Westside Investment Management Newsletter

Ways to Minimize Tax on An Investment Portfolio

Ways to Minimize Tax on An Investment Portfolio

The basic strategy for year-end tax planning is to time your income so that it will be taxed at a lower rate, and to time your deductible expenses so that they may be claimed in tax years when you are in a higher tax bracket. Year-end planning involves not only a review of your income and deduction situation but also the use of checklists and a marginal tax rate analysis to help you minimize taxes.

A Look at Tax Planning for Retirement

A Look at Tax Planning for Retirement

After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount of taxes you owe after the age of 65, you still need to plan ahead if you want to minimize your tax bill from the IRS.  


How to Recognize and Protect Yourself Against Tax Identity Theft

How to Recognize and Protect Yourself Against Tax Identity Theft

When you hear the term identity theft, the first thought that comes to mind may involve a data breach or opening a credit card in someone else's name. But another common type of identity theft involves the use of someone's Social Security number to unlawfully intercept their income tax refund. Unfortunately, this fraud often isn't discovered until the victim tries to file their taxes. Instead of getting a quick refund, they may instead be facing a lengthy battle with the IRS. Below we discuss some common signs of tax identity theft and how to protect yourself.

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Cheesy Pumpkin Bacon Pasta Bake Recipe

Cheesy Pumpkin Bacon Pasta Bake Recipe

Never shy away from incorporating pumpkin into fall cooking, especially in savory dishes. The epitome of a fall casserole—layers of pumpkin, cheese, and bacon meld together perfectly for a taste of the season in every bite.