Our Blog

With more than 34 years of experience as CPA’s, CFO’s and Consulants we see the value in great business and hope to share what we have learned over the years with everyone. We update or blog weekly so please visit as frequently as possible to get the most up to date posts from our firm.

Rollovers and Tax Withholding

A client had complained that his 401(k) plan sponsor made an error and withheld 20% for taxes when all he did was “rollover” the 401(k) funds to an IRA. He then asked if the plan sponsor needed to issue another check for the 20%. The answer in this case is no. The...

Tax Tip 9-18-18

Are Your Social Security Benefits Taxable? Here are some tips to help you determine if your benefits are taxable: • If Social Security is your only 2018 income source, your benefits are probably not going to be taxable. • Social Security tax liability is determined by...

IRA Deadlines Approaching

September 30th: Deadline to determine the designated beneficiaries for an inherited IRA. October 1st: Deadline to establish a Simple IRA Plan. October 15th: Deadline to remove excess or unwanted IRA contributions for the 2017 tax year (tax return due date including...

Important Tax Deadlines

Important IRA Deadlines!   April 1, 2018:  This is the Required Beginning Date (RBD) for IRA owners who turned 70½ in 2017. IRA owners have until April 1st to take their very first required minimum distribution (RMD) if the owner did not take it last year. Keep in...

Weekly Tax Tip March 6, 2018

A client had a question the other day about taking an RMD from an inherited IRA. It was an interesting question that perhaps some of you have encountered but weren’t sure how to answer…the client wanted to know whether to take an RMD, or not take an RMD for the year...

Weekly Tax Tip

State Inheritance Taxes Comparison Chart Inheritance taxes are imposed upon the individual receiving assets from a deceased’s estate. Only six states currently impose an inheritance...

New Tax Law Seems Iminent

As the year is winding down, it begins to look like Congress and the Trump Administration will be passing tax legislation that appears to be both significant and far reaching. It is important to stress that the bill has not yet passed and could likely either change or...

IRA Distributions

CHECK YOUR BENEFICIARY STATEMENTS PLEASE!!! If you own an IRA or 401K account, there have been a number of court cases decided in the last few years that might be very important for your consideration.  One case in particular involved a life-long school district...

Welcome to SWAP

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.     Professionalism Our firm is one of the leading firms in the area. By combining our expertise,...

Get a free first consultation

Contact us

Our Locations

Albuquerque, NM:                            Denver, CO: 

1901 A Wyoming Blvd NE                7900 East Union Ave Suite 1100
 Albuquerque, NM 87122                Denver, CO 80237

Email

will.filener@filenercpa.com

Phone

505-232-3275

Get in touch