Backdoor Roth IRA

Conversions are not limited to IRAs, transferring funds from a traditional IRA to a Roth IRA it's called a conversion. There is no limit...

Rolling Over (IRA)

Contribution limitations For contributions to a Roth IRA you must follow income limitations which usually tend to each year. For...

Above the line deductions

The AGI line - preliminary figure calculated on tax returns after reporting all income that's subject to tax, including the taxable...

Tax deduction

Ask clients if any RSU are included in stocks transactions.

RSU are taxed when delivered, the vesting date also called exercise date. The value of the RSU at the time of vesting is considered taxable employment income and subject to any state and federal income and employment taxes. The income and withholdings should be included in the W-2 for the year of vesting.

Retirement planning

Planning for retirement

Business Auto expense

Transportation

Home office tax deduction

Non-deductible business expenses

Business taxes

Getting into Royalties.