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Posts Tagged ‘taxes’
The Ricks Report – February 5, 2018
The Ricks Report February 5, 2018 NUMBERS OF $IGNIFICANCE $ REQUIRED MINIMUM DISTRIBUTIONS – If you turned age 70 ½ sometime in 2017, then you must begin taking annual withdrawals from your IRA accounts no later than 4/01/18. If you delay your 1st withdrawal until 4/01/18, you must also take a 2nd distribution by…
Read MoreHow to Take Advantage of Tax Reform Before Year's End
by: Jude Heath CPA 6 tax savings ideas to consider before year’s end 1. Pay your 2018 property taxes early If your state and local taxes will be greater than $10,000, pay the excess by December 31st, leaving $10,000 to deduct in 2018. 2. Make an extra mortgage payment Make your January mortgage payment in…
Read MoreThe Ricks Report – November 27, 2017
The Ricks Report November 27, 2017 NUMBERS OF $IGNIFICANCE $ STILL THE AMERICAN DREAM? – The national homeownership rate in the USA as of 9/30/17 was 63.9%, down from a peak of 69.2% as of 12/31/04. Every 1 percentage point reduction in the home-ownership rate represents 1.2 million households that have changed from homeowner…
Read MoreThe Ricks Report – November 6, 2017
The Ricks Report November 6, 2017 NUMBERS OF $IGNIFICANCE MORE AND MORE RENTERS – The 111.4 million households that existed in the United States on 9/30/09 were split between 75.3 million owners and 1 million renters. The 119.1 million households in the United States on 9/30/17 were split between 76.2 million owners and 42.9…
Read MoreWinning at Life: How to Slash Taxes on Company Stocks in Your 401k
On Winning at Life, Gregory Ricks and James Parker explain how a rarely used rule called Net Unrealized Appreciation can dramatically reduce the tax burden of getting stocks out of your company plan.
Read MoreWinning at Life: Tax Scam Busted in Gulfport
Gregory Ricks and James Parker break down the story of a Gulfport tax preparer who is heading to jail for filing fraudulent returns. You have to be able to trust your accountant, and Gregory has some insight on ways you can tell the good from bad. This segment was recorded live on Winning at Life…
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