RMD Changes
The SECURE ACT 2.0 was signed into law in [...]
Happy Holidays
Another year over, and a new one almost begun–happy holidays [...]
I Bonds
As we've all no doubt noticed, inflation has reared it's [...]
Happy 2022!
I hope all reading had a great holiday season and [...]
Happy Holidays from The Woods Financial Services Team!
Happy holidays to you and yours! As 2021 closes [...]
Year End Tax Planning and Possible SALT Legislation
November is the time of year when we are busy [...]
ROTH IRAs-To Convert or Not?
ROTH IRAs and conversions from Traditional IRAs have been getting a lot of press recently. This discussion has clearly piqued the interest of our clients, as we have received many questions about the process and tax implications. This interest is exacerbated by pending legislation likely to curtail common strategies employed with ROTHs. Here are my thoughts on the current and possible state of ROTHs.
The IRS is a Hot Mess
I'm stealing this blog post title from a Washington Post [...]
Advance Child Tax Credit-Opt Out?
Starting July 15, 2021, the IRS will start issuing [...]
Tax Filing Date Pushed Back
After resisting professional and congressional pressure to delay the Federal [...]