Golden, Redd & Co., LLC

We're on the final countdown! In just two weeks, join us as the doors to the Passive Investor Event (PIE) will swing open. And trust us, this isn't just another event. It's an experience!
🌟 Why Attend?
1. Exclusive Insights: Discover strategies from leading experts in the field. Each speaker and session has been handpicked to ensure you receive maximum value.
2. Genuine Connections: Mingle with successful investors and like-minded individuals, because sometimes, all it takes is one conversation to chart a new course.
3. 100% Value, 0% Sales Pitches: Our commitment is towards your learning. There won't be any sales pitches. Period.
4. Empowerment: Equip yourself with actionable takeaways. The mission is for every attendee to leave with clarity and confidence.
🎟️ Haven't Secured Your Spot Yet? Don't miss out on this unique opportunity. Book Your PIE Ticket Now

Event At A Glance:
• Date: September 8th & 9th (Friday & Saturday)
• Venue: Hurst Convention Center
• Full Event Info: https://passiveinvestorevent.com/
Best wishes and see you there!

Passive Investor Event Join us for an exciting two-day event on September 8th-9th, 2023 at the Hurst Convention Center (10 minutes west of the DFW Airport) filled with learning, networking, and strategizing. This event is designed for individuals who are looking to build wealth through passive investment strategies, and g...

The Employee Retention Credit (ERC) surge is on! Small to medium sized business’ mailboxes are filled with fliers claiming to get your business a credit of up to $26,000 per employee. The credit is real, typically their fees are unreal (excessive) and will they be available should the IRS decide to challenge your credit claim? Call us instead for a legitimate review of your eligibility and let us explain truly how the credit works and let’s see if we can get you some money back from the IRS!

The IRS moved to reflect the higher cost of transportation. As you continue to keep track of your business, medical, and moving miles, note the old rates per mile for the first half of the year versus the new rates effective for miles after July 1, 2022:

Business rate was $0.585 per mile; new rate is $0.625 per mile.
Medical/moving rate was $0.18 per mile; new rate is $0.22 per mile.
Charitable rate remains at $0.14 per mile for 2022.

The IRS is being helpful!

I know it might come as a shocker, but in the good news column, the IRS issued Revenue Procedure 2022-32 earlier this month. The IRS has extended the time for filing an estate portability election for a decedent not required to file an estate return from two years from date of death to five years from date of death. An interesting move that allows for post-mortem estate planning for couples where their total estate is near the exemption level at the date of death of the first decedent.

What does this mean? If the a married person has died with an estate near $11 million and the estate grows over the next five years to be in excess of that number, the executor may still file a complete estate tax return for the decedent and carryover the decedent's exemption to the surviving spouse, effectively doubling the estate tax exemption to over $22 million.

For estate tax planning and income tax planning, please call. The tax laws are always changing, let us help you keep up with those changes.

Today marks the opening date for filing applications to participate in the Texas Travel Industry Recovery Grant Program. For Texas businesses in the travel related industries (hotels/motels, restaurants, breweries, etc.) you may apply for a grant of up to $20,000 for Covid relief depending on the NAICS code/industry for your business. See https://ttir.gov.texas.gov/Home/Signup for their FAQs - or contact us if you would like to discuss!

Texas Travel Industry Recovery Program Texas Travel Industry Recovery Grant Program (TTIR) was established by Senate Bill 8 during the 87th Legislature, Third Special Session, to administer $180 million of funds received from the Coronavirus State Fiscal Recovery Fund, which was established under the American Rescue Plan Act of 2021. The...

Many taxpayers continue to wait in frustration at IRS delays in processing their 2020 and 2021 returns and refunds. Keep in mind this picture is from ONE of the IRS return processing centers around the country. What you are seeing are rows and rows of unprocessed tax returns waiting to be processed by human beings in the Austin, Texas Service Center. When third parties rely on IRS data to confirm income levels for lending decisions, amongst other reasons, this backlog has ripple effects in the economy and will continue to do so until at least late this year.

Natasha Sarin on Twitter “At the IRS in Austin, cafeteria is overrun with paper returns awaiting processing by campus’s dedicated employees who will *keystroke* line items into the IRS’s database Investing in the IRS essential to overhaul this manual system, so agency can serve taxpayers way they deserve”

This latest freeze is just a reminder of our deep freeze last year. If you suffered unreimbursed freeze damage to your residence, there may be a nice tax deduction waiting for you - call us to discuss when it can be claimed and how it might help your tax situation.

There are a large number of companies offering to assist your business in claiming the Employee Retention Credit (ERC) for 15%-25% of the total credit. If you don't know what ERC is or you haven't filed for it yet, please contact us so we can help you avoid the excessive fees others are charging to get this money back in your pocket.

The American Rescue Plan Act has more tax changes in addition to the additional stimulus payments. Tax-free unemployment benefits, COBRA credits and EITC changes. Too many acronyms coming from Congress to keep up with how the changes impact you? Call us today to discuss what these latest tax changfes may mean to you as there are many new provisions and many new phase-outs on old provisions.

Life is returning to normal - we Texans have thawed from the Great Freeze of 2021 and the Governor has announced the mask mandate is going away. Well, there always is the tax world to keep things different. The Texas Workforce Commission has changed a number of important dates for employers in 2021. Employers still need to report their wages for the first quarter by the end of April, but the tax is not due until August 2, 2021. The second quarter report is due by August 2, but the tax is not due until September 30, 2021. The timing for the third and fourth quarter remain unchanged from prior years. File timely and don't miss those payment deadlines. Still understain? Call us today and we can help you navigate these ever changing waters.

Congress allowed retirees to skip their 2020 qualified retirement account Required Minimum Distribution (RMD) if the retiree wanted to do so. But what to do for those individuals who had already taken their RMD for the year? The IRS has finally released guidance in the form of a new Revenue Notice. Even if you received several payments for your RMD, there are now options on how you can put the money back into your qualified account. There are deadlines as to when this can be done, so contact us today to discuss the details if you want to skip the 2020 RMD and let that money grow tax deferred for another year!