Futurity Capital LLC

Futurity Capital LLC, an independent, fee-only Registered Investment Advisor, is focused on helping you discover a secure financial future. Complimentary portfolio second opinions & initial consultations.

Registered Investment Advisor Investments Tax Planning Education planning Retirement planning Estate planning Tax planning Insurance planning & products

Mission: Investment management & financial planning with a personal touch

[02/27/20]   Issue Number: Tax Tip 2020-26

Here’s why taxpayers should be using direct deposit for tax refunds

With the filing season just around the corner, taxpayers should be aware of the benefits of using direct deposit for refunds. It’s easy, secure and the fastest way to get a tax refund.

Here are 10 quick facts about direct deposit.

It’s the best and fastest way for taxpayers to get their tax refund.
It’s free.
It’s secure.
Taxpayers can deposit their refund into not only one, but also two or three accounts.
Combining direct deposit with IRS e-file is the fastest way for taxpayers to receive their refund.
When using direct deposit, there’s no risk of having a paper check stolen or lost.
The IRS uses the same system to deposit tax refunds that Social Security and Veterans Affairs use to deposit benefits into millions of accounts.
It’s easy. Just follow the instructions in the tax software or on the tax form.
Taxpayers can use direct deposit even if they are filing by paper.
Direct deposit saves taxpayers money. It costs the IRS more than $1 for every paper refund check issued, but only a dime for each direct deposit made.

markets.businessinsider.com

Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns | Markets Insider

markets.businessinsider.com Ex-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. 'It's just conceivable th...

marketwatch.com

Stocks slide into correction territory as coronavirus concerns rise

marketwatch.com U.S. stocks opened in the red, heading toward a sixth straight day of losses for the Dow and S&P 500 as investors continue to flee equities on worries...

[02/26/20]   China has just announced a temporary ban on buying and selling wild animals for food, taking its most decisive action yet to halt a trade that has been implicated in the coronavirus outbreak. This is a big step in the right direction for both people and animals.

marketwatch.com

Stocks look to recover from torrid selloff as investors eye coronavirus spread outside China

marketwatch.com U.S. stocks open modestly higher as market bulls look for a respite from a selling stampede that’s sent equities sharply lower over the past four days amid...

marketwatch.com

There’s been a huge spike in the number of seniors smoking pot and taking cannabis edibles

marketwatch.com Cannabis use among older Americans jumped 75% in just three years, new research finds, especially among women, minorities and diabetics

marketwatch.com

Dow skids more than 700 points, after stock market suffers worst day in two years

marketwatch.com U.S. stocks deepened their losses Tuesday, erasing early morning gains, as investors watched growing headwinds like the spread of COVID-19 outside China with...

schwab.com

Spreading Global Virus Cases Shock the Stock Market

Intersting article from Charles Schwab

Spreading Global Virus Cases Shock the Stock Market
https://www.schwab.com/resource-center/insights/content/market-volatility

schwab.com How contained is the coronavirus outbreak? That’s the question that rattled markets on Monday.

marketwatch.com

The Dow tumbled more than 1,000 points and marked its third-worst point drop in history — here’s how the stock market tends to perform after big drops

marketwatch.com A bona fide selloff takes hold on Wall Street after weeks of attempting to come to terms with the spread of COVID-19.

irs.gov

Things taxpayers should remember when searching for a tax preparer | Internal Revenue Service

We are listed in the IRS Directory of Tax Preparers under Tanina Linden.
As a CFP certificant I have a fiduciary responsibility to put every client first.

Issue Number: Tax Tip 2019-23

Things taxpayers should remember when searching for a tax preparer

The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. These taxpayers should choose their tax return preparer wisely.

This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s important for people to remember that this is true no matter who prepares the return. Here are some tips for folks to remember when selecting a preparer. Taxpayers should:

Check the preparer’s qualifications. People can use the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications. This tool helps taxpayers find a tax return preparer with specific qualifications. The directory is a searchable and sortable listing of preparers.

Check the preparer’s history. Taxpayers can ask the local Better Business Bureau about the preparer. Check for disciplinary actions and the license status for credentialed preparers. There are some additional organizations to check for specific types of preparers:

Ask about service fees. People should avoid preparers who base fees on a percentage of the refund or who boast bigger refunds than their competition.

Ask to e-file. The quickest way for taxpayers to get their refund is to electronically file their federal tax return and use direct deposit.

Make sure the preparer is available. Taxpayers may want to contact their preparer after this year’s April 15 due date. People should avoid fly-by-night preparers.

Provide records and receipts. Good preparers will ask to see a taxpayer’s records and receipts. They’ll ask questions to figure things like the total income, tax deductions and credits.

Never sign a blank return. Taxpayers should not use a tax preparer who asks them to sign a blank tax form.

Review before signing. Before signing a tax return, the taxpayer should review it. They should ask questions if something is not clear. Taxpayers should feel comfortable with the accuracy of their return before they sign it.

Review details about any refund. Taxpayers should make sure that their refund goes directly to them – not to the preparer’s bank account. The taxpayer should review the routing and bank account number on the completed return.

Ensure the preparer signs and includes their PTIN. All paid tax preparers must have a Preparer Tax Identification Number. By law, paid preparers must sign returns and include their PTIN.

Report abusive tax preparers to the IRS. Most tax return preparers are honest and provide great service to their clients. However, some preparers are dishonest. People can report abusive tax preparers and suspected tax fraud to the IRS. Use Form 14157, Complaint: Tax Return Preparer.

Share this tip on social media -- #IRSTaxTip: Things taxpayers should remember when searching for a tax preparer. https://go.usa.gov/xdPKC

irs.gov Tax Tip 2019-23, February 24, 2019

marketwatch.com

South Korea goes on high alert over virus, Italy battles to contain outbreak

marketwatch.com South Korea’s president said Sunday that he was putting his country on its highest alert for infectious diseases, ordering officials to take “unprecedented,...

marketwatch.com

Warren Buffett says ‘don’t buy or sell’ on the headlines as coronavirus sends stocks plunging

marketwatch.com Global stocks are plunging on Monday after the number of virus cases outside China surged over the weekend, particularly in Italy, South Korea and Iran.

virginiabusiness.com

Dominion proposes $6/month decrease in residential power bills | Virginia Business

virginiabusiness.com Dominion Energy Inc. announced Friday a proposed $6/month decrease in customers’ residential electric bills starting in May, pending approval from the State Corporation Commission. The announcement comes after the House of Delegates overwhelmingly passed the bipartisan Fair Energy Bills Act earlie...

[02/24/20]   From The New York Times
Intuit, the home of TurboTax and Mint, is nearing a deal to buy Credit Karma, a start-up that grew to fame by offering consumers free access to their credit scores, for about $7 billion in cash and stock, two people briefed on the matter said on Sunday.

marketwatch.com

Gold, Treasury prices soar as coronavirus fears spark global stock-market selloff and flight to safety

marketwatch.com Traditional havens, including gold and Treasurys, are soaring as the spread of the coronavirus triggers a flight toward safe assets.

marketwatch.com

Dow down more than 800 points loss as coronavirus spread stirs fears of global economic hit

marketwatch.com U.S. stocks trade sharply lower Monday, joining a global equity selloff, as the spread of coronavirus raises worries that global economic growth could take a...

marketwatch.com

Dow drops more than 250 points as coronavirus uncertainty continues

marketwatch.com U.S. stocks trade lower Thursday, a day after gains in the S&P 500 index and the Nasdaq took the benchmarks to record finishes.

thinkadvisor.com

5 Common Blind Spots on Social Security | ThinkAdvisor

thinkadvisor.com SimplyWise asked five Social Security questions, and only 1 in 300 people answered them all correctly.

marketwatch.com

Dow climbs 150 points on gains for shares of JPMorgan Chase, Walt Disney

marketwatch.com Led by strong returns for shares of JPMorgan Chase and Walt Disney, the Dow Jones Industrial Average is climbing Wednesday afternoon. Shares of JPMorgan...

reuters.com

Factbox: Bloomberg's plan to rein in Wall Street borrows from Warren's playbook

reuters.com On Tuesday, U.S. Democratic presidential candidate Michael Bloomberg unveiled a ...

marketwatch.com

Nasdaq hits record as China pledges to stimulate coronavirus-hit businesses

marketwatch.com U.S. stock benchmarks trade modestly higher at the start of Wednesday’s session as investors gain optimism from measures China says it has taken to help...

marketwatch.com

Sanders ‘a bigger threat’ to the stock market and economy than coronavirus, Wall Street billionaire Cooperman says

Another Goldman Sachs alum weighs in

marketwatch.com Speaking on CNBC on Tuesday, the outspoken billionaire Cooperman says that he views the infectious disease, known as COVID-19, as a short-lived problem.

marketwatch.com

Bloomberg makes debate stage, setting up first showdown with rival Democrats

marketwatch.com Mike Bloomberg has qualified for the upcoming Democratic presidential debate, marking the first time he’ll stand alongside the rivals he has so far avoided...

marketwatch.com

Gold tops $1,600 for first time since 2013 as coronavirus fears spur haven demand

marketwatch.com Gold climbs on Tuesday, with prices headed back to their highest levels since 2013 as continued worries over the COVID-19 epidemic in China put pressure on...

marketwatch.com

What Apple, Walmart and other U.S. companies are saying about the coronavirus

marketwatch.com COVID-19, the new coronavirus that was first identified late last year in Wuhan, China, is becoming a dominant theme in the earnings releases and conference...

marketwatch.com

Dow skids lower at the open after rise in number of coronavirus cases

marketwatch.com U.S. stocks on Thursday pull back from record territory after China, following a change in methodology, reported a sharp rise in COVID-19 cases and deaths.

marketwatch.com

Oil heads higher for a third straight session as traders eye coronavirus news and await OPEC’s next move

marketwatch.com Oil futures inch higher Thursday, poised to extend their streak of gains to a third straight session, as the potential for OPEC+ output cuts fuel optimism,...

marketwatch.com

Tesla jolts market with $2 billion stock offering, SEC subpoena

marketwatch.com Tesla Inc. said it is planning to offer about $2 billion of common stock in an underwritten deal and, separately, disclosed an SEC subpoena looking into some...

businessinsider.com

NASA says SpaceX is just a 'load' of paperwork away from launching its first astronauts. The target launch date is May 7.

businessinsider.com The NASA astronauts flying SpaceX's Crew Dragon spaceship will likely become the first people to fly a commercial spacecraft by the end of June.

businessinsider.com

Ex-Goldman CEO Lloyd Blankfein laid into Bernie Sanders after his New Hampshire win, saying he'll wreck the economy and let Russia 'screw up the US'

businessinsider.com Lloyd Blankfein and Bernie Sanders have previously had public arguments after the Senator put the billionaire on his "anti-endorsement" list.

[02/12/20]   Issue Number: Tax Tip 2020-18

Gathering records before preparing tax return makes filing go smoother

As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before filing a 2019 tax return.

It’s important for folks to have all the needed documents on hand before starting to prepare their return. Doing so helps them file a complete and accurate tax return. Here are some things taxpayers need to have before they begin doing their taxes.

Social Security numbers of everyone listed on the tax return. Many taxpayers have these number memorized. Still, it’s a good idea to have them on hand to double check that the number on the tax return is correct. An SSN with one number wrong or two numbers switched will cause processing delays.

Bank account and routing numbers. People will need these for direct deposit refunds. Direct deposit is the fastest way for taxpayers to get their money and avoids a check getting lost, stolen or returned to IRS as undeliverable.

Forms W-2 from employers.

Forms 1099 from banks and other payers.

Any documents that show income, including income from virtual currency transactions. Taxpayers should keep records showing receipts, sales, exchanges or deposits of virtual currency and the fair market value of the virtual currency.

Forms 1095-A, Health Insurance Marketplace Statement. Taxpayers will need this form to reconcile advance payments or claim the premium tax credit.

The taxpayer’s adjusted gross income from their last year’s tax return. People using a software product for the first time will need their 2018 AGI to sign their tax return. Those using the same tax software they used last year won’t need to enter their prior year information to electronically sign their 2019 tax return.
Forms usually start arriving by mail or are available online from employers and financial institutions in January. Taxpayers should review them carefully. If any information shown on the forms is inaccurate, the taxpayer should contact the payer ASAP for a correction.

marketwatch.com

Canopy Growth earnings: When will the weed drinks arrive?

marketwatch.com Still the world’s largest weed company by market value, Canopy Growth Corp. and its bet on weed beverages have not blossomed exactly the way investors were...

marketwatch.com

Dow jumps more than 200 points to carve out intraday record as stock optimism overwhelms coronavirus angst

marketwatch.com U.S. stocks kicked off at fresh records on Wednesday as the stock market appeared inoculated from concerns about COVID-19, an infectious disease that...

marketwatch.com

Gilead scrambles to develop first drug for Coronavirus

marketwatch.com If Gilead’s experimental drug succeeds, it could become the first treatment proven to work against the virus that has killed more than 1,000 people in three...

businessinsider.com

Exercise makes you happier than money, Yale and Oxford research suggests

businessinsider.com Yale and Oxford researchers suggest exercise is more essential to your mental health than your economic status.

marketwatch.com

S&P 500, Nasdaq open at records on hopes that spread of coronavirus is slowing

marketwatch.com U.S. stocks open modestly higher Tuesday, but enough to carve out fresh records for the S&P 500 and the Nasdaq, with investors attributing continued...

businessinsider.com

A parking space in a garage in San Francisco is selling for $100,000

Bubble?

businessinsider.com The parking spot is currently leased out for $300 a month, and the realtor is promoting it as an investment to "park your money" in.

[02/10/20]   Update of the week ending Feb 7th
Global Equities: Solid US economic data helped global equities to steadily rise during the week despite the coronavirus causing widespread shutdowns in China, disrupting global supply chains. Reports of promising treatments and liquidity injections by the Chinese central bank have helped quell concerns amid conflicting reports of the severity of the spread of the virus. Continued outperformance from Technology stocks drove the tech-heavy Nasdaq Composite to fresh highs, finishing the week up 4.04%. The S&P 500 and the Dow Jones Industrial Average trailed slightly, rising by 3.21% and 3.06%, respectively. Broad emerging market (EM) equities bounced back from recent underperformance to perform largely in-line with US indices, as the iShares MSCI Emerging Markets ETF (EEM) rose 2.97%. Developed international markets were able to rise despite evidence of a continued slowdown in Germany, as the iShares MSCI EAFE Index ETF (EFA) gained 2.19% on the week.

from Hanlon

marketwatch.com

Trump’s proposed $4.8 trillion budget will seek cuts to Medicare, Medicaid

marketwatch.com President Donald Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing steep cuts...

marketwatch.com

Stocks little changed as coronavirus impact on global supply chains draws spotlight

marketwatch.com Stocks erase opening losses to trade near unchanged on Monday as investors monitor developments around the spread of the coronavirus, with Chinese workers...

marketwatch.com

Dow joins S&P 500, Nasdaq at records as China says it will slash tariffs on $75 billion in U.S. goods

marketwatch.com Stocks head higher Thursday, setting the stage for a fourth straight day of gains as focus shifts from the rising death tolls from coronavirus to fresh...

HELPING YOU DISCOVER A SECURE FINANCIAL FUTURE

Fee-Only Registered Investment Advisor Investments Tax Planning Retirement planning Estate planning

Want your business to be the top-listed Finance Company in Purcellville?

Click here to claim your Sponsored Listing.

Location

Telephone

Address


965 Devonshire Circle
Purcellville, VA
20132

General information

[email protected] By appointment only http://futuritycapital.blogspot.com/

Opening Hours

Monday 09:30 - 18:00
Tuesday 09:30 - 18:00
Wednesday 09:30 - 18:00
Thursday 09:30 - 18:00
Friday 09:30 - 18:00
Other Purcellville finance companies (show all)
Equity Realty, LLC Equity Realty, LLC
151 S Maple Ave
Purcellville, 20132

At Equity Realty, we help people buy and sell homes in Loudoun County, Virginia.

Casper Insurance Group Casper Insurance Group
101 E. Main Street Suite A
Purcellville, 20132

Casper Insurance group is a local privately owned business started by Darren Casper in 2006. We service the insurance needs of businesses and families.

Jason P. Sengpiehl: Allstate Insurance Jason P. Sengpiehl: Allstate Insurance
100 W O St
Purcellville, 20132

Sengpiehl Insurance Group offering Allstate insurance is dedicated to helping people in VA, WV, MD & DC live the good life everyday!

Andy Macleod - State Farm Agent Andy Macleod - State Farm Agent
741 E Main St
Purcellville, 20132

Auto, Home, Life, Bank, Business Insurance & Financial Services

BB&T BB&T
120 N Maple Ave
Purcellville, 20132

Englund Insurance Agency Englund Insurance Agency
Purcellville

We are an independent, family-owned agency located in historic downtown Purcellville, VA. We are proud to represent Erie Insurance for personal auto, homeowners, life and business insurance.

J Noel Pinson, RIA J Noel Pinson, RIA
18145 Sands Rd.
Purcellville, 20132

Anna Grant Anna Grant
Purcellville, 80501

Edward Jones - Financial Advisor: Brian McDonald Edward Jones - Financial Advisor: Brian McDonald
121 E. Main St.
Purcellville, 20132

Cazador Associates Cazador Associates
37728 Grovers Mill Ln
Purcellville, 20132

Cutting-edge digital technologies & content-rich communications to help insurance brokers & underwriters attract, convert & retain buyers.

Karen Irelan, Loan Officer NMLS # 1002533 - Movement Mortgage Karen Irelan, Loan Officer NMLS # 1002533 - Movement Mortgage
101 E. Main Street
Purcellville, 20132

Karen Irelan, NMLS # 1002533, is a Virginia licensed loan officer with Movement Mortgage located in Purcellville, VA.

Get Your Mortgage with Mary at Movement Mortgage - Loan Officer NMLS 166430 Get Your Mortgage with Mary at Movement Mortgage - Loan Officer NMLS 166430
101 Main Street
Purcellville, 20132

Mary Krueger, NMLS#166430 Branch Manager with Movement Mortgage. Licensed in VA, DC, MD, WVA, and FL