This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. 1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your…
This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. 1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your…
This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4…
This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Many employers will offer a 401(k) to their employees. A 401(k) plan offers many advantages to employees. The biggest advantage is tax-deferred investing. These accounts are not…
Health Savings Accounts (HSAs) are a tax efficient way to pay for health care. To establish a HSA you need to be eligible. Taxpayers are eligible if: They are not on Medicare and; They are enrolled in a High…
Extended filing deadline for Individual returns (form 1040) The IRS had extended the filing deadline for individual income tax returns (form 1040) ONLY to May 17, 2021. Tax payments can be made up to the May 17th filing date…