by troyerwin | Nov 7, 2019 | Tax Plannning
The tax treatment of dividends in the U.S. depends on whether the Internal Revenue Code classifies them as “qualified” or “ordinary.” Qualified dividends are taxed at the same rates as long-term capital gains; these rates are lower than...
by troyerwin | Oct 21, 2019 | Tax Plannning
Single-member LLCs are limited liability companies with only one member (owner). They have become popular for business and investment activities. Should you use a single member LLC as a real estate ownership vehicle? That might be a very good idea. This blog post...
by troyerwin | Sep 28, 2019 | Retirement, Tax Plannning
As you likely know, the Roth IRA is a terrific way to grow your wealth with a minimum tax downside because you pay the taxes up front, and then with the proper holding period, pay no taxes after that. Eligible individuals can now contribute a total of $6,000 ($7,000...
by troyerwin | Sep 25, 2019 | Tax Plannning
Here’s a heads-up on mortgage insurance. Personal Residence Mortgage Insurance The deduction for mortgage insurance on a qualified residence ended on December 31, 2017. But don’t give up on the deduction. The personal residence mortgage insurance deduction is part of...
