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Mesa Money Minute

Business & Economics Podcasts

We're local financial professionals who produce this daily feature at the studios of KAFM Community Radio in Grand Junction, Colorado. We offer up short, 1- to 2- minute segments on tax, finance, economy, markets and other financials topics.Image credit: President Washington by Laakso for FreeVector.com

We're local financial professionals who produce this daily feature at the studios of KAFM Community Radio in Grand Junction, Colorado. We offer up short, 1- to 2- minute segments on tax, finance, economy, markets and other financials topics.Image credit: President Washington by Laakso for FreeVector.com

Location:

United States

Description:

We're local financial professionals who produce this daily feature at the studios of KAFM Community Radio in Grand Junction, Colorado. We offer up short, 1- to 2- minute segments on tax, finance, economy, markets and other financials topics.Image credit: President Washington by Laakso for FreeVector.com

Twitter:

@tallmangina

Language:

English

Contact:

9702411116


Episodes

Upcoming Deadlines

1/18/2022
Reminder of some important upcoming tax deadlines. Fourth quarter 2021 individual and calendar year business estimated tax payments are due on January 18, 2022. Pay on time to avoid possible penalties and surprise tax bills. Fourth quarter 2021 payroll tax reports are due January 31. W-2's are due to the SSA and the recipients on January 31. 1099's are due to the IRS and the recipients by January 31.

Duration:00:00:59

Special Letters from the IRS

1/11/2022
The IRS will be sending out two letters to certain individuals with information needed to file their 2021 tax returns. People who received the Advanced Child Tax Credit will receive Letter 6419 sometime between late December and mid January, which will include the total amount of the credit and the number of qualifying children. People who received the third Economic Impact Payment (stimulus payment) will receive letter 6475, which will help people determine if they are entitled to and...

Duration:00:01:12

IRS Extends Deadline for Colorado Wildfire Victims

1/5/2022
The IRS has announced that it will provide tax deadline relief to taxpayers affected by the Colorado wildfires which began on December 30. People who lived or had a business in the affected area will have until May 16, 2022, to file and pay taxes that are due between January 1 and April 18. This includes the fourth quarter estimate payment due on January 18, business tax returns due on March 18, individual tax returns and payment dues on April 18, and IRA contribution due on April 18....

Duration:00:01:18

Tax Provisions in the Infrastructure Bill

12/10/2021
President Biden signed HR 3684 the Infrastructure Investment and Jobs Act into law on November 15. While this legislation doesn't contain as many tax provisions as the other bill currently on the hill, the Build Back Better Act, there are some important changes to be aware of. The Employee Retention Tax Credit or ERTC was ended early. Wages paid after September 30 do not qualify, however there is still time to apply for the credit for 2020 and the first three quarters of 2021. There is a new...

Duration:00:01:20

Special Charitable Deduction

12/7/2021
December is a time for giving! Many individuals make most of their charitable contributions in December. Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions. But a temporary law change now permits them to claim a limited deduction on their 2021 federal income tax return for cash contributions made to qualifying charitable organizations. Nearly nine in 10 taxpayers now take the standard deduction and could potentially...

Duration:00:01:20

National Tax Security Awareness Week

12/1/2021
This week is the 6th annual National Tax Security Awareness Week. The IRS, state tax agencies and the nation's tax industry – working together as the Security Summit - are warning taxpayers to be aware of a dangerous combination of events that can increase their exposure to tax scams and identity theft. The combination of the holiday shopping season, the upcoming tax season and the pandemic create additional opportunities for criminals to steal sensitive personal or financial information....

Duration:00:01:17

Harvesting gains and losses

11/22/2021
It's tax planning season! As the end of the year approaches, one of the most popular questions my clients ask is, do I need to do anything before the end of the year to minimize my taxes? One popular strategy is harvesting capital gains or losses. What this means is that if you have an investment portfolio, you may have what are called unrealized gains or losses. This simply means the change in your investments' value since you bought it. "Harvesting" means selling that asset so that you can...

Duration:00:02:01

Tax Exempt Interest

11/15/2021
The Internal Revenue Code states that all income, "from whatever source derived", is taxable. It provides for a few exceptions to this rule, and one of the exceptions is state and local municipal bond interest. What this means is that if you buy a bond from a state or local government; for example, to build a new high school, the interest you earn on that bond is not taxable to you for federal purposes. Holding Municipal bonds, and funds that contain municipal bonds, is a popular investment...

Duration:00:01:28

Year End Tax Planning

11/8/2021
2021 is rapidly coming to a close! The last couple of months of the year are an excellent time to revisit your tax plan and make any last-minute adjustments. It's a good time to estimate your 2021 tax liability based on how you've done in the year so far, to be prepared for any extra payments that may be needed. There are online tools to do this such as the one on efile.com, or get with your CPA. Review your charitable goals and make any additional gifts by December 31. If you haven't...

Duration:00:01:24

529 Accounts

11/3/2021
Today on Mesa Money Minute "529 Accounts for College" I'm Donna Morrall, a Certified Financial Planner with Clear Waters Financial Network.

Duration:00:01:08

Roth IRA Accounts for Kids

11/3/2021
| Today on Mesa Money Minute "Roth Accounts for Kids" I'm Donna Morrall, a Certified Financial Planner with Clear Waters Financial Network.

Duration:00:01:21

Gifting Limits

11/3/2021
| Today on Mesa Money Minute "Gifting Limits" I'm Donna Morrall, a Certified Financial Planner with Clear Waters Financial Network.

Duration:00:01:26

Compounding Interest

11/3/2021

Duration:00:01:18

Compounding Interest - the Downside

11/3/2021

Duration:00:01:21

How to Take Advantage of Compounding

11/3/2021

Duration:00:01:09

Requirement Minimum Distributions

11/3/2021
| Today on Mesa Money Minute "Required minimum distributions and gifting" I'm Donna Morrall, a Certified Financial Planner with Clear Waters Financial Network.

Duration:00:01:18

Lumping Donations

11/3/2021
| Today on Mesa Money Minute "Lumping donations" I'm Donna Morrall, a Certified Financial Planner with Clear Waters Financial Network.

Duration:00:01:18

Charitable Annuities and Trusts

11/3/2021

Duration:00:01:16

Identity Protection PINs

11/1/2021
Tax return fraud has been on the rise over the last few years. We hear about fraudsters filing a false return using someone else's identity, and having the refund redirected to their own account. To combat this type of fraud, the IRS is taking steps such as sending out a letter requesting people call them or log in online to verify their identity. Sometimes these letters are random, but other times they are triggered by a change in your tax return, such as a larger refund than usual. One way...

Duration:00:01:44

Target Date Funds

10/27/2021

Duration:00:01:17