Taxation

Working with your advisory team—bankers, investment counselors, insurance agents and attorneys—our experts ensure that all services are both complete and comprehensive.

IRS Rules Make Retirement Plan Withdrawals Mandatory

Do you own a traditional IRA, SEP-IRA, SIMPLE IRA, Keogh plan, 401(k) plan, or 403(b) plan? If so, you’ll have to start taking distributions when you reach age 70. If you don’t, you’ll forfeit 50% of the amount you should have taken but did not. Learn more on our latest blog!

Tax Shifting Ideas to Reduce Your Bill to Uncle Sam

Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas, detailed on our latest “Tax Tip of the Week”!

A Gift Of Stock

Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications. Information is key when using this strategy! Learn more on this week’s “Tax Tip”!

Tax-Free Roth IRA Withdrawal Options

While Roth IRAs are funded in after-tax dollars, making a mistake on withdrawing funds could still subject you to tax and penalties on withdrawal of earnings. Here are some tips that every Roth IRA account holder should know!

Taxable or Not Taxable?

Here are nine areas of income that are often questioned by taxpayers regarding their taxability. Some items are taxable, others are not – here is what you need to know!

The Kiddie Tax

Properly managed, the “kiddie tax” rules can be used to your advantage. But if not, this part of the tax code can create an unwelcome surprise at tax time! Learn more about this tax rule and how it applies to you on our latest blog!