Tax Reductions
Year-End Tax Planning Opportunities Are Here
Submitted by Desmond Wealth Management, Inc. on December 11th, 2023Last-Minute Year-End Tax Strategies
Submitted by Desmond Wealth Management, Inc. on December 11th, 2023Have You Gotten Bad Tax Advice From Novices?
Submitted by Desmond Wealth Management, Inc. on October 27th, 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, 2023Commonly Asked Tax Questions
Submitted by Desmond Wealth Management, Inc. on May 1st, 2023Wow! You Can Now Get a Tax Credit For Buying a Used Electric Vehicle
Submitted by Desmond Wealth Management, Inc. on March 4th, 20232023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have qualified for a tax credit, and although considerably less than the credit for purchasing a new electric vehicle, it does provide an incentive for lower-income taxpayers to acquire an electric vehicle.