Monthly Archives: September 2013

Eggs, baskets, and investments

A well-diversified portfolio spreads out your investment risk. However, you can easily end up with more eggs in one basket than you intended. Here are some investment tips. Look at the big picture. The assets inside and outside your retirement … Continue reading

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Savings bonds are tax-smart for college savings

Amid the evolving assortment of education tax breaks is a benefit that has survived with few changes over the years: the education savings bond program. When you qualify for this federal income tax exclusion, the interest you receive from bonds … Continue reading

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RMDs require careful planning

After all the advice you’ve received about saving for retirement, taking money out of your traditional IRAs and other qualified retirement plans may feel strange. Yet once you reach age 70½, the required minimum distribution (RMD) rules say you have … Continue reading

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“Basis” is important to an S corporation

Losses can be hard to take – so if you think your S corporation will show a loss for 2013, now’s the time to plan to make sure you’ll get the full tax benefit. The Problem. The amount of the … Continue reading

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Is all “income” taxable?

You only have to examine your paycheck to realize that certain income is tax-free. For example, health insurance premiums paid by your employer are generally not includible in your income. Do you know the tax status of other types of … Continue reading

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Notify the IRS when you move

If you’re one of the millions of taxpayers who’ve moved recently, don’t forget to notify the IRS of your address change. Use “Form 8822, Change of Address,” or send written notification to the IRS center where you file your return. … Continue reading

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