Compensation Planning Sales Tax Planning 
Harness Wealth
NOVEMBER 12, 2024
As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year.
Nationwide Financial
MARCH 6, 2023
While clients are thinking about 2022’s taxes, it’s a good time to discuss income, estate, and business planning opportunities for 2023. Defer income Clients may consider putting off asset sales or delaying receipt of other income until next year to reduce 2023 taxable income.
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Darrow Wealth Management
NOVEMBER 17, 2022
The surtax will increase the Massachusetts tax liability by $68,000 on the sale of their home. Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., that could increase the tax due from the surtax. Consider an installment sale.
Zajac Group
JANUARY 24, 2023
If so, you’ve probably read about the alternative minimum tax (AMT), and qualifying and disqualifying dispositions. While AMT and holding periods for qualified sales may be important from a tax-reporting standpoint, they may be irrelevant if you simply exercise and sell your ISOs in a cashless transaction.
Carson Wealth
MAY 4, 2023
At this point, the value of the spread/stock proceeds is taxable as ordinary income, often as W-2 wages. The employee may or may not decide to sell the newly acquired shares, but the difference between the market price at exercise and the sales price is taxed as a capital gain or loss.
Harness Wealth
MARCH 11, 2024
Additionally, if the donation consists of appreciated securities or assets, the donor can avoid capital gains taxes that would otherwise arise from selling those assets. These taxes can include state and local property taxes, income taxes, and sales taxes. Keep in mind that breaking the wash-sale rule.
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