May 17, 2024

April 2024 Newsletter

    Home    About Us    Services    Clients    Resources    Contact Us
Here are your Articles for April 23, 2024.

DK Launches Blog “Beyond the Ledger”

Celebrating Women’s History Month at DK: Paving the Way for Financial Equality

2 Important Breaks for Mature Taxpayers to Consider

With age comes wisdom and potentially some valuable federal income tax breaks that aren’t available to younger taxpayers. Specifically, people over age 50 might consider making deductible catch-up contributions to their retirement accounts. And they might itemize deductions, rather than claim the standard deduction, if their medical bills are over the income-based threshold. Here are the details.

How New Retirement Plan Emergency Savings Accounts Work

Emergencies happen to all of us, and many people are unprepared. Starting in 2024, employers can offer certain employees the option of establishing an emergency savings account, linked to their company retirement account. Participants can make after-tax contributions from their salary and take monthly withdrawals as needed. Here are the details.

Should You Buy or Lease Your Next Vehicle?

Are you in the market for a new vehicle? Many car shoppers wonder whether it’s smarter to buy or lease. This article discusses the main variables that factor into this important financial decision, including monthly payments, repairs and maintenance expenses, down payments, additional costs and tax implications.

Notify the IRS if You Change Your Address

It’s important to tell the IRS if you change your address. It will help the agency notify you if there is a problem with a tax return you filed — or if you are due a refund. In fact, the burden is on taxpayers to tell the IRS they have moved — it is not on the IRS to find them. One individual discovered this in a court case. This article explains the rules and the facts of the case.

Avoid These 6 Estate Planning Pitfalls

There are several components to an estate plan. Because of this, there are many areas for missteps. Being aware of the major pitfalls before you begin drafting your estate plan, the better the chance it will achieve your goals. Here are six estate planning pitfalls

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

 

4225 Executive Sq
Suite 900
La Jolla, CA 92037

21600 Oxnard Street
Suite 2000
Woodland Hills, CA 91367

9171 Wilshire Blvd Suite 555
Beverly Hills, CA 90210