How to Avoid Nasty Tax Surprises

Many people experienced unpleasant tax surprises when they filed their taxes in 2022, even more than in the past. We have CPA Ryan Fair on the show to help explain why there was an increase in tax surprises, how you can avoid them, and what to do if you face the nastiest of tax surprises - a tax notice? That and more on this episode of the Wise Money Show.

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Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC.  Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Intro: (0:00) 
Segment 1: (0:11) 
Break 1: (9:28) 
Segment 2: (11:53) 
Break 2: (21:09) 
Segment 3: (22:42) 
Break 3: (32:03) 
Segment 4 (33:32) 
Outro: (46:37)

[slimdawgwoof]

Can mutual funds distribute capital losses? If so, how can I find them and benefit from them this year?

[slimdawgwoof]

I didn't think wash sale rules applied to crypto. I thought there were politicians actually wanting to to apply. I believe the IRS considers it property and wash sale didn't apply. Did they pass legislation to change this?