David John Marotta, Matthew Illian, and Austin Johnston discuss how tax returns are the key to unlocking many financial planning and estate planning mysteries. Attend this seminar to discover what you can learn from just a few pages of the often-dreaded IRS tax form, and how the tax code may be changing in 2013.

1. How to Read Your 1040
April 18, 2012
Charlottesville Senior Center
David John Marotta
Matthew Illian
Austin Johnston
www.MarottaOnMoney.com

2. The Ongoing Economic Malaise

13. ROTH IRA Phaseouts:
•$173,000-$183,000 (MFJ)
•$110,000-$125,000 (Single)
Traditional IRA Phaseouts:
•$91,999-$112,000 (MFJ)
•$57,999-$68,000 (Single)

14. Investment
Money In Money Out
Income
IRA
Roth
Taxable

18. Hide

19. $24,000 State Tax Deduction
$4,000
$4,000
$4,000
$4,000
$4,000
$4,000

20. Virginia Land Preservation Tax Credits
15% - 25% OFF!
10y carry forward
$0 next year min

22. $5,700
$4,000 $5,700
$8,000
$4,000 $5,700
$4,000 $5,700
$8,000
$4,000
Standard
Itemized Standard
Itemized Standard
Itemized Standard
Itemized
Deduction
Deduction Deduction
Deduction Deduction
Deduction Deduction
Deduction

23. 30-year fixed home mortgage.
$250,000 capital exemption.

24. $
Buy
Buy
Don’t buy mutual funds in taxable
accounts late in the year

25. Buy
Buy
Buy
Buy
Sell
Buy
Buy
Buy
Tax Lot Optimization

26. You
Buy
MF
Sell
MF
Buy
Mutual Funds vs.
Exchange Traded Funds (ETFs)

33. Consider moving

34. How to Read Your 1040
April 18, 2012
Charlottesville Senior Center
David John Marotta
Matthew Illian
Austin Johnston
www.MarottaOnMoney.com