiving a significant refund there are multiple opportunities to work with Sue on tax planning.
For some taxpayers, so-called “backdoor” Roth contributions can be a great way to fill an investment bucket that will grow tax free. Tax free is everyone’s favorite kind of money but the […]Read More
When advising clients on taxes financial advisors must remember that education and action are both critical.Read More
Background One of the most commonly-searched phrases around taxes and retirement is “retirement tax brackets.” Your clients want to know what to expect in retirement. However, when it comes […]Read More
The information on this site is for education only and should not be considered tax advice. Retirement Tax Services is not affiliated with Shilanski & Associates, Jarvis Financial Services or any other financial services firms.