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Five Tax Strategies Retirees Should Consider Before Dec. 31

CPA Practice

A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results. The fourth quarter is for tax planning, not tax reporting. I realize that I’m in the minority in thinking that tax planning is fun. Most people understand that we have different income tax brackets.

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Professionals on the Move – May 2024

CPA Practice

Scott’s focus is primarily on state corporate income and franchise taxes, but he also has experience with state personal income taxes, sales and indirect taxes, and gross receipts taxes Smith is a member of the Tennessee Bar, Washington, D.C.

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These Are the Retirement Accounts You Should Withdraw From First

CPA Practice

Drawing from cash will also keep your taxes low in your early years of retirement. This will allow you to move money from a traditional IRA, or any pre-tax account, into a Roth IRA at a potentially lower rate than what you would pay in the future. Basically, all the accounts you have yet to pay income taxes on.

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