Podcast Episodes

[Tax] 10, Personal Residence Gain Exclusion

Exclude up to $250,000 ($500,000 for MFJ) if ownership and use tests are met. --

The CFP Exam is known for its difficulty, and as I embark on this lea…

1 year, 2 months ago

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[Tax] 5, Gifted Property Basis

General rule is carryover basis; exceptions apply for loss property and appreciated property with gift tax paid. --

The CFP Exam is known for its diff…

1 year, 2 months ago

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[Tax] 4, Inherited Property Basis

Basis is FMV at date of death or alternate valuation date; holding period is always long-term. --

The CFP Exam is known for its difficulty, and as I e…

1 year, 2 months ago

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[Tax] 3, Adjustments to Basis

Increases include capital improvements; decreases include Section 179 and depreciation. --

The CFP Exam is known for its difficulty, and as I embark o…

1 year, 2 months ago

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[Tax] 2, Cost Basis

Original cost basis includes purchase price, FMV of exchanged property, sales tax, freight, installation, and testing costs. --

The CFP Exam is known …

1 year, 2 months ago

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[Tax] 1, Types of Assets

Capital, Section 1231, and Ordinary Income Assets. Capital assets include most personal and investment assets, while Section 1231 covers depreciable …

1 year, 2 months ago

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[Retirement] 28, 457 Plans

Season 3 Episode 28

Nonqualified deferred compensation plans for government and tax-exempt entities, with special catch-up provisions. --

The CFP Exam is known for its di…

1 year, 5 months ago

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[Retirement] 27, 403(b) Plans

Season 3 Episode 27

Available to public schools and certain nonprofits, with unique contribution limits and catch-up provisions. --

The CFP Exam is known for its difficul…

1 year, 5 months ago

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[Retirement] 26, SIMPLE Plans

Season 3 Episode 26

Designed for small employers, allowing employee deferrals and employer contributions, with specific eligibility and contribution limits. --

The CFP Ex…

1 year, 5 months ago

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[Retirement] 30, Stock Options

Season 3 Episode 30

Include ISOs and NQSOs, providing employees the right to purchase stock at a set price, with specific tax treatments. --

The CFP Exam is known for its…

1 year, 5 months ago

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