Bill Zumwalt's (teamzumwalt) Blog

2013 has been a big year for taxes. The "fiscal cliff" deal boosted the top federal income tax rate to 39.6%; "Obamacare" added new taxes on top earners; and dozens of state and local governments raised their taxes, too. Congress will finish 2013 even more divided than it began, which will probab...

Well I’ve got some serious answers!  How about a Solo 401k?  With this tax planning tool you can put up to $51,000 a year into a Solo 401k. Take your money out of the hands of social security and invest for your retirement and get a big tax deduction. Please go to our website at www.TeamZumwalt.c...

Confused as to what’s deductible or how to figure your auto or meals and entertainment expense?    Do you  need an organizer to help you prepare your tax information to give to your tax guy? Well help is on its way. Just go to www.TeamZumwalt.com. For your organizer just click the tab “Online For...

Just go to our Website at www.TeamZumwalt.com for free help.  Under the download tab you will find a wealth of information on rules for deducting travel and entertainment, auto expenses, retirement plans and tax tips just for realtors®. There are also brochures you can use as handouts for your cl...

2014 is here, and it's time for New Years' resolutions. Americans across the country are pledging to lose weight, quit smoking, exercise, and find new jobs. Some of them will succeed, others will lose faith before the first snowmelt. (Want to make a fortune? Open a gym that turns into a sports ba...

Well here we are in 2014 with Congress once again not addressing the tax credits that they extended for 12 months last year. We are left to wonder if a school teacher will be able to deduct $250 for supplies she pays for out of her or his own pocket. Sad, really.  Also the Section 179 expense for...