Pinnacle CPA Advisory Group Archives | Page 23 of 46

‘Life settlements’ provide payout options for unneeded policies

Sep 28, 2022 | News to Note

From Thomson-Reuters and the Pinnacle CPA Advisory Group — Besides providing loved ones with a source of funds for income replacement in the event of an untimely death of the family’s breadwinner(s), people buy life insurance for a variety of reasons. For...

Tax impact of capital gains and losses in a gyrating stock market

Sep 21, 2022 | News to Note

From Thomson-Reuters and the Pinnacle CPA Advisory Group — If you invest in stocks, stock mutual funds, or stock ETFs, you’ve probably had a wild ride this year. You may have already realized some significant capital gains and some significant capital losses —...

Inflation Reduction Act changes tax credit for electric vehicles

Sep 14, 2022 | News to Note

From Thomson-Reuters and the Pinnacle CPA Advisory Group — The IRS currently provides a tax credit of up to $7,500 for purchasing certain new electric vehicles. The Inflation Reduction Act of 2022 makes several changes to the credit, which has been renamed the Clean...

Did you hear the student loan announcements? Scammers did, too

Sep 7, 2022 | News to Note

From the Federal Trade Commission — You’ve probably already heard about the new government plan that will forgive some federal student loans, once it’s up and running. Also in the news: the federal student loan payment pause has been extended to December 31, 2022. But...

How to avoid taxes when you come into a large sum of money

Aug 31, 2022 | News to Note

From SmartAsset.com — By Sarah Sharkey — A windfall of a large sum of cash is something to celebrate. But if you don’t play your cards right, the government will expect a major part in taxes. The good news is that smart tax planning strategies can help you minimize...

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‘Life settlements’ provide payout options for unneeded policies

Tax impact of capital gains and losses in a gyrating stock market

Inflation Reduction Act changes tax credit for electric vehicles

Did you hear the student loan announcements? Scammers did, too

How to avoid taxes when you come into a large sum of money

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