Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. riabiz.com) Compliance Many clients want to text with their adviser. morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. Budge looks to solve this.

Tax Planning 130

Tax Planning Startup Compliance Financial Planning 130

Harness Wealth

MARCH 27, 2025

Other reasons involve changes in investment strategy, portfolio rebalancing, or a simple desire to exit a specific asset class. Capital gains can result from the sale or exchange of capital assets, such as fund interests or portfolio company stock. What tax strategies optimize secondary investments? FIRPTA planning using a U.S.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Harness Wealth

JANUARY 10, 2025

Internal Revenue Code (IRC) allows businesses to deduct the full purchase price of certain depreciable assets, including vehicles, in the year of purchase rather than depreciating them over time. Are Capital Gains from Cryptocurrency Tax-Free? Do You Need an LLC to Claim Tax Write-Offs? Are crypto gains tax-free?

Taxes 52

Taxes Assets Media Education 52

Harness Wealth

JANUARY 29, 2025

Tax-loss harvesting is especially useful during volatile market conditions, as price fluctuations can create opportunities to realize losses without significantly disrupting an investor’s overall portfolio strategy. The tax treatment of this loss will depend on how long the asset has been held.

Taxes 52

Taxes Assets Sales Portfolio 52

Harness Wealth

DECEMBER 30, 2024

The key differences between 83(i) and 83(b) elections The benefits and risks of an 83(i) election The eligibility criteria for an 83(i) election How to file an 83(i) election 83(i) compliance requirements for companies Is an 83(i) election right for you? What is an 83(i) election?

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

Harness Wealth

FEBRUARY 5, 2025

If the foreign taxes you paid exceed this limit, the excess foreign tax can generally be carried forward for up to ten years or carried back one year (via an amended return). Maintaining accurate records of foreign income and taxes paid is therefore vital to calculating the correct FTC and maintaining tax compliance.

Taxes 52

Taxes Compliance Accounting Government 52

Harness Wealth

APRIL 16, 2025

Despite removing the recharacterization safety net, the Tax Cuts and Jobs Act left intact the fundamental benefits that make Roth conversions attractive: tax-free growth potential, freedom from required minimum distributions, and tax-free qualified withdrawals.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

WiserAdvisor

AUGUST 31, 2023

They can help you diversify your money across various asset classes and reduce your portfolio’s risk while aiming for consistent returns. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income. Tax planning is not solely about federal taxes.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Sara Grillo

JUNE 7, 2024

Several of the wealth managers had specialists in-house such as: Chief Philanthropic Advisor, Head of Tax Planning, Family Legal Counselor, Trust Officer If you can’t hire these specialists, work out an arrangement with a close third-party with this expertise. Wear a suit and present yourself conservatively.

Financial Advisor 52

Financial Advisor Clients Executive Compensation Compliance 52

Carson Wealth

NOVEMBER 3, 2022

A DAF is an excellent way to achieve an immediate tax deduction without feeling obligated to give an entire gift at once. With a DAF, you contribute assets — cash, real estate, stock, even cryptocurrency — to a fund you establish through a custodial account, which then becomes a charitable account you personally control.

Taxes 98

Taxes Distribution Accounting Nonprofit 98

Indigo Marketing Agency

MARCH 24, 2023

Expertise in Tax Planning & Compliance: A CPA can help you identify tax-saving opportunities and help keep your clients in compliance with tax laws, reducing the risk of costly penalties and fees. Explain that you work with their client and want to provide the necessary tax documents or projections.

Financial Advisor 52

Financial Advisor Tax Planning Taxes Clients 52

Harness Wealth

SEPTEMBER 18, 2024

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

Taxes 52

Taxes Clients Planning Estate Planning 52

Fortune Financial

SEPTEMBER 25, 2023

Your risk tolerance will influence your investment strategy and asset allocation. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. While they may not be exclusively wealth managers, their expertise in tax matters can be invaluable in managing your taxes efficiently.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Sara Grillo

MARCH 22, 2024

Steven Kampschmidt Home Freedom Found Financial Andy Panko [link] Tenon Financial New Mexico Jose Sanchez [link] Flat fee financial planning for families living with and through Alzheimer’s New York State Laura Rotter www.trueabundanceadvisors.com I am an annual retainer, flat fee advisor. Tax preparation is also available.

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

Fortune Financial

SEPTEMBER 25, 2023

Your risk tolerance will influence your investment strategy and asset allocation. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. While they may not be exclusively wealth managers, their expertise in tax matters can be invaluable in managing your taxes efficiently.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Harness Wealth

FEBRUARY 20, 2024

Employed by law firms, corporate legal departments, or running their own practices, tax attorneys can be looked to for legal tax issues and disputes, along with comprehensive tax planning and preparation. Tax advisors can be invaluable for a broad spectrum of taxpayers with complex tax situations.

Taxes 52

Taxes License Education Tax Planning 52

Harness Wealth

MARCH 17, 2023

Here are some of the most common: Token Swaps Token swaps involve exchanging one cryptocurrency or crypto asset for another on decentralized exchanges (DEXs) or through automated market makers (AMMs). The difference between the fair market value of the acquired asset and the cost basis of the disposed of asset is subject to capital gains tax.

Taxes 59

Taxes Government Assets Accounting 59

Diamond Consultants

MAY 24, 2022

So, the ability to provide a truly holistic offering all-under-one-roof – including not only investments but tax planning, family office services, trusts, and the ability to advise on assets held away – is seen by clients as a real benefit.

Clients 52

Clients Compliance Communication Investing 52

Zoe Financial

APRIL 4, 2023

Therefore, inform your investment provider that you are a US citizen subject to the PFIC regime and intend to make a “Qualified Electing Fund or QEF” election under IRC 1295 on Form 8621 during the first year of asset reporting. income tax returns and Form 8621 reporting. In addition, with a knowledgeable U.S.

Retirement 40

Retirement Taxes Compliance CFP 40

Carson Wealth

FEBRUARY 13, 2023

Working with an estate planning attorney can take the pressure off you. Estate planning attorneys have extensive knowledge of state statutes. It’s their job to stay on top of the law as it changes and make sure your estate plan is in compliance. Do you execute the estate plan? What are your fees?

Estate Planning 52

Estate Planning Planning Consulting Financial Advisor 52

Harness Wealth

OCTOBER 23, 2023

If you’re a CPA who works with clients on more than just annual tax returns, you’re likely already providing accounting advisory services. This emerging discipline offers a wealth of opportunities for both clients and accounting firms, and focuses on providing strategic guidance and future-focused tax planning throughout the year.

Accounting 52

Accounting Taxes Strategic Planning Estate Planning 52

Harness Wealth

APRIL 28, 2023

Making accurate and timely estimated tax payments helps you manage your taxable income, avoid penalties, and ensure you’re in compliance with the IRS. If you are granted RSUs, the value of the shares at the time of vesting is considered ordinary income and is subject to income taxes.

Taxes 52

Taxes Distribution Startup Assets 52

The Big Picture

AUGUST 15, 2023

So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. If you look at the types of assets that Yale invests in, you can create a benchmark for each pool.

Management 130

Management Investing Investments Government 130

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. He does not take custody of assets or have discretion. He is also agnostic as to where the clients’ assets are held. Jon Luskin. Rick Ferri.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Carson Wealth

JANUARY 28, 2025

When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Steps to Setting Up a Philanthropy Fund Taking the proper steps in the beginning can give your charitable giving plan a solid foundation.

Risk Management 52

Risk Management Management Nonprofit Compliance 52

Harness Wealth

FEBRUARY 4, 2025

In this article, well explore all the details of alternative investments, the reasons behind their growth as an investment choice, and how their tax treatment differs from traditional assets. Well also go into some potential strategies to optimize tax efficiency. What Are the Tax Strategies for Alternative Investments?

Taxes 52

Taxes Investing Investments Startup 52

WiserAdvisor

MARCH 13, 2024

At its core, investment planning ensures that your financial resources are strategically allocated to various asset classes in accordance with your risk tolerance and investment objectives. Another important aspect of investment planning is its role in combating inflation. This makes them a valuable tool for tax planning.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Nerd's Eye View

JULY 24, 2024

As a whole, these regulations introduce significantly more complexity to the process of tax planning around retirement accounts, particularly after the death of the account's original owner. Act passed in late 2022.

Distribution 190

Distribution Accounting Retirement Tax Planning 190

Sara Grillo

MAY 8, 2023

If you see the IUL grifters on TikTok claiming an IUL policy is better than a 401k, or that is has upside potential with downside protection, a “can’t lost money asset”, or “privatized banking” you’ll know why the outrage is well deserved. Then how come it’s sold as “can’t lose money asset” and other BS claims?

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Harness Wealth

MARCH 20, 2025

Similarly, individuals with lower home-related expenses, like mortgage interest or property taxes, may find the simplified method’s flat-rate deduction comparable to, or even more advantageous than, the standard method. It’s important to be familiar with these rules to ensure compliance and reduce the risk of an audit.

License 52

License Taxes Insurance Consulting 52

Harness Wealth

MARCH 25, 2025

With that said, detailed records, including receipts and mileage logs, are essential for substantiating all deductions and ensuring IRS compliance. Travel nursing and taxes Travel nurses face a specific tax challenge, primarily due to their pay structure and the concept of a “tax home.”

Medical 52

Medical Taxes Tax Planning Education 52