It’s double IRA season! Until April, many IRA-related contributions can be counted as either for last year or for this year. This month’s eLetter focuses on IRA tax issues, which are so pertinent for those who smartly plan for retirement. (To download the January eLetter, click here).
Double IRA: Smart Tax and Smart Retirement Planning
It’s never too early to plan! Well, fortunately, it’s not even too late to plan. This month’s eLetter explains how it’s “Double IRA” season, when you can contribute either to last year’s or to this year’s retirement. That’s just one trick up our sleeves to minimize your taxes. Secondly, this issue talks about the importance of car insurance. Many affluent people do not have sufficient coverage and, should – God forbid – a really damaging accident / injury accident happen, you may be unpleasantly surprised about the limitations of your insurance and the vulnerability of your assets. Finally, the TCJA (or “Trump Tax Cuts”) are discussed, again, with reference to business meal deductions.
About Safe Harbor LLP – a Professional CPA Firm in San Francisco
Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Its goal: to be the best CPA firm in San Francisco.
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