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Cut through the noise: Stay up-to-date with tax insights that deliver real value to your clients. Our newsletters, curated by Steven Jarvis, CPA, offer actionable advice that goes beyond theory.| Retirement Tax Services
As a CPA firm, we also adhere to the AICPA's Code of Professional Conduct and the Statements on Standards for Tax Services (SSTS), which mandate the ethical and secure handling of all client information. Additionally, our team follows the recommendations of the Federal Trade Commission (FTC) regarding Gramm-Leach-Bliley Act (GLBA) compliance, ensuring that all nonpublic personal information (NPI) is protected. At Retirement Tax Services (RTS), we are committed to protecting your perso...| Retirement Tax Services
Unlock the power of tax planning for your clients| Retirement Tax Services - Financial Advisor Tax Solutions
Required minimum distributions (RMDs) are certainly a reason that a person’s tax rate might go up in retirement, but they’re not the only reason. There are a number of possible scenarios in which a person faces higher taxes in retirement when compared to their earning years. (And if you need help with planning for taxes in retirement, consider matching with a financial advisor.) The post Ask an Advisor: How Can Tax Rates Be Higher in Retirement Than Your Earning Years? first appeared on R...| Retirement Tax Services
If you ask some financial professionals, the answer to this question might be a resounding no, and the discussion would be over. But there are arguments for doing Roth conversions, even if you are in the highest tax bracket. The post Ask an Advisor: I’m in the Highest Tax Bracket and ‘Plan to Be There Moving Forward.’ Should I Do a Roth Conversion? first appeared on Retirement Tax Services.| Retirement Tax Services
Some financial advisors may be tempted to wash their hands of taxes and leave them to the accountants. But that approach doesn’t ensure the best outcome for their clients. Great financial advisors know that, while the calendar has turned over on 2022, there is still work to be done before it is left behind. And that work is around taxes. The post 7 Tax Pitfalls Financial Advisors Should Avoid This Season first appeared on Retirement Tax Services.| Retirement Tax Services
There is also no earned income requirement to convert to a Roth. As long as you have a balance in an IRA, in theory, you can keep converting to a Roth as long as you like. The post Is it too late to convert to a Roth? first appeared on Retirement Tax Services.| Retirement Tax Services
The default approach to tax preparation does little to ensure tax planning, and with it tax savings, are actually happening. This creates a huge opportunity for financial advisors who are willing to be proactive. The post The Tax Planning Process Every Advisor Can Implement first appeared on Retirement Tax Services.| Retirement Tax Services
Bringing on another professional to assist in planning can be daunting, but it can add value for clients. The post Advisors’ Most Asked Questions on Working With Tax Professionals first appeared on Retirement Tax Services.| Retirement Tax Services
A powerful strategy to discuss with clients interested in gifting is funding Roth accounts on behalf of children or grandchildren. The post Tax-Efficient Family Gifting: An Advisor’s Guide first appeared on Retirement Tax Services.| Retirement Tax Services
There is a fantastic opportunity for advisors to add value for their clients by checking in midyear and reviewing a pay stub to make sure their clients are on track. The post Midyear Tax Planning for Financial Advisors first appeared on Retirement Tax Services.| Retirement Tax Services
Many financial advisors will object to the headline of this article, but advisors represent an incredibly small percentage of all taxpayers. Very few taxpayers care to be able to describe the difference between a Roth IRA and a traditional IRA. What they want to know is which option is right for them and what action they should take. The post Clients Don’t Care About Roth vs. Traditional IRAs. So What? first appeared on Retirement Tax Services.| Retirement Tax Services
When I last Googled “IRS RMD Table,” the first result that popped up was a link to an active IRS web page with the outdated RMD information. Millions of people who clicked on the first link provided by Google were given, by the IRS, incorrect information. Countless other examples of incorrect tax information, ranging from capital gains rates to Medicare premiums to gifting limits and especially the math on Roth conversions can be found prominently displayed across the internet, including ...| Retirement Tax Services - Financial Advisor Tax Solutions
