Timothy Sumer

Taking the Next Step: 📞 Book a Professional Tax Strategy Consultation: 🤑 Watch this FREE Training to Learn How to Save on Taxes, Legally: Learn How to Grow Your OWN Rental Portfolio & Reduce Taxes Legally! My Tax Strategy Programs: Tax Free Living Bundle (47% off): 🏡  Buy Tax Alchemy Rental Loss Program Now: Book a Discovery Call to Learn More About Tax Alchemy: Check out these links Below! Get Help Setting up Your LLC: Learn How to Self Direct Your IRA or 401k: *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Sil...

IRA Distributions Playlist: Google Classroom: Code: z3mm4rx OneNote Resources with Language Translation: Income Tax Preparation 2022 - 2023... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA IRA Distributions and Income Tax Preparation for 2022 - 2023 As the tax season approaches, it is important to understand the rules and regulations surrounding individual retirement account (IRA) distributions and their impact on your income tax return for the upcoming year. IRAs are a popular vehicle for individuals to save for retirement while enjoying certain tax advantages. However, failure to comply with the applicable distribution rules can lead to penalties and unnecessary taxes. This article aims to provide you with a comprehensive guide on IRA distributions and income tax preparation for the year 2022 - 2023. IRA Distributions: An Overview ...

Exceptions for IRA Distributions Income Tax 2023 You can also join our Accounting Instruction Free Month Membership here: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Exceptions for IRA Distributions Income Tax 2023 When it comes to planning for retirement, individuals often consider strategies such as investing in an Individual retirement account (IRA). One of the major advantages of an IRA is the potential tax benefits it offers. However, understanding the rules and regulations surrounding IRA distributions and income tax is important to make informed decisions about your retirement savings. In this article, we will discuss some exceptions for IRA distributions income tax in 2023. 1. Qualified Roth IRA Distributions: One exception to the income tax on IRA distributions in 2023 is qualified distributions from a Roth IRA. Qualifie...

On today's Taxes Made Simple, we delve into the most requested and important topic that every taxpayer should be aware of: strategies that average to wealthy earners can utilize to pay as little taxes as possible! Taking the Next Step: 📞 Book a Professional Tax Strategy Consultation: 🤑 Watch this FREE Training to Learn How to Save on Taxes, Legally: Learn How to Grow Your OWN Rental Portfolio & Reduce Taxes Legally! My Tax Strategy Programs: Tax Free Living Bundle (47% off): 🏡 Buy Tax Alchemy Rental Loss Program Now: Book a Discovery Call to Learn More About Tax Alchemy: Check out these links Below! Get Help Setting up Your LLC: Learn How to Self Direct Your IRA or 401k: *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies menti...

Invest in tax-efficient vehicles, such as Roth IRAs or 401(k)s. #personalfinance #savemoney #makemoney... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Invest in Tax-Efficient Vehicles, such as Roth IRAs or 401(k)s When it comes to investing for the future, it's essential to consider tax efficiency as a crucial aspect of your strategy. By investing in tax-efficient vehicles like Roth IRAs or 401(k)s, you can potentially reduce your tax burden and maximize your returns over time. These investment options offer numerous benefits and can help you achieve your financial goals more efficiently. Roth IRAs (Individual Retirement Accounts) are specifically designed to provide tax advantages for retirement savings. With a Roth IRA, you contribute after-tax income, meaning you don't get an immediate tax deduction for your contributions. ...

This video shows how to calculate pension expense and record the pension expense journal entry for a defined-contribution plan (such as a money purchase plan or a 401k). — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS * — SUPPORT EDSPIRA ON PATREON * — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: * Spotify: * Website: — GET TAX TIPS ON TIKTOK * — ACCESS INDEX OF VIDEOS * — CONNECT WITH EDSPIRA * Facebook: * Instagram: * LinkedIn: — CONNECT WITH MI...

Taking the Next Step: 📞 Book a Professional Tax Strategy Consultation: 🤑 Watch this FREE Training to Learn How to Save on Taxes, Legally: Learn How to Grow Your OWN Rental Portfolio & Reduce Taxes Legally! My Tax Strategy Programs: Tax Free Living Bundle (47% off): 🏡  Buy Tax Alchemy Rental Loss Program Now: Book a Discovery Call to Learn More About Tax Alchemy: Check out these links Below! Get Help Setting up Your LLC: Learn How to Self Direct Your IRA or 401k: *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA ...

Can companies see through inflation? Do they fall for some form of “money illusion” by believing increasing revenues signal an increase in real demand? Professor Elia Ferracuti examined how firms respond to inflation surprises and how internal information systems can help. For more information, visit: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Investment, inflation, and internal information systems are interrelated concepts that have a significant impact on the functioning of a modern economy. Investment is a critical driver of economic growth and helps to create employment opportunities, increase productivity, and promote innovation. However, investment decisions are affected by various factors, including inflation, which can have a negative impact on the investment climate. Inflation is the rate at which t...

Click on the link below to get our free exclusive eBook today: "14 Metrics That Every CEO Needs to Know". If you are the beneficiary of a 401k plan , but you are not the spouse, then you need to understand your options.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA In order to ensure that retirement assets are distributed according to the wishes of the account owner after their passing, 401K plans have beneficiary distribution restrictions in place. These restrictions are meant to protect the interests of the beneficiaries, as well as to ensure that distributions are made in accordance with the rules of the plan and the law. One of the key restrictions that applies to 401K plans is the requirement that distributions must be made in a certain way depending on the age of the account owner at the time of their passing. If the ac...

In this episode, Jay and Chris discuss the differences between a Simple 401K, Simple IRAs, and SEP IRAs. How can this save you money on taxes and save you money on retirement? Tune in to find out how! Don't forget to subscribe to our channels! We appreciate support from our viewers and listeners. ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As an entrepreneur, you might have heard about Simple IRAs, SEP IRAs, and Simple 401Ks - different types of retirement plans for small business owners. However, it's understandable if the jargon makes your head spin. That's why in this Accounting For You episode, we'll break down these retirement plans to help you understand what they mean and which plan is best suited for your business. Firstly, let's start with Simple IRAs. A Simple IRA stands for Savings Incentive ...

Energy is the core of the economy and inflation needs to be addressed If you would like to claim your two free tickets to our world-class 3-Day Asset Protection & Wealth Creation Summit LIVESTREAM go to:👉 👇Subscribe to get your free ebook: Total Asset Protection secrets. Written by some of the Foremost Asset Protection Experts in the World. Learn the secrets of how to: ✅Protect Your Bank and Brokerage Accounts ✅Protect Your Retirement Plans ✅Protect Your Rental Properties ✅Protect Your Small Business Visit for webinars, financial strategies, and updates on our upcoming summits. Follow us on: 👉Instagram 👉Facebook 👉Linkedin 👉Attend the 3-day submit Protect Wealth Academy Seeks to Provide World-Class Financial Education and Strategies From Leading Experts To Build And Protect Wealth For Peace of Mind, Family Legacy and Future Security. Legal Disclaimer: No earnings claims, warranties, or s...

Are you doing all you can to maximize your IRA? Many people think that they don’t have enough money to get started with self-directed retirement accounts, but that’s not true! A common misconception that keeps people from investing is that you can’t do anything with a small dollar account. Strategies such as partnering, options, and other real estate techniques provide the opportunity for even the smallest accounts to grow. You will learn: - Strategies to maxmize your IRA - Generational Wealth, and long term tax avoidance - More Control of your investments Biography: Derreck Long, Senior IRA Specialist at Quest Trust Company, first served in the military from 2010 to 2014. After leaving the military, he went to college at Northern Arizona University and received a degree in global marketing. After graduating college Derreck worked with the FBI Translating Russian documents, but realized there is more to life, and started searching on how to become an investor. This is when De...

What is the difference between a Roth and a Traditional IRA - Economics Insider #Shorts Please Like and Subscribe Channel To Support Us! Tags: Finance, Dolar, Euro, Profit, P&L Management, Budgeting, Accounting, Auditing, Planning, Strategy, Compliance, Financial Policy, Teamwork, Tax, Value, Interest, inflation Credits to: @Breakyourbudget from tiktok #Finance... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA retirement planning is an essential aspect of financial planning. One of the most popular ways to save for retirement in the US is through an Individual retirement account (IRA). When it comes to IRAs, two types stand out- Roth and Traditional. Both Roth and Traditional IRAs serve the same purpose-to help you save money for your retirement. However, there are several differences between the two. The first and most signi...

In this video, I will talk about how a divorce can cause major backlash in terms of finances. I explain 6 different ways spouses are able to hide money and assets from the divorcing spouse. Available NOW on Demand! Uncover Fraud Webinar: Ethics for CPAs. Earn 4 hours of verifiable Ethics CPD training. Enroll today! With more than 19 years of experience, David has acted as a litigation consultant, expert witness, forensic accountant and fraud investigator. David has consulted, testified and authored expert Forensic Accounting and Investigative reports accepted and used in civil, criminal and public inquiry proceedings. Contact me at: uncoverfraud.com info@uncoverfraud.com 1(888) 777-4416 #fraud #10mistakes #divorce #melindaandbillgatesdivorce... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As unfortunate as it might be, there are inst...

Dave sits down to talk a bit about what exactly a Roth IRA is and what makes it different from a traditional IRA. #financialfreedom #moneymanagement The views depicted are for informational purposes only and should not be considered specific investment advice or recommendations for any specific individual. Financial and Investment Advisory services offered through CFO Capital Management. Brokerage and Custodial Services offered through TD Ameritrade Institutional, member FINRA and SIPC. CFO-CM and TDA are not affiliated. Tax services are provided by Peters Tax Preparation & Consulting, PC and are not provided by CFO Capital Management.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA A Roth IRA is a retirement savings account that allows individuals to save money strictly for retirement purposes. It is named after United States ...

NEW! Learn accounting with Toni Cameron, CPA anytime, anywhere with our brand new webinars on-demand! Check them out here: ____ The phrase “retirement plan” may send you into a panic attack, but setting one up for you and your employees is an important way to ensure that your people (and yourself) are taken care of in the long run. Today, we're diving into the differences in a 401K, SEP IRA & Simple IRA to help you determine which is best for you and your business. You can view the full blog post here: Sign up for our mailing list: TL;DR: Accounting is a virtual team of accountants who help individuals, freelancers, small businesses & private practices with their accounting, tax services, bookkeeping & more. You can find out more here: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA retirement planning is an es...

Many Canadian investors are facing high levels of inflation during 2022, which may hinder their ability to maximize their savings and stay on track with their investment plans. That has some investors looking for creative ways to save money on everyday expenses. In this webinar, Gord Stein, author of Cashflow Cookbook, shares five suggestions that Canadians can consider to potentially lower their monthly expenses—without adding effort or complexity to their daily lives. He'll also explain how these savings, if used to invest, can compound over time and help grow a portfolio. Open an account: Learning Centre: What's New in WebBroker: Log in to WebBroker: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing High inflation can be a challenging time for anyone trying to save money. When prices keep rising, it b...