InSight

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Tax Document Checklist

Tax Preparation Checklist Personal Information Your social security number or tax ID number Your spouse’s full name, social security number or tax ID number, and date of birth Identity Protection PIN, if issued by the IRS Routing and account numbers

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Kevin Taylor

Overview of tax documents and when to use them

Common Tax Documents: W-2 Form: Issued by employers to employees, showing wages earned and taxes withheld throughout the year. Used for reporting income on personal tax returns. 1099 Forms: Various types including: 1099-INT: Reports interest income earned from bank accounts.

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Kevin Taylor

Why I Prefer Investing in CDMO Facilities

In the world of investing, there are myriad avenues to explore, each with its unique appeal and potential for growth. One avenue that has increasingly captivated my attention is investing in Contract Development and Manufacturing Organizations (CDMOs). However, my approach

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boulder colorado financial planners
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Kevin Taylor

Real Estate Investment Due Diligence: An Introduction

In the world of real estate investment, thorough due diligence is the cornerstone of success. Whether you’re a seasoned investor or just dipping your toes into the market, understanding the ins and outs of this crucial process is essential. In

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Kevin Taylor

What Are the Benefits of a Safe Harbor 401(k) Plan?

A safe harbor 401(k) plan is a retirement savings plan that has advantages for both employers and employees. Here’s why it’s a good choice: Easy Compliance: Safe harbor plans help employers by automatically passing certain annual tests. These tests, like

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Kevin Taylor

Understanding Compliance Testing for 401(k) Plan Sponsors

Compliance testing is a crucial annual responsibility for 401(k) plan sponsors, mandated by the Internal Revenue Service (IRS). It ensures that a company’s 401(k) plan remains equitable, not favoring owners and highly compensated employees (HCEs), and stays within IRS-prescribed limits.

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Kevin Taylor

An InSightful Guide to Profit Sharing for Plan Sponsors

At InSight, we encourage profit sharing as a valuable option within a 401(k) plan, allowing employers to make pre-tax contributions to their employees’ retirement accounts at the end of the year. Contrary to its name, profit sharing doesn’t necessitate that

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Kevin Taylor

What is Tax Loss Harvesting?

Tax loss harvesting works by taking advantage of the tax code’s treatment of investment gains and losses. Here’s how it works: 1. Identify Investments with Losses: To start, investors review their investment portfolio to identify assets that have decreased in

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