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Month: October 2014

Reducing the Savings Account Tax Burden

October 15, 2014October 13, 2014 Andre Rayford

Money you place in traditional savings accounts is already taxed by both the Federal and State governments. These after-tax deposits lower the amount you have available for savings. Lower deposit amounts also mean lower earnings potential. Then Interest earned on…

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The Weekly Tax Tip

Surprise! The Mutual Fund Tax Trap

October 13, 2014 Andre Rayford

Too often taxpayers receive a tax surprise at year-end due to actions taken by a mutual fund they own. What can add insult to injury is the unsuspecting taxpayer who recently purchases the shares in a mutual fund only to…

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The Weekly Tax Tip

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  • March 15 S Corporation and LLC tax return due:
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