As the new year arrives, for us in tax planning and compliance it also means that we are preparing to send out tax organizers and begin the "tax season." As you begin collecting your tax information, we wanted to provide the following notes and reminders that may be helpful to you. Important tax information forms will generally arrive to you at different times: W-2s, 1099-Rs, 1099-Misc, 1099-Div, 1099-Int, 1098, 1098-T, 1095-A, 1095-B, and 1095-C must be mailed by January 31, 2015; 1099s ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
The leg of our collective journey that was calendar year 2014 has brought us to a place that is very different than where many thought we would find ourselves as 2015 begins. As with every year, last January pundits and economic soothsayers peered into their crystal balls to “enlighten” us and give their guidance as to what we should expect for the coming year. And just like a guess when flipping a coin, some of the predictions came true while many proved to be complete misses and entirely off ... [Continue Reading]
As the end of another tax year approaches, it is important to begin thinking about your 2014 income tax situation. We are advocates of a proactive and forward looking approach to income taxes. In other words, we believe that analysis and work done now prior to the end of the year can make the preparation of your 2014 income tax returns free of unwelcome surprises or missed opportunities. Following are some time-sensitive questions to consider at year-end: Have I paid in a sufficient ... [Continue Reading]
As the cost of college has grown dramatically over the last couple of decades, fewer families are able to fund it from cash flow. As a result, increased importance is placed on planning for educational expenses. One tool utilized for educational planning is the 529 plan. This plan is named after Section 529 of the Internal Revenue Code created by Congress in 1996 - an important Code that in short, offers families a simple, tax-efficient way to save for higher education. As a result of going ... [Continue Reading]
One of our primary roles at Carlson Capital Management is to integrate a solid investment strategy into the financial lives of our clients. This requires us to be students of history, rigorous in the study and application of empirical facts, to understand what can be controlled and what cannot be controlled and to be forward-looking into life's changing circumstances. The combination of ingredients that make us most successful is experience, science-based rigor and expertise, a plan, and a ... [Continue Reading]