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Letter From Mike Schroeder
Giving back to the community is an important component of Baird's culture.
Tax Reform Myths and Realities
How will the passage of the Tax Cuts and Jobs Act affect your tax prep going forward? Tim Steffen, Baird's Director of Advanced Planning, debunks five common tax reform myths and misconceptions.
Planning Calendar
MAY
- Owners of traditional and Roth IRAs will receive Form 5498, documenting the account's value and any contributions, rollovers, conversions or recharacterizations for 2017.
MAY 29
- Celebrate 529 College Savings Day by reviewing your education savings plans.
JUNE 15
- Second-quarter estimated income tax payments are due.
JUNE 30
- The Free Application for Federal Student Aid for the 2017–2018 school year must be submitted by midnight CST. Individual state applications may be due before the federal deadline and do not replace filling out the FAFSA.
JULY 1
- Evaluating your 2018 tax liability at the year's midpoint can ensure you're on pace to avoid underpayment penalties.
SEPTEMBER
- Put any year-end tax plans in motion. Reach out to your Financial Advisor and tax professional to start talking about steps you may be able to take to lower your tax bill for 2018.
SEPTEMBER 17
- Third-quarter estimated income tax payments are due.
How Tax Reform Impacts Charitable Giving
Two tax strategies for those who are inclined toward philanthropy.
Smoothing a Rocky Road
Investors looking to understand today's market volatility can turn to 2017 for guidance.