I get a lot of questions every tax year about capital gains taxes and what the word “basis” means. The basis of an asset is the purchase price paid. One thing that is easy to miss is the tax paid … Continue reading
Category Archives: Tax Tips
13 February 2019
Avoid Being Double Taxed on Reinvested Dividends
11 February 2019
The 20% Passthrough Tax Deduction for Small Businesses (IRS 199A)
At Erock, we have been consulting with small business owners since the late 1980s. Many people have run their businesses as non incorporated Schedule C filers, while others have formed partnerships or S-Corporations for many differing reasons. These “passthrough” taxpayers … Continue reading
8 February 2019
The Timing of Roth IRA Conversions
The taxation of Roth conversions will take center stage in 2019 for more people as tax rates have been lowered across the board making it more advantageous for many folks to make the transfer from a traditional IRA to a … Continue reading
4 February 2019
Income Tax Filing 2018 Getting Ready for Your Tax Preparer
Welcome to 2019 and the 2018 tax filing season. Let’s make it a great year! Here are a few things you need to do to get ready to prepare your taxes for 2018. It is very important to get organized … Continue reading
9 January 2019
TAX REFORM: 10 TIPS TO HELP YOU NAVIGATE THE CHANGES
Welcome all to the 2018 tax filing season! What a crazy filing season it will be, as it is the first-time filing returns after Congress passed the largest reform to the tax code in over 30 years. Of course, this … Continue reading
6 December 2018
2018 Year End Tax and Money Planning Tips
As the end of 2018 approaches, I can honestly say it has been the craziest year to be an advisor in a long time! Saying “That’s a wrap” and closing the books on 2018 will be welcome to many advisors. … Continue reading
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