Hubert McIntosh

One COVID-19 Tax Relief Fact That Retirees Should Understand!

These are trying times and we all have information overload, but one small piece of the new emergency tax relief legislation that seems “lost in the sauce” is perhaps the most important for retirees. There was a last-minute push for seniors to be included in the $1,200 relief checks, although if retired and on a …

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Best Tax Planning Strategies - LifeLine Tax

It’s Not All Bad News. Roth Conversions In A Down Market Can Be A Big Win!

For many Americans the bad news surrounding the current crisis is all-consuming.  Even for those not living check to check, it can still be very stressful.  Employers struggle with using savings, loan lines, or selling assets to keep afloat.  Others face layoffs of workers that are practically family members.  There is a lot of heartaches …

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The Rich Are Tight-Lipped On Family Wealth Decisions

For the wealthy, decisions about passing on assets—for instance, by gifting to family and charities, by dividing assets among heirs and establishing trust provisions or limitations—rank as the most important and difficult to make when compared to decisions about saving, investing, spending and other day-to-day finances, according to a Bank of America study. In fact, …

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Halloween

Fix the Underpayment Tax Penalty You’re Headed For with A Simple Halloween Trick :-o

In a few months, the U. S. will begin filing tax returns again, and at tax firms all over the country, people will be making the “E-Trade” Shocked Baby Face (remember him?) when they see they are being charged penalties and interest for underpaying their taxes due. Even if they made a 941 payment in …

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