HOME ABOUT US TEAM TOOLS CONTACT CLIENT ACCOUNT VIEW THINK HR LOG IN TAX Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts. Featured Video The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? How to Make the Tax Code Work for You When you take the time to learn more about how it works, you may be able to put the tax code to work for you. Five Most Overlooked Tax Deductions Five overlooked tax deductions to help manage your tax bill. ARTICLES CALCULATORS VIDEOS What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing. You May Need to Make Estimated Tax Payments If… Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes. Red Flags for Tax Auditors Here are six flags that may make your tax return prime for an IRS audit. Tax Rules When Selling Your Home The tax rules governing profits you realize from the sale of your home have changed in recent years. Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return. Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT. VIEW ALL ARTICLES Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Copyright 2021 FMG Suite. Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC. The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, MD, MA, MI, MN, MO, MT, NV, NJ, NM, NY, NC, OH, OR, PA, SC, SD, TN, TX, VA, WI Contact Davis Financial Group Office: (217) 753-1005 Fax: (217) 753-3076 1005 S. 6th Street Springfield, IL 62703 Series 6, 7, 24 and 63 held with LPL Financial ddavis@davisfg.com Quick Links Retirement Investment Estate Insurance Tax Money Lifestyle All Articles All Videos All Calculators All Presentations