By Kevin Theissen The Internal Revenue Service continues to be backlogged and shorthanded—because of years of mismanagement plus Covid-19 related difficulties. As of last month, the IRS had over 20 million tax returns and correspondence waiting to be processed. Last […]
Tag: By Kevin Theissen
Fed rate increases to hit the market
By Kevin Theissen Earlier this month, the Federal Reserve increased interest rates for the first time since December 2018 by 0.25%. Several more hikes are expected later this year. Fed chair Jerome Powell emphasized that he wants to see the […]
What to do with retirement income
By Kevin Theissen Many people assume that when retirement rolls around, they should draw cash from their taxable accounts first. Generally, this is a good idea, but not always. A fundamental of tax planning is to put off paying taxes […]
The Ukraine invasion has modest impact on market
By Kevin Theissen Vladimir Putin’s invasion of Ukraine may have made you feel for the suffering of the Ukrainian people – and may have made you think that the issues in America may not come close in comparison. From a […]
Beware of these tax scams
By Kevin Theissen Each year seems to have new scams designed to steal your tax refund. Each tax season, thousands of people are victims of fraud. In these scams, fraudsters trick their victims into giving them enough information to file […]
Caregivers, consider this
By Kevin Theissen Almost everyone must become a caregiver to a loved one at some point in their lives. It could be due to unexpected circumstances or old age and it’s important to prepare in case you must take on […]
What’s new this tax year?
Deadline for taxes is April 18 By Kevin Theissen Tax season is upon us again. It officially began on Jan. 24, and you’ll need to file by April 18 (unless you file for an extension). The deadline is usually April […]
Dealing with market volatility
By Kevin Theissen The start of this year has brought some market volatility that might have caused you some uneasiness. It might be difficult but remember that this is normal – especially after a year when the S&P 500 index […]
Tax planning changes in retirement
By Kevin Theissen It’s not uncommon for people to pay more in taxes than anticipated because our tax system treats various income types differently and has tax and penalties that many are unaware of. One way to consider the stages […]
Market predictions for 2022
By Kevin Theissen By any measure, 2021 was a strong year for investors. But what’s in store for 2022? From my perspective, I expect that many of the same forces that influenced markets last year will play a role again […]