Archive - 2019

1
Study Finds Divorced Women Gain Financial Confidence with Time
2
IRS warns of gift card scam
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Tax Strategies for the end of the year
4
2019 Year-End Tax Planning Tips & Traps
5
7 Estate Planning Mistakes and How to Fix Them

Study Finds Divorced Women Gain Financial Confidence with Time

The end of a marriage does not have to mean the end of financial stability: in fact, for some women it is just the opposite. Some women find that having no choice but to take control of their own financial planning gives them a confidence they may have not had before.

Kiplinger.com published “Financial Confidence in Divorced Women is on the Rise,” and included the following insight:

“While 57% of women say that divorce was a wake-up call for them from a financial standpoint, the good news is that things do get better. According to the recent Allianz …

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IRS warns of gift card scam

 

Recently there has been a new scam going around, with a twist – the caller, impersonating an IRS agent, requests payment in the form of gift cards. The IRS recently released a Tax Tip (2019-167) regarding this scam and what you should do about it. The complete Tip is listed below.

Taxpayers should watch out for gift card scam

Taxpayers should always be on the lookout for scams. Thieves want to trick people in order to steal their personal information, scam them out of money, or talk them into engaging in questionable behavior with their taxes. Scam …

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Tax Strategies for the end of the year

Many Tax strategies require you to act before December 31st of the Tax year, not April 15th of next year. So, time is running out if you are thinking about Tax Planning. Today, I will explain the 3 most important factors to consider – in order to implement end-of-the-year tax strategies.

Tax Strategy 1: Offset Capital Gains with capital losses from unwanted positions

If you have capital gains during the year, consider selling some of your unwanted positions where you may have losses. For example, let’s say you sold a position earlier this year – in your taxable… Read More

2019 Year-End Tax Planning Tips & Traps

As the end of the year is fast approaching, we should consider any last-minute strategies that might help reduce your 2019 tax bill. Last year was the first year to be impacted by the Tax Cuts and Jobs Act of 2017 (TCJA). While there was plenty of clarifying guidance on application of the TCJA, there were was no significant new legislation in 2019 affecting individual taxes. But situations do change from year to year, thus requiring a fresh look at how to approach year-end tax planning. The following are strategies that may benefit you and that we should discuss before …

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7 Estate Planning Mistakes and How to Fix Them

Figuring out what you want to do with your stuff when you die is… well, complicated. Most of the time we sign a stack of papers at our attorney’s office and think we’re done. But it’s not that simple. Here are 7 estate planning mistakes and how to fix them. 1. Not updating the executor […] The post 7 Estate Planning Mistakes and How to Fix Them appeared first on Thinking Beyond Numbers | A Personal Finance Blog that Changes the Way You Think About Money!.… Read More

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