Year End Tax Actions to Consider

Kent Forsey, CFP® Financial Managment, IRA's, IRS, Tax Planning, Tax Returns, Taxes

It’s been two years since the last major tax changes were made by congress in 2017, but some of the changes were slow to be defined and understood.  Here are some that affected most individual taxpayers to consider as we reach the end of the year. Withholdings and Estimates Withholdings and estimated taxes should be verified before year end, as …

IRS Scams – Consumer Awareness July 2019

Kent Forsey, CFP® Data Breach, Identity Theft, IRS, Scams, Tax Returns

Attempted financial scams seem to happen to all of us at some point.  An awareness of the many new ways they can happen is key to making sure you don’t get pulled into them.  Identity theft and stolen funds are becoming a growing risk as thieves have devised clever methods of masking IRS communications.  Various government entities have identified some …

What To Keep & What To Toss – Tax & Finance

Kent Forsey, CFP® Records to Keep, Tax Returns, Taxes

Every year, as I make my way through piles and files of receipts and statements, I question myself on what to keep and what to shred.  I know I am not alone in this obstacle. The idea is to toss out what you don’t need anymore, yet keep what you might need for taxes and accounting purposes. Here are some …

Tax Rule Changes To Be Aware Of When Filing

Kent Forsey, CFP® Tax Returns, Taxes

In the middle of filing your taxes?  Keep these changes in mind. This tax season is the first year where all of the changes and provisions passed under the Tax Cuts & Jobs Act are affecting both individual taxpayers and companies with broad changes for deductions and tax rates.  The changes, effective January 1, 2019, affect most every tax payer …