SURPRISES AT TAX TIME
As a volunteer tax preparer for the AARP, I often review tax statements from many different brokers and investment companies. The Income Tax preparation process always seems to identify examples of the value of working with a trusted investment advisor. Here are some examples from my experiences as a volunteer tax preparer for AARP from […]
Market Commentary- April 2013
Market Commentary Stocks wrapped up a stellar first quarter with the S&P 500 finishing at an all-time high, besting its last high in October 2007. For the quarter, large-cap stocks (represented by the S&P 500) were up 10.6%. Small-cap stocks also did quite well, returning 12.4% in the first quarter. International markets had a positive […]
The 2012 Income Tax Season Observations
I haven’t come across many new issues this tax season, but, as usual, a few surprises have popped up. Make Work Pay Credit Gone Many are disappointed with the amount of refund or amount owed compared to last year, primarily due to the elimination of the Make Work Pay credit that could be as great […]
Tales from the Tax Prep Front Lines
Tax preparation gives interesting insight about personal financial situations. Here are some examples. Last year an elderly lady brought her tax documents to the AARP Volunteer Tax Service for preparation. Her 1099s, etc. were not well organized, but appeared to be adequate. She, herself, was a little disorganized, and not entirely comfortable with what she […]
Expert Answers To Your Roth Conversion Questions
From time to time we will be sharing insights from some of the people in our network of professional advisors who assist our clients with tax advice, estate planning, and other issues. Following is an interview with Michael J. Reilly, CPA, Partner in Charge of Tax Services at Dannible and McKee, LLP—Certified Public Accountants and […]
