Reid Kopald
Articles
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). ...
FAFSA & Your U.S. Tax Return - What You Need to Know
Congrats! Little Janie and Johnny are off to college, you did your job. But - college isn’t free and your young scholars may need some assistance to pay for their degrees of higher learning. Along with scholarships and other merit based programs, the Federal Government helps to pay for college via ...
Seven Roth IRA Requirements You Need to Know in 2017
1. Limits for Contributions Did Not Change Individuals can contribute a maximum of USD 5,500, which did not change compared to 2016. Participants at least 50 years old can still contribute a maximum of USD 6,500 - commonly called a “catch up contribution.” Also remember that yo...
2017 Roth IRA Rules You Should Be Aware Of
#1 Contribution Limits Stayed the Same Standard Roth IRA contribution limits stayed the same as last year, with $5,500 being the limit any individual can contribute. In addition , plan participants ages 50 and over still have a limit of $6,500, which is commonly referred to as the...