Stimulus checks, CRD’s, and changes in RMD’s – if there is ever a year that you could make mistakes on your taxes, this is it. Last tax year, 747 billion dollars worth of tax deductions were claimed, but many more were missed. Financial professionals Joe Anderson and Alan Clopine want to help you avoid costly tax filing mistakes. Special guest Jake Greenberg from Pure Financial also arms you with information about how to avoid the most common mistakes.

Important Points:
(01:12) – Tax Deductions

(01:45) – Avoid Costly Tax-Filing Mistakes
-Don’t Miss Deadlines
-Filing Factors: 2020 Changes
-Common Mistakes
-Tax-Filing Tips

(02:50) – Filing Deadlines

(03:58) – Last Filing Penalties

(05:32) – Stimulus Check

(07:51) – The CARES Act

(10:40) – The SECURE Act

(12:22) – Common Tax Filing Mistakes

(19:37) – IRA & Roth IRA Contributions

(20:46) – Last-Minute Strategies

(22:35) – Ask the Experts

(25:17) – Pure Takeaway: Avoid Costly Tax Filing Mistakes
-Meet the Tax Deadlines
-Be aware of 2020 Tax Changes
-Avoid Common Filing Mistakes
-Consider Last Minute Strategies

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors….(read more)

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