Is a Roth IRA Conversion Right for You This Year in Tampa Florida?

Is a Roth IRA Conversion Right for You This Year?

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If you have a traditional IRA, you might benefit from converting some or all of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: Roth IRAs don’t require you to take distributions...
Give and Receive With a Charitable Remainder Trust in Tampa, Florida

Give and Receive With a Charitable Remainder Trust

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Would you like to benefit charity while reducing the size of your taxable estate yet maintain an income stream for yourself? Would you also like to divest yourself of highly appreciated assets and diversify your portfolio with minimal tax consequences? Then consider a CRT. Here’s...
Two tax pitfalls of mutual funds in Tampa, Florida

Two Tax Pitfalls of Mutual Funds

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Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering such investments, beware of these two tax pitfalls:...
Misclassified Employees as Independent Contractors in Tampa, Florida

Have You Misclassified Employees as Independent Contractors?

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An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s a potential...
Estate and Gift Tax Exemptions and Planning inTampa, Florida

Why You Need to Know the Value of Your Assets

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With the gift and estate tax exemptions currently at $5.34 million, you might think that estate valuations are less important. But even if you believe that your estate’s value is under the exemption amount, it’s still important to know the value of your assets. First, your estate...