Filing taxes is never fun and it’s sometimes not easy, so you can be forgiven if you’ve put it off. Before you begin this annual task, there are a few things to keep in mind that may at least help filing be more efficient. And for those tricky parts? There are places to turn and […]

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If you find yourself needing to remove part or all of an Individual Retirement Account (IRA) contribution to avoid a tax penalty, there is a way. As we learned in part one, investors can fix their oversight using the removal of excess contribution (ROE) rule. Doing so requires a little math, specifically, crunching what the […]

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Are you a perennial procrastinator on income tax filing? Lucky you—you get a few extra days this year, as the filing deadline is April 18. And, by the way, you’re not alone. Citing data from the Internal Revenue Service, TurboTax said 20% to 25% of all Americans wait until the last two weeks before the […]

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Tax filing season officially begins Monday, January 22, the day the IRS will begin accepting electronic tax returns. And the last day to sneak your postmarked returns into the IRS is Tuesday, April 17, 2018. (Wait, why? The traditional tax-filing deadline of April 15 is pushed out to the 17th because the 15th is on […]

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TD Ameritrade Investment Management LLC (*TDAIM) has introduced a tax-loss harvesting service to clients who are invested in one of TDAIM’s ETF managed portfolios in taxable accounts. Traditionally, tax-loss harvesting has been thought of as a complex strategy reserved for the most sophisticated investors managing their own portfolios, or wealthy investors working with a high-priced financial […]

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The new year symbolizes a restart, a clean slate, the starting line of yet another potential future. The last thing you want is to get stuck dealing with past business that you thought was resolved. For investors, there are a number of unexpected items that may show up when you file your taxes for the […]

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Over the years, Hollywood has developed quite a love affair with Wall Street. In typical Hollywood fashion, they have portrayed Wall Street as glamorous, outrageous and filled with over-the-top excess. But there is far more to the world of investing than Hollywood portrays. Bonds, and the rest of the fixed income securities market, are considered […]

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Looking for a unique gift idea for a loved one that will long outlast the shiny new bike for Christmas, live well beyond the high-end blender given for a wedding present, and will far surpass the lifespan of the big box gift card given for a high school or college graduation? Consider thinking outside-of-the-box this […]

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Looking to pursue an optimal, tax-efficient portfolio balance? Consider tax-loss harvesting. It’s a process designed to take advantage of an IRS rule allowing realized losses to offset the realized gains on in your taxable portfolio. This process may potentially lower your tax liability, on the condition that all the trades are closed out in the […]

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Getting ready for tax season? It’s time to take a look at cost basis and make sure you’re covered when it comes to correct reporting. Back in 2001, the U.S. Government Accountability Office (GAO) estimated that 38% of taxpayers who reported a security sale incorrectly reported their taxable gain or loss. Why? Because they used […]

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