Tax Planning
The CARES Act enacted a recovery rebate tax credit to help individual taxpayers through the economic disruption caused by the coronavirus pandemic. This article discusses strategies to lower a taxpayer’s 2020 AGI to avoid a phaseout of the credit and other strategies for maximizing the credit a taxpayer receives.
The IRS issued final regulations allowing regulated investment companies (RICs) to report qualified real estate investment trust (REIT) dividends as Sec. 199A dividends to their shareholders.
Advisers to high-net-worth clients should emphasize strategies that take advantage of lifetime gifting, charitable planning, and Roth accounts, as well as low interest rates and depressed asset values.
The act contains changes to existing law, mostly designed to encourage retirement savings and to make it easier for employers to offer retirement plans.
An ‘outstanding practice’ combines personal financial planning with tax compliance to help clients maximize charitable deductions, provide solutions for difficult financial situations, avoid
capital gains tax, and create a family legacy.
The enactment of the Sec. 199A QBI deduction adds a new consideration to the form of entity analysis because the QBI deduction available to a business owner may vary depending on a business’s entity form. This article discusses the differences in calculating the QBI deduction for S corporations and LLCs in a variety of scenarios.
This article discusses some specific issues to consider for tax year 2019.
This article focuses on two resources often used in financing medical care: home equity loans and distributions from retirement plans and IRAs.
This article discusses options available to clients to help pay for their children's or grandchildren’s education.
This column discusses advising clients on the implications for choice-of-entity decisions, charitable
giving strategies, and estate, retirement, and higher education planning.
This article discusses the potential benefit of choosing to include scholarships or grants in income.
This article examines the requirements and limitations taxpayers face when seeking benefits of significant education-related income tax provisions.
Disciplined planning for realizing gains lessens the potential for unanticipated taxes or ugly year-end surprises.
A stock protection fund may be helpful to some investors.
When a qualified retirement plan account holds employer stock, a retirement plan participant could save thousands of dollars with proper planning.
Careful and thoughtful advanced planning can result in substantial tax savings.
Deciding whether it makes sense to trigger the resulting tax liability depends on several factors.
Foreign high-net-worth individuals immigrating to the United States should seek advice to minimize exposure to the U.S. income, gift, and estate tax system.
The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.
Identifying qualified dividends and helping taxpayers meet the requirements for qualified dividend status are valuable client services.
