Reid Kopald
Articles
Late IRA Rollover Contributions
Among the many different requirements for valid IRA rollover contributions is the requirement that individuals must complete the rollover within 60 days following receipt of the distribution from the original retirement plan. If this 60 day window is exceeded, the money may be considered a distribution from the plan - which makes it taxable, and ...
Not All Tax Paid in France Is Eligible for U.S. Income Tax Purposes
If you ever took the SATs, you should be fairly familiar with analogies. If we were to ask - which of these does NOT apply. Q: France: Romance A. France: Fluffy croissants B. France: World Class Museums C. France: Beautiful Beaches & Mountains D. France: High Taxati...
Social Security & Expats - Q&A
Retirees are a large part of our client base and we consistently put out articles relevant to their needs. We are frequently asked questions about social security and wanted to put together a Q&A covering these topics. 1. ...
How to Take Advantage of the Recently Passed Tax Bill
It is normal to do a few things at year end to reduce your taxes in April. This is even more important this year, with the recently passed tax bill reforming the United States tax code. There is money to be saved if you take a few steps now. The bill, which includes new, lower, tax rates along with many other provisions goes into effect...
Hobby Income: Five Things You Need to Know
There are thousands of Americans who earn income from their hobbies. Hobby or not - It is important to remember that this income must be reported on a taxpayer’s tax return, regardless of whether it is from a traditional job or a favorite pastime. Hobby, or Business? ...
Gift Tax Implications For Weddings
Will you owe gift tax on your wedding gift to your child? Little Janie or little Mike is all grown up and getting married. Aside from picking out flowers and screening the band, if you plan on paying for this expensive affair, make sure to plan ahead or else you may find yourself o...