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Tax Planning in Turbulent Times Part 2: Tax-Wise Investment Techniques
Submitted by Desmond Wealth Management, Inc. on November 15th, 2021The Basics of Depreciation
Submitted by Desmond Wealth Management, Inc. on November 7th, 2021Are you thinking about buying personal property (such as a car, a computer, or other equipment) or real property (such as a building)? If you use the property for personal purposes, it’s not deductible.
However, if you use it in a business, you can deduct the full cost using regular depreciation, bonus depreciation, or IRC Section 179 expensing.
10 Obstacles to Investing — and How to Overcome Them
Submitted by Desmond Wealth Management, Inc. on October 29th, 2021We’ve learned a lot about investing over the past 60 years, a period that has seen many breakthroughs in the world of finance. What we know comes from studying public markets and is grounded in serious academic research. The lessons are clear: Investing in markets is an excellent plan for meeting long-term goals, like maximizing your retirement income.
Understanding the Taxation of Cryptocurrency Transactions
Submitted by Desmond Wealth Management, Inc. on October 27th, 2021If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax issues you need to know about. Unfortunately, there are some unanswered questions and little specific guidance offered by the IRS other than in Notice 2014-21 and Revenue Ruling 2019-24.
Tax Planning in Turbulent Times Part 1: The Tools of the Tax-Planning Trade
Submitted by Desmond Wealth Management, Inc. on October 16th, 2021Whether you’re saving, investing, spending, bequeathing or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. No wonder people get nervous when there’s lots of talk about higher taxes, but little certainty on what may come of it, and who it might affect.
QUARTERLY MARKET REVIEW - Q3 2021
Submitted by Desmond Wealth Management, Inc. on October 16th, 2021Fall Tax Planning May Be Wise
Submitted by Desmond Wealth Management, Inc. on October 7th, 2021Key Questions for Long-Term Investors
Submitted by Desmond Wealth Management, Inc. on October 6th, 2021The IRS Backlog Is Causing Taxpayer Heartburn
Submitted by Desmond Wealth Management, Inc. on September 27th, 2021Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because lockdowns prevented processing centers from operating and workers from going to their offices.