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Submitted by Desmond Wealth Management, Inc. on November 8th, 2023Obscure and Overlooked Tax Deductions, Credits, and Benefits
Submitted by Desmond Wealth Management, Inc. on October 17th, 2023As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would take a thick book to list everything.
Top 10 Legitimate Tax Strategies Every Physician Should Know To Safeguard Their Finances
Submitted by Desmond Wealth Management, Inc. on October 16th, 2023Recently, the Internal Revenue Service (IRS) has markedly intensified its efforts to uncover instances of tax evasion, leaving no room for tax dodgers to go unnoticed. A striking case that serves as a stern reminder of this heightened scrutiny involves Dr. Fares J. Rabadi, a dedicated physician based in Los Angeles. Dr.
When Is an Opportune Time to Convert Your Traditional IRA to a Roth IRA?
Submitted by Desmond Wealth Management, Inc. on October 11th, 2023Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act
Submitted by Desmond Wealth Management, Inc. on October 11th, 2023Will the Recently Passed Pension Legislation Affect You?
Submitted by Desmond Wealth Management, Inc. on June 19th, 2023What’s in the SECURE 2.0 Act?
Submitted by Desmond Wealth Management, Inc. on January 31st, 2023Last-Minute Year-End Tax Strategies
Submitted by Desmond Wealth Management, Inc. on December 4th, 2022Managing Gains and Losses in a Turbulent Year
Submitted by Desmond Wealth Management, Inc. on November 15th, 2022It's been a rough Fall for the stock market - so much so that you should probably carefully review your portfolio and other capital transactions to minimize gains or maximize losses for the year. Remember, capital gains and losses are not just limited to stock transactions. For example, stock losses can offset the gain from the sale of a rental.