Would a Roth IRA Conversion Make Sense for You?
Roth IRA and 401(k) accounts were created in 1998. Contributions to Roth accounts are taxed on the front end at ordinary tax rates when...
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Brewer, Eyeington, Patout
Aug 19, 20216 min read
Following Up on Coronavirus-Related Distributions from IRAs
If you were adversely affected by the COVID-19 pandemic, you may have taken a tax-favored coronavirus-related distribution (CVD) from a...
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Brewer, Eyeington, Patout
Jul 21, 20215 min read
Reap Tax Rewards from Securities Harvest This Fall
With autumn coming up in a couple months, it's time to think about "harvesting" capital gains or losses from sales of securities. In...
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Brewer, Eyeington, Patout
Jul 12, 20214 min read
Should You Consider an Employer Roth 401(k) Account?
Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a...
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Brewer, Eyeington, Patout
Jul 6, 20214 min read
Consider Using Advance CTC Payments to Start a College Fund
If you're eligible for advance child tax credit (CTC) payments provided by the American Rescue Plan Act, you might wonder whether you...
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Brewer, Eyeington, Patout
Jun 23, 20214 min read
4 Tax-Saving Credits for Families
Families may be able to cash in on various tax credits to offset their tax liability on a dollar-for-dollar basis. Plus, recent...
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Brewer, Eyeington, Patout
May 27, 20215 min read
Material Participation Standard is the Key to Unlocking LLC Tax Losses
Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity...
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Brewer, Eyeington, Patout
May 21, 20215 min read
How Landlords Can Cope with Pandemic Fallout
How can tenants pay their regular monthly rent bills if they're out of job? As unemployment skyrocketed due to the COVID-19 pandemic,...
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Brewer, Eyeington, Patout
Mar 24, 20216 min read
Big Changes to the Child Credit for 2021
The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the...
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Brewer, Eyeington, Patout
Mar 9, 20215 min read
4 Important Changes on Your 2020 Tax Return
Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are you ready? The pandemic...
213 views0 comments
Brewer, Eyeington, Patout
Mar 5, 20215 min read
How Can Business Owners Lower Last Years Tax Bill?
Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for...
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Brewer, Eyeington, Patout
Feb 11, 20215 min read
New Law Adds Tax Breaks
President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks...
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Brewer, Eyeington, Patout
Apr 28, 20204 min read
4 Possible Reasons to File an Amended Return
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act delivers good news to individuals and businesses, including...
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Brewer, Eyeington, Patout
Apr 9, 20201 min read
Quick Registration for Economic Impact Payments
The Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact...
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