Cornerstone Financial Advisory

DECEMBER 16, 2024

.” – Alfred, Lord Tennyson Tax Tip… Have You Created Your IRS Online Account? This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional. Please consult your financial professional for additional information.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

DECEMBER 23, 2024

.” – Anas Nin Tax Tip… What is the Lifetime Learning Credit? The Lifetime Learning Credit (LLC) is a tax credit for qualified tuition and related expenses. The credit is worth up to $2,000 per tax return. This information is not a substitute for individualized tax advice.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

NOVEMBER 11, 2024

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional. Please consult your financial professional for additional information. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

OCTOBER 28, 2024

Food for Thought… “ Keep your thoughts free from hate, and you need have no fear from those who hate you.” – George Washington Carver Tax Tip… Is Your Office in a Historic Building? Taxpayers use Form 3468, Investment Credit, to claim the rehabilitation tax credit.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

NOVEMBER 4, 2024

This also includes specific tax advice for military members on combat zone tax benefits, special extensions, and other special rules. This also includes specific tax advice for military members on combat zone tax benefits, special extensions, and other special rules.

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Marketing Marketing Taxes Economics 52

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. In tax lingo, this is known as substantial risk of forfeiture.

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Taxes Tax Planning Startup Valuation 52

Zoe Financial

DECEMBER 9, 2024

Market Valuations : Multiples are no longer considered cheap. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. S&P 500 : Up 1% for the week and 27.7% Nasdaq : Up 3.3%

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Marketing Marketing Economics Taxes 40

Cornerstone Financial Advisory

DECEMBER 2, 2024

Treasury note yield is expressed in basis points. Tariff Talk Some of the post-election rally has been driven by investor expectations for less regulation and lower corporate taxes proposed by the incoming administration. This information is not a substitute for individualized tax advice.

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Marketing Marketing Economics Taxes 52

Zoe Financial

JANUARY 6, 2025

Will the Federal Reserve continue to lower interest rates, supporting valuations? Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Will the economy avoid a recession?

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Marketing Marketing Economy Taxes 40

Diamond Consultants

JUNE 1, 2023

Here are 3 valuation scenarios to address that curiosity. Focus Financial Partners, the largest investor in the independent space, is being taken private at a $7B valuation. Prolific RIA acquirer CI Financial recently monetized a stake in their business at a $5B valuation. Those are some eye-popping numbers.

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Valuation Recruitment Retirement Distribution 98

Cornerstone Financial Advisory

NOVEMBER 18, 2024

Food for Thought… “If we all worked on the assumption that what is accepted as true were really true, there would be little hope of advance.” – Orville Wright Tax Tip… What To Do If You Get Mail From the IRS The IRS sends letters and notices for many different reasons.

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Marketing Marketing Economics Taxes 52

Darrow Wealth Management

OCTOBER 31, 2022

Due to tax implications, liquidity issues, and periods of heightened market volatility, exercising options before an anticipated initial public offering may not be worth the risk. One of the top risks for people with incentive stock options (ISOs) is not having cash to pay the taxes due from the exercise. Instacart isn’t alone.

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Marketing Marketing Taxes Valuation 92

Darrow Wealth Management

NOVEMBER 14, 2024

Tax implications of exercising and selling stock options If you have stock options as a large part of your income, taxes are especially important. How stock options are taxed depends on the type of options you have and your sale and exercise strategy. However, that doesn’t mean you won’t need to pay taxes!

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Taxes Sales Wealth Management Planning 52

Darrow Wealth Management

OCTOBER 21, 2024

When unexercised ISOs are cashed out at closing, it’s considered a cancellation of stock options for tax purposes, not a disqualifying disposition. This is important, as the former will be subject to payroll tax. Should the deal not go through, you may be left with a large tax bill and no liquidity to pay it.

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Taxes Wealth Management Planning Media 114

Cornerstone Financial Advisory

DECEMBER 9, 2024

” – Helen Keller Tax Tip… Beware of the Fake Charity Scam There are so many scams out there. You can research charity organizations using the IRS Tax Exempt Organization Search toolthis will help you narrow down a list of legitimate charities. You may even be able to claim a deduction on your tax return.

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Marketing Marketing Taxes Economics 52

Carson Wealth

JANUARY 25, 2024

By Ryan Egolf, EA, Senior Tax Planner If you or your children are in the college hunt, the prospect of paying for school could be disheartening given its alarming price tag. That could lead to less aid if your business has a high valuation. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.

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Consulting Taxes Education Assets 97

Cornerstone Financial Advisory

DECEMBER 30, 2024

” – Leo Tolstoy Tax Tip… Do You Have to Pay Taxes on Your Hobby? Whether you picked up embroidering, dog grooming, or making jewelry, a side hobby may or may not require paying taxes. Does your kids’ lemonade stand need to pay taxes? These factors may result in greater share price volatility.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

FEBRUARY 26, 2024

Nvidia’s market cap rose by $277 billion on the news, pushing it to a $2 trillion valuation. ” – August Wilson Be On Alert For IRS Scams This tax season, the IRS expects an uptick in tax-related scams. Demand that you immediately pay your taxes over the phone. Take a debit or credit card number over the phone.

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Marketing Marketing Economics Taxes 105

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. Exercise ISOs early in the year to manage or avoid AMT To get long-term capital gains tax treatment, you need to hold ISOs through the end of the year of exercise.

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Taxes Tax Planning Planning Financial Advisor 59

Cornerstone Financial Advisory

SEPTEMBER 25, 2023

” – Larry King Think About Credits And Deductions Now To Prepare For Filing Here are a few facts about credits and deductions that can help you with year-round tax preparation: Taxable income remains after someone subtracts any eligible deductions from their adjusted gross income, including the standard deduction.

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Marketing Marketing Taxes Economics 111

Cornerstone Financial Advisory

MARCH 18, 2024

You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help. If your total net capital loss is more than the limit you can deduct, you can carry it over to next year’s tax return.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

OCTOBER 9, 2023

The Internal Revenue Service (IRS) has a handy tool called the Tax Withholding Estimator, which can help you manage having too much or too little tax withheld from your wages. This information is not intended to substitute for specific individualized tax advice. These factors may result in greater share price volatility.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

OCTOBER 2, 2023

” –John Steinbeck Who Can Deduct Car Expenses On Their Tax Returns? Can you deduct expenses such as gas, depreciation, and lease payments on your tax returns? This information is not intended to substitute for specific individualized tax advice. Please consult your financial professional for additional information.

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Marketing Marketing Taxes Economics 111

Cornerstone Financial Advisory

FEBRUARY 19, 2024

Here’s How It May Affect Your Taxes Taxpayers who work in the gig economy may benefit from a better understanding of how their work affects their taxes. Taxpayers who work in the gig economy may benefit from a better understanding of how their work affects their taxes. These factors may result in greater share price volatility.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

FEBRUARY 5, 2024

” – Jim Rohn Vacation Home Rentals If you receive money for the use of your primary residence, you may have to report this rental income on your tax return; this means that the “vacation home rental” classification can apply to your home, even if you don’t own multiple short-term rental properties.

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Marketing Marketing Taxes Economics 104

Cornerstone Financial Advisory

MARCH 11, 2024

State and local income tax refunds may be taxable and should be reported on your federal taxes. If a policy is surrendered prematurely, the policyholder may also pay surrender charges and have income tax implications. Please consult your financial professional for additional information.

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Marketing Marketing Insurance Taxes 103

Cornerstone Financial Advisory

JULY 10, 2023

” – Maya Angelou IRS Program Helps Seniors Prepare Taxes The Internal Revenue Service (IRS) has a tool called Free File, which offers online tax preparation, direct deposit of refunds, and electronic filing choices. Free File has a majority of the most common forms needed when filing your taxes.

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Marketing Marketing Taxes Economics 105

Harness Wealth

FEBRUARY 26, 2023

Cost-saving tax planning can be much more difficult to implement after your company is well-established and has reached the stage where an IPO, merger, or acquisition becomes a likely event. The first three options are pass-through entities, so profits and losses are distributed to the owners who are taxed on them.

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Tax Planning Startup Taxes Planning 52

Cornerstone Financial Advisory

OCTOBER 31, 2022

Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Free File is a tax prep software for taxpayers whose 2021 total adjusted gross income was $73,000 or less. Find payment options, including IRS Direct Pay which allows you to pay tax bills directly from your bank account.

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Marketing Marketing Economics Taxes 105

Cornerstone Financial Advisory

JANUARY 2, 2024

” – Bertrand Russell Need Last Year’s Tax Returns? Help is available for taxpayers who need tax information for prior years but still need to keep copies of their returns. This is often the easiest way to get a copy of your tax returns. Order a tax transcript. “To conquer fear is the beginning of wisdom.”

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Taxes Numbers Investment Advisor Investing 104

Cornerstone Financial Advisory

MARCH 4, 2024

Here’s How To Pay If you owe federal taxes, you must pay by the April deadline. Remember, if you get an extension to file your taxes, payment is still due by the April deadline. Pay when you e-file: If you file your federal tax return electronically, you can pay directly from your bank account using electronic funds withdrawal.

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Marketing Marketing Economics Taxes 101

Cornerstone Financial Advisory

OCTOBER 23, 2023

” – Og Mandino Gig Economy Tax Tips There are some essential tips to remember if you work as a gig worker: All income is taxable, regardless of whether you receive information returns, including full-time and part-time work and those paid in cash. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

DECEMBER 18, 2023

” – Charles Schulz Tax Benefit And Credits: FAQs For Retirees Lots of questions can come up about income taxes after one has retired. This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

SEPTEMBER 5, 2023

” – Aristotle Protect Your Tax Data Protecting your data is very important in today’s digital age. The Internal Revenue Service shared guidelines tax pros should follow to protect taxpayer data. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Economics Taxes 105

Cornerstone Financial Advisory

FEBRUARY 12, 2024

Create Digital Copies Of Important Documents: Most financial organizations, such as banks and insurance companies, provide digital copies of bank statements, tax returns, and insurance policies anyway, and keeping all these digital copies saved and organized is an excellent practice to get into.

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Marketing Marketing Economics Taxes 105

Cornerstone Financial Advisory

NOVEMBER 27, 2023

There are some important tax tips to know to set yourself up for success. Here are some tips that the IRS shares for new business owners: Choose the right business structure: The form of business determines which income tax return a business taxpayer needs to file. Please consult your financial professional for additional information.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

JANUARY 29, 2024

” – Albert Einstein Couples Who Work Together, Tax Together As more households decide to start a business, many couples learn about the tax responsibilities related to such businesses. These relationships involve different tax situations. We suggest you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Economics Taxes 105