What is a K-1? An Important “Double Tax” Item Regarding K-1’s Being Incorrectly Reported
K-1's Explained and How to keep from accidentally being double taxed as a result of them
John Kvale CFA, CFP
Investment Professional managing a Total Wealth Practice firm in Dallas Texas with clients in 20+ states in the USA and 6 different countries around the world. Avid golfer, marathoner and hopeful ironman competitor. Married with two children.
Speaking Event This Saturday, Texas Investment Portfolio Symposium (TIPS)
This Saturday (2-17-12) I will be a guest speaker at an annual student investment event. The Texas Investment Portfolio Symposium event, (TIPS) that brings together students from various universities in Texas and surrounding states, wishing to further their skills in portfolio management, and investment analysis,…
All New 1099’s for Tax Year 2011 Are Posted Electronically, and Being Mailed Too
We know you have been waiting on the edge of your seats. So we are happy to announce, 1099’s for tax year 2011, have been posted electronically, and the paper versions are on their way to your mailbox. Remember our recommendations…
Are Those Rose Colored Glasses You Are Wearing? Zigg Makes an Appearance
You guessed it, Zigg is back, and this time with a different message. For those new to Zigg, he has a residence on small island near the shore of a large group of fair weather friends, called Zagger’s, who often represent the majority…
Life Changes and Needs, Don’t Worry We Take Care of Almost Everything !
As we go through life our name, address, and beneficiaries may change on our various documented items. Not to worry, our job is to take care of this for you. That’s what we do! While you can call directly to various vendors, we…
Be Easy on Your CPA this Year and Expect to Pay a Little More, Meet Form 8949
As most of you know we have been warning for over a year now, (2011 Rockwell and 2012 Rockwell Part 2) of government changes due to new cost basis reporting requirements. While we agree with the overdue changes which in the long run,…
Question of the Week: “Should I Buy or Lease My Car?”
This week we do our best to answer the lightning rod question of buying or leasing a car. While the answer lies in a slightly grey area, we will walk you through characteristics that make each decision correct for you.…
Non-Farm Payrolls Blow Past Expectations – Black Clouds… ???
This morning non-farm payrolls came in at 243k versus expectations of 140k, far exceeding expectations. This surprising report has put a fire in the capital markets around the globe. While this is only one report, most economists believe it takes…
The Black Cloud of Panelists at the CFA Dinner
Last night, as mentioned earlier in the week, a group of “experts” joined to visit and discuss the domestic and global economic situation at great length. Each one of the four horsemen spoke on a very macro view of the world.…
When to File Your Personal Taxes? We Recommend You Wait until Late March or Early April
As the tax forms flow to our mail and email boxes, we thought it was a good time to give you our gentle reminder NOT to file your taxes before late March or early April, especially given our “Rockwell Somebody’s…