Daniel G Gilliland CPA PC
Falls Church, VA:
Tax Tips to Aid in Retiring Early
Wouldn't it be nice to check out of the workforce early and not have to worry about having enough for retirement? While good financial planning can help you get there, leveraging the tax code as part of your retirement plan is also a good idea. Here are some tax tips that could help you reach your early retirement goal. Maximize tax advantaged retirement accounts. Retirement accounts like Traditional IRAs and 401(k)s allow qualified taxpayers to save pre-tax money, invest the funds, and not pay taxes until the funds are withdrawn during retirement years. The IRS still receives their tax on…
Barry Dolowich, Tax Tips: Reconciling your checkbook
Question: I am a financial mess! I can never figure out what is in my checking account and I have no clue how to reconcile my checkbook with my bank statement. Is there a simple way to do this? Ans…
Barry Dolowich, Tax Tips: Opening a new business
Question: My friend and I are planning to start a new business. Can you supply some advice for us? Answer: The following is a general listing of the basic issues you must address as a new business …
Tax Tips for Cash-Only Businesses
Some essential advice for keeping your cash company on the good side of the IRS.
Important IRS Tax Tips for Caregivers
42 percent of family caregivers spend more than $5,000 on care for a loved one. Fortunately caregivers are able to get some relief when it comes taxes. Caregivers can claim family members as dependents as long as they are a US citizen, and the IRS also allows certain Medical expenses to be deducted.
How caregivers combat helplessness and aid dementia hospice patients
Hospice’s purpose, at least one of them, is to ease a dying patient’s pain at the end of life and improve the quality of that life. But what’s to be done when a dementia patient in her waning days can’t communicate her pain or help identify the cause? Or resists taking medications?
Retiring Before Your Partners Are Ready? Here's an Exit Strategy
If you're going into business with several partners, make sure you set some retirement ground rules upfront.
Facing financial reality when early dementia is diagnosed
Problems managing money are often a symptom that something is wrong.
Four Questions to Ask Clients Before Retiring Their Mortgage
A seemingly sensible strategy might not be so smart.
These are the things doctors need to think about before retiring
As much as wealth management is about financial decisions, it is also really about personal choices and aspirations to live the “good life.”
Ask Carrie: 10 Questions Every Couple Should Ask Before Retiring
Dear Readers,I often write about the financial conversations couples should have before they decide to spend their lives together. To me, getting to know each other financially is an important part of any relationship. But what about after you’ve been together for a number of years and are close to retirement? You may think at this point [...]
Dementia Risk Factors May Begin as Early as Adolescence
A person’s chance of getting dementia before age 65 may develop as early as adolescence, according to a study that suggests teens with high blood pressure or who drink excessively are at risk.
How 529s Affect Financial Aid
10 FAFSA Mistakes that Affect Financial Aid
Avoid these common mistakes on the FAFSA. Making errors can cause you to lose out on financial aid dollars.
How To Calculate The Cost Of College: A Guide To Financial Aid Terms
For most students, figuring out where to go to college is closely linked with, "How am I gonna pay for it?" The answer — sort of — comes in lots of confusing terms and jargon.
Financial Aid Packages: Top 5 Ways To Decrease College Debt
The true cost of college isn't the straight tuition rate. Instead, it’s a matrix of financial aid packages that can include Pell grants
How These 6 Assets Might Affect Student Financial Aid Eligibility
Financial aid is a huge help for every college student. Let's break down exactly what the FAFSA considers in its calculation.
How to handle retiring with debt
Reducing debt is a priority among those in their golden years. But having the right strategy can make or break your ability to live an enjoyable life during retirement.
How to avoid retiring with a mortgage
A generation ago, just 10 percent of households with someone at least 70 years old still had a mortgage. Today, it’s close to 40 percent, and that
A financial guide to retiring abroad
What to know about taxes and banking and more before you head off to live in a hut in paradise
Top Tips for Retiring Without Debt
Retiring without debt is a big favor you can do for yourself and your heirs. If that seems like an impossible goal, break it up into smaller steps...
