Tax Planning | Cornerstone Financial Solutions, Inc.

November 2022 Tax Report

Keeping your tax liability to a minimum is an essential part of maintaining your Cornerstone financial plan.

Raymond James Tax Form 1099 Mailing Dates

How to export your tax data, and who to contact at Cornerstone for more information.

Giving Back in a Tax-Efficient Way

Donating to the causes you care about can be deeply rewarding and may offer a tax benefit. Article seen in Sioux Falls Woman Magazine, Dec. 2021/Jan. 2022.

QUALIFIED CHARITABLE DISTRIBUTION (QCD)

If you are age 70 ½ and older you can make a Qualified Charitable Distribution (QCD) in the form of a direct transfer of up to $100,000 directly from your IRA to a charity, including all or part of your required minimum distribution (RMD). In order to qualify for tax year 2021, the funds must come out of your IRA by December 31, 2021.

YEAR END TAX PLANNING WORKSHEET

A list of important deadlines, documents you may need, and strategies to consider.

ACCESS AND EXPORT TAX DATA

Information about exporting tax data from your Raymond James brokerage accounts

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.