Reid Kopald
Articles
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...
Tax Deferral Schemes - Not In the US!
Many countries have their own version of a ‘tax deferral’ investment schemes. These are often intended to spur investment in the capital markets and prevent money from sitting under mattresses. However, the US tax treatment of your investment will remain the same - they will be taxable each year and must be reported on the tax return....
401k & Retirement Rollovers Explained
401k to Traditional IRA Rollover from a 401K to a Traditional IRA is a non-taxable event. You can rollover the 401K from your former employer to a Traditional IRA for more options and better control of your retirement portfolio (please contact your financial advisor for investment advice). ...