As people think about gifting money to family members, they want to do it in a way that is most beneficial to themselves and the recipients.
Reducing Income Tax
With markets running high, your taxable gains may be higher in 2021 than usual. Don’t panic! This is a good thing if managed properly.
House Democrats have stripped out many tax changes we’ve anticipated. See what changes remain.
As the House Ways and Means Committee announces its $3.5 trillion tax bill, a key planning consideration will continue to be timing.
UPDATE: The House Ways and Means Committee released its $3.5 trillion tax proposal on Sept. 13, 2021. See how the tax plan has changed since the proposal...
As tax documents fill your mailbox, you may wonder what will come of tax changes President Joe Biden promised during his campaign. See what changes we anticipate.
Tax planning is a very important aspect of wealth preservation. If you have a sizeable portfolio, there are many opportunities to peck away at your tax burden.
Last year (per Raymond James), the Internal Revenue Service (IRS) saw a 60% increase in phishing scams that tried to steal money or tax data from individuals.
A key area of planning for our clients includes strategies to reduce tax on capital gains (the tax paid on sales of appreciated investments). Yes, we want gains, but once achieved, Uncle Sam and the other taxing authorities also like a “piece of the action.”