Month: August 2017

IRA-to-IRA rollovers: Once is enough!

The tax rules are relatively lenient for rollovers to a traditional IRA. For instance, if you transfer funds from your 401(k) plan to an IRA within 60 days, there’s no tax liability on the transfer. Similarly, if you transfer funds…

Do you know what a Muni is?

In today’s tax environment, nothing is certain. However, as things stand now, high-income taxpayers may continue to value municipal bonds (“munis”) and muni bond funds. Just consider these four tax incentives. Interest income from munis is exempt from federal income…

Tips to slash shipping costs for your business

Scrutinize your operating budget and you may discover that shipping expenses — ever present and necessary for obtaining inventory and delivering products to customers — are squeezing your bottom line and cutting into profit margins. Taking some time to trim…

Hitting the jackpot on gambling losses

Gambling may not be for everyone but many people occasionally place wagers at the track or indulge in games of chance. You may be one of them. If you’re lucky enough to hit a jackpot, or even if you have…