Here is an interesting article on tax savings through income deferral strategies that we had CHAT GPT create. Please be sure to contact your tax provider for more information.

Taxes touch every aspect of Americans’ lives. Consider the controversy over benefits received by Supreme Court Justice Clarence Thomas from his longtime friend, Dallas billionaire and political donor Harlan Crow.

Starting a new business can be an unbelievably exciting time! Unfortunately, due to various governmental agency compliance issues, it can be an overwhelming undertaking.

The statistics don’t lie. Most new businesses will not make it past their first year. The big question is why?

Do you pay more or less income tax being married? Or, being single? Hmmm…well, it depends. There are no easy answers in the tax world. To make a long story, short – the so-called marriage penalties or marriage bonuses “generally occur when certain tax brackets and/or tax deductions for married couples aren’t twice the same amount for single taxpayers.” These marriage penalties or bonuses occur in numerous sections of the Internal Revenue Code (IRC).

This week’s tax tip looks at how to check up on the thing that gives you heartburn, your taxes! This tip comes from the good old IRS which has established online accounts for those who wish to check their tax history, information, and more whenever they want.

This week’s article takes a look at an animal investors might prefer to come face to face with in the wild than in the stock market: the bear. One silver lining of a sinking stock market is that it puts Roth IRA conversions on discount. This article provides a highly detailed comparison of the tax implications of traditional IRAs and Roth IRAs so that you can determine if a conversion can help you make the most of this downturn