Taxes are a fact of life. With that in mind, here are several things you might consider as you prepare for tax season—from year-end retirement planning to reviewing your portfolio and updating your investment goals. It’s not an exhaustive list, and not all items may apply to you, but it’s a good starting place. For specifics about your own tax situation, please consult a tax advisor.
When reviewing your Form 1099-DIV, you may notice either qualified or ordinary dividends that do not match with the cash distributions you received during the year.
Many people make a distinction between investors and traders, but by default the Internal Revenue Service does not. Whether you make three trades a year or three hundred, the IRS looks at your trades and any gains or losses the same way for tax purposes.
In the last week, there’s been a flurry of activity in Congress and from the Internal Revenue Service (IRS) that could impact your tax planning and retirement accounts.
On December 20, 2019, as part of the bi-partisan spending bill, the SECURE Act of 2019 (Secure Act or Act), was signed into law. This was the first major overhaul of retirement-related legislation since 2006. In this article, we’ll summarize some of the key provisions of the law and discuss what they might mean for you.
Let's look at what a wash sale is, how brokers such as E*TRADE track and report them to you, and what potential pitfalls you should keep in mind.
Every investor needs a solid understanding of cost basis and how it's calculated. Let's take a look at this important investing concept.
While taxes are unavoidable, you have choices when it comes to satisfying your tax obligation. Some of these choices can include paying in cash, liquidating investments, taking out a loan, or even using your credit card.
This article explores what the Alternative Minimum Tax (AMT) is and what you may need to know about the tax and your exposure to it. Read the article to learn more.
All investors should have some understanding of how capital gains work. Read on to learn more.
Did you know that you can use an investment loss to help you improve your tax situation? It’s true. Through a strategy called tax-loss harvesting, you may be able to use your loss to your advantage.
When it comes to tax planning, it’s helpful to think ahead. Learn three guiding principles for investors.