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Appreciated Assets

Shift income to take advantage of the 0% long-term capital gains rate

(GST) Generation-Skipping Transfer Tax Consequences, (LTCG) Net Long-Term Capital Gain, Federal Taxes, Gifts, Investment Income Tax (NIIT), Kiddie Tax, Modified Adjusted Gross Income (MAGI) /

Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation — or at least significantly reduce it. Leveraging lower rates Investors generally are subject to […]

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Divorcing as a business owner? Don’t let taxes derail your settlement

Business Valuation, Divorce, Federal Income Tax, Gift Tax, Ordinary Income Tax, Small Business, Small Business Owners, Small Business Tax Tips /

Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one of your largest personal assets, and in many cases, part or all of it will be considered marital property. Understanding the tax rules that apply to asset division can help you

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Divorcing business owners should pay attention to the tax consequences

Assets, Capital Gains, Divorce, Small Business Owners, Small Business Stock, Small Business Tax Tips, Small Business Tips /

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it. Transferring property tax-free

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Why it’s important to plan for income taxes as part of your estate plan

Estate Planning, Estate Tax, Federal Income Tax, Gift and Estate Tax, Individual Income Tax, Internal Revenue Service (IRS) /

As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because many estates won’t be subject to estate tax, more planning can be devoted

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Take advantage of the gift tax exclusion rules

Federal Gift Tax, Gift and Estate Tax, Gift Tax, Gifts, Securities, Tax Planning, Tax Savings /

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift tax exclusion. The amount is adjusted for inflation annually. For

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Divorcing business owners need to pay attention to tax implications

401K, Assets, Divorce, Federal Income Tax, Gift Tax, Income Tax, IRA, Tax /

If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and your marital property will include all or part of it. Transferring property tax-free. You can generally divide most

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