Brady Ware News

Helping Your Kids Achieve Future Financial Security

Helping Your Kids Achieve Future Financial Security Young adults who start their careers weighed down by college debt have a tough time buying a home or initiating a retirement savings plan. That’s why, in 1996, Congress added Section 529 to the Internal Revenue Code, creating a new tax-advantaged college saving vehicle. More than two decades…

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Harvest Year-End Tax Rewards

Reap Tax Rewards from Year-End Harvesting The stock market has experienced plenty of ups and downs this year. So some investors are poised to take big gains for 2019, while others are currently showing losses and many have both. What are the tax consequences if you sell securities? There’s no fast answer. But it helps…

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IRS Updates Countries With Nonresident Alien Interest Reporting Requirements

IRS Updates Lists of Countries With Nonresident Alien Interest Reporting Requirements In a recent revenue procedure, the IRS updated two lists of countries with which the United States has agreements that require payers to report certain deposit interest paid to nonresident alien individuals who are residents of the other country. One list is of countries…

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Tax Reform Affects Divorce Settlements for Small Business Owners

How Tax Reform Affects Divorce Settlements for Small Business Owners How does the Tax Cuts and Jobs Act (TCJA) affect divorce settlements? Changes in the new law may require divorcing individuals — especially those who own businesses and other investments — to take a different approach to splitting assets and setting maintenance payments than under…

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Are Individual Health Plans the Future?

Is a New Individual Health Plan in Your Future? First the old news: Under the Affordable Care Act (ACA), employers with at least 50 employees (or full-time equivalents) are required to provide health benefits and pay for a good portion of the cost. And many smaller employers that aren’t required to offer health coverage do…

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