It appears that Congress MAY not pass any transfer tax reform in 2010.  As a result, 2010 could be an excellent opportunity for making lifetime gifts to family members. Read the rest of this entry »

Introducing Clothier & Head’s Financial Planning Services. A fee-based way to get great, independent financial advice.

In today’s world of financial services, we have developed a way to address your concerns and help secure your financial future. We want to give you an understanding of where you are today, and where you want to be in the future. We have partnered with a few financial service providers, and together we prepare a comprehensive financial plan based on your unique objectives and circumstances. The Financial Planning Service is fee-based, meaning it is completely objective and free from any pressure to buy or invest. Read the rest of this entry »

As of January 1, 2010, the $100,000 AGI limit on Roth conversions is eliminated, thereby making anyone who holds a traditional IRA account eligible to convert part or all of their traditional IRA into a Roth IRA.

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By now, you have probably heard about the recently-passed economic stimulus package (The Economic Stimulus Act of 2008), the centerpiece of which is the government’s issuance of rebate checks to most Americans. In brief, the measure will bring tax rebates of $600 for individuals and $1,200 for couples to most taxpayers and $300 checks to low-income people. Read the rest of this entry »

Seattle Business Monthly recently recognized Seattle’s 87 Top Business Lawyers. Here at Clothier & Head, we would like to take the time to do the same. Read the rest of this entry »

2008 brings us many things to celebrate – a new year, a successful prior year, health, happiness and the rest, but let us not forget promotions and our new staff. Read the rest of this entry »

Roth IRA’s can be an important part of your retirement savings plan. Though no tax deduction is available for contributions to a Roth IRA, the investment growth is tax free. Unlike traditional IRA’s, qualified distributions made after age 59 are completely tax-free, including all investment earnings. This could result in a significant tax savings in future years. Read the rest of this entry »

As a Tax Manager at Clothier & Head, I’ve had the opportunity to interview several individuals for a number of positions. In my experience, I’ve found one of the most dreaded job interview questions for inexperienced interviewees is, “So, tell me a little about yourself. . .” Read the rest of this entry »

The Internal Revenue Service has significantly stepped up their audit frequency and has modified the manner in which they contact taxpayers to include cold calls. Read the rest of this entry »

Wow! That is the word I would use to describe the new FareStart Restaurant at Seventh Avenue and Virginia Street in Seattle, Washington. Not solely because of the amazing building renovation resulting from a three-year fundraising campaign, but because every penny spent prepares homeless and disadvantaged men and women for jobs in the foodservice industry. Read the rest of this entry »