D’Arcangelo Blog

Why Right Now is Double IRA Season

The start of each year might be considered “Double IRA” season. Until Tax Day — April 15th this year — you still can make contributions to an IRA for 2018, to save additional funds for retirement. Most workers and their spouses may each contribute up to $5,500, or $6,500 for those who were 50 orContinue reading →

Putting Stock Market Volatility Into Perspective

The U.S. stock market saw extreme volatility in the fourth quarter of 2018. Even now, in February 2019, the market is still showing ripple effects from the end of last year.  Reflecting on the last stunning market retreat in late 2008, reached its bottom in February 2009. But how do we use this information forContinue reading →

Five Point Meal Expense Checklist

The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation. However, the TCJA did not specifically turn thumbs up or down on the deductibility of business meal expenses. So how can we determine which business meal expenses can be claimed as a deduction? Example: Jim Morgan,Continue reading →

Year-End Business Tax Planning Tips

Under the Tax Cuts and Jobs Act (“TCJA”), equipment expensing permitted by Section 179 of the tax code was expanded. In 2018, your business can take a first-year deduction of up to $1 million worth of equipment purchases. You might buy, say, $400,000 worth of equipment and deduct $400,000 from your company’s profits this year.Continue reading →

Charitable Donations and Your Tax Return

More taxpayers are likely to take the standard deduction for 2018, rather than claim itemized deductions. Therefore, they’ll lose the tax benefits from their charitable contributions. Example 1: Art and Beth Dean are in their 40s and have paid off their home mortgage. They seldom have substantial unreimbursed medical expenses and typically contribute around $7,000Continue reading →

Sizing Up the Standard Deduction

Under the new, as well as prior, tax law, taxpayers can either take a standard deduction or itemize deductions on Schedule A of IRS Form 1040. Typically, tax preparation involves comparing the total of itemized deductions with the standard deduction and choosing the larger amount. Most people have used the standard deduction and that probablyContinue reading →

Buy-Write Strategies for a Flat Market

Up one month, down the next. The stock market this year has offered lots of excitement. As of this writing, broad market indexes have provided little sustenance for bulls or bears, with results not far from early 2018.

Life Insurance for More Than Cash Flow

Many people think of life insurance as a product for family protection. The life of one or two breadwinners is insured; in case of an untimely death, the insurance payout can help with raising children and maintaining the current lifestyle. Once the children are able to live independently and a surviving spouse is financially secure,Continue reading →