Reid Kopald
Articles
Maximizing your retirement contributions: Navigating IRA limits for 2024
In today's ever-changing global economy, the push towards retirement savings is more critical than ever. With the stock market's ups and downs, yet overall upward trajectory, savvy investors are looking to bolster their financial futures. It's essential, however, to approach this with caution — especially for...
Decoding Form 1310: A guide to claiming tax refunds for deceased taxpayers
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Filing taxes for the deceased (A guide for the recently departed)
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
What is Net Investment Income (NII) [and how it is taxed]
Taxes – the unavoidable rendezvous that each of us has with Uncle Sam every year. – pro CPA Among the many companions of our tax journey, one that often raises eyebrows (and blood pressure) is the notorious net investment income tax (NIIT)....
What is Alternative Minimum Tax and strategies how to minimize AMT
The Alternative Minimum Tax (AMT) is a tax system that ensures wealthy individuals pay their fair share of taxes. This system operates alongside the regular income tax system and requires taxpayers to calculate their tax liability twice – once under the regular system and again under the AMT system. In t...
Form 8615: Tax for Certain Children Who Have Unearned Income
Filing taxes can be a complicated and confusing process, especially when it comes to certain forms. One of the forms that may be required for families with minor children is Form 8615, also known as "Tax for Certain Children Who Have Unearned Income." This form is used to report and calculate the tax...