Tax season is upon us! Please take a glance at our helpful updates below.

Tax Preparation Packets

As a wealth management firm specializing in assisting high-net-worth individuals and businesses with their financial needs, we strive to provide exemplary client service. As a component of that service, we are in the process of preparing your Tax Packet which will be uploaded to your eMoney document vault by February 21st. If you need assistance with your eMoney login, please reach out to your AOG Relationship Manager or Amy Walley at 703-757-8020. If you would prefer a hard copy of this information mailed to you, please reply to this email. Your Tax Packet will include:

* Checklist of tax reporting documents you should expect to receive for only the investments we manage (if applicable)

* TD Ameritrade 1099 (if applicable)

* Schwab 1099 (if applicable)

* TD Ameritrade Cost Basis (if applicable)

* Schwab Cost Basis (if applicable)

2021 Contributions

Contributions for the 2021 tax year can be made up until your 2021 federal tax returns are filed. The maximum annual contribution limit is $6,000 to a Traditional or ROTH IRA and $7,000 for anyone 50 or older. 401(k) contribution limit is $19,500; catch up is an additional $6,500 for anyone 50 or older.

Partnership Programs

We want to notify partnership investors and tax preparers what to expect and when to expect documentation needed to file your 2021 taxes.

The deadline to issue partnership K-1's to investors is scheduled for March 15, 2022. We anticipate that investment companies will send packages via hard copy or electronically to clients on or before that date. The tax filing package you receive from those investment companies will include all IRS Schedule K-1s (if applicable).

*Those invested in a Land Development/Conservation Easement will also receive Form 8283 and Form 8886 with their K-1.

Please call our office at (703) 757-8020, and one of our client service team members will be more than happy to assist you with any questions.