Your Future Taxes

Key Takeaways

  • There are two types of tax planners; historians and futurists.
  • Tax historians look to the past to plan for their taxes and can often be left with costly surprises or pay more taxes than they should by not researching changes in the tax code.
  • Being a tax futurist, where you plan your taxes in the first quarter based on changes to the tax code, employer benefits, and personal situation, helps you control the taxes and keep money in your pocket.

Clipping Tax Coupons

Key Takeaways

  • The 1040 form is used to file your tax return and it’s important to know what’s on it so you can take advantage of any areas where you may be able to save money.
  • The main sections of the 1040 form are Income, Adjusted Gross Income, Tax and Credits, and Other Taxes.
  • There are several ways to file your tax return ranging from doing it yourself, to using online programs, community volunteers, or hiring an accountant or tax preparer.

Transitional Ownership

Key Takeaways

  • Transitions in life directly affect how ownership changes.
  • Several primary forms of ownership include Sole Ownership, Joint Ownership, Tenancy in Common, Tenancy by the Entirety, Trust Ownership and Guardian of Assets.
  • It’s important to understand that ownership changes when major life events happen so that you can plan for these changes and ensure your assets go where you want them to.

2016, A Year In Review

It’s time to say goodbye to 2016 and welcome with open arms the New Year, 2017! Or if you are a little traumatized by what 2016 had to offer, perhaps just a firm handshake and a scrutinizing look towards 2017.

There are a lot of Year in Review lists out there. You’ve got your standard lists offered by all the news outlets of course, the lists of top songs, movies, TV shows, etc. There’s lists of top YouTube videos and Tweets, and yes, even cat videos. 2016 was definitely a year to remember, so we thought we’d share