The markets are up on expectations of significant tax reform. What happens if those expectations aren’t met? Liz Ann Sonders and her team at Schwab take a look at the bull market and offer a forecast. Many investors are finding a surprise in this year’s Form 1099s. If you’re facing a high tax bill this year, there are a number of things you can do to lower your taxes for 2017. Mark Astrinos of the AICPA suggests six of them. Tax season is also a good time to take a second look at your estate planning. Caroline Demirs Calio explains the ten most common estate planning mistakes, and shares ways to make sure your heirs receive the legacy you want to pass on to them.
“Phenomenal” Expectations– Stocks had been trading in a range around the 20,000 mark on the Dow for several weeks, but found their upside catalyst when President Trump promised “phenomenal” tax reform on February 9th. According to Liz Ann Sonders, Chief Investment Officer at Schwab, be prepared for a pullback, but don’t fear it marks the end of the bull market. Read more…
Reducing Investment Taxes In 2017– Investors are currently receiving their Form 1099s. Here is a list of proactive planning steps to minimize investment related taxes for this year from the Journal of Accountancy. Read more…
10 Common Estate Planning Mistakes– Will your heirs receive the legacy you want to leave them? Here is a list of the 10 common estate planning mistakes from the Journal of Financial Planning. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller