Category - Taxes

1
Scams and Hackers and Safety, oh my!
2
Generational Financial Planning Within The Kiddie Tax Limits
3
Taxes: we’re not Europeans
4
3 Reasons To Consider Hiring a Tax Professional
5
Moving from “tax” prep to “life” prep

Scams and Hackers and Safety, oh my!

At Clearview Wealth Management, we take the safety and security of your personal information very seriously.  It is essential in today’s global, wired world to protect yourself and your private information.  As we witness almost every day in the news, scams and hackers continue to threaten the security of our personal information.  Below are some areas to consider when enacting better protection over your personal information.

Password Tips

  • Don’t use combinations of your personal information (names, date of birth, address, zip codes) as these are available to the public online.
  • Use phrases like “I attended 1st grade at Edinboro
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Generational Financial Planning Within The Kiddie Tax Limits

The kiddie tax (or “Tax for Certain Children Who Have Unearned Income” as the IRS calls it) is a set of tax laws which force unearned income over a small amount to be taxed at the higher tax rate of the parents. For 2017, the kiddie tax limits allows $1,050 to be received without being taxed and the next $1,050 to be taxed at the child’s rate, while any unearned income in excess of $2,100 is taxed at the parent’s top marginal rate.

This tax can cause the children of wealthy parents to lose any preferential treatment of qualified dividend …

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Taxes: we’re not Europeans

We don’t want to pay as much tax as the Europeans do. How many times have you heard that? If less than 1,000 times, congratulations—you live without internet service. But, I still retain an old-fashioned interest in verifiable facts, not just what I’d like to be true. I hope one or two readers still feel the same way, so let’s take a look at some numbers on just who pays what taxes, and what those taxes pay for.

The moment you delve into comparing countries, you have to contend with currency conversions, buying power and the cost of necessities (what’s …

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3 Reasons To Consider Hiring a Tax Professional

For a lot of military households, tax preparation is simple, straightforward, and free.  Every year, just collect the paperwork and head down to the VITA (Volunteer Income Tax Assistance) office, and the staff can help you do your taxes.  Or, if you’d rather do it on your own, you can either use a software provider such as TurboTax, or go to the IRS FreeFile website.  The IRS also has a link to find free state filing options, based upon certain eligibility criteria.

However, you often get what you pay for.  Over the course of your military career, you …

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Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion.

Before you pack everything up and put it away for another year, take a step …

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