Thinking Ahead: Accelerate Your Charitable Contributions

If you are a high-income earner and make large charitable gifts every year (or anticipate large gifts in the future) you might want to consider accelerating your charitable contributions to take advantage of the current income tax benefit.  A charitable gift in 2016 may provide substantially more benefit than you … Read more »

2016-2017 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year, although some of the income thresholds have changed.  If you want to begin planning … Read more »

2015-2016 Contribution Limits for Tax Deferred Savings

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year.  If you want to begin planning for your 2016 contributions or to maximize your … Read more »

Donor Advised Funds and Tax Efficient Charitable Contributions

It’s been said that most people practice “checkbook charity,” that is, writing a check when asked for a donation.  This is the simplest way to make a charitable gift but may not be the most tax-efficient.  As an alternative, many people know that they can make a contribution of stock … Read more »

IRS Gives Extra Time to File and Pay Taxes for Harris County Residents

Many Harris County residents have suffered greatly from the recent rains and flooding on Memorial Day 2015.  (Click here for info on 2016 floods.)  Because of the significant and wide-ranging damage, Harris County has been declared a federal disaster area.  As such, the IRS has provided an extension of time to file and … Read more »

Telephone Calls from the IRS May Not Be What They Seem

It’s not enough that we have to file tax returns and deal with legitimate questions from the IRS.  Lately, we have had several queries from clients or friends who have received phone calls from people purporting to be from the IRS.  The callers generally demand immediate payment for “back taxes” and do their best to … Read more »

Owen Murray On Roth IRA Planning in L.A. Times Article

Owen Murray, director of investments for Horizon Advisors, was interviewed by Dean Starkman for an article discussing year end tax planning ideas, titled “Year-end tips may yield tax savings”, that appeared in the December 24th edition of the Los Angeles. Owen described a recent partial Roth IRA conversion which we … Read more »

Owen Murray On Charitable Planning in Wall Street Journal Article

Owen Murray, director of investments for Horizon Advisors, spoke with Jason Zweig for an article that appeared in the December 20th edition of the Wall Street Journal, titled “What ‘Petro Panic’?”.  Zweig’s article addresses portfolio adjustments in light of the recent drastic decline in oil prices as well as some other year end … Read more »

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