Harness Wealth

JUNE 23, 2023

This article builds upon our series on financial planning, following our other guide, What is a Financial Plan, and How Do I Make One? Estate Tax Rates and Limits in 2023 The estate tax, also referred to as the death tax, is levied on an heir’s inherited portion of an estate if the value of the estate exceeds certain limits.

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Harness Wealth

JUNE 9, 2023

While it may seem like a luxury that is only available to the wealthy, anyone is capable of building an effective financial plan and putting it into action. Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation.

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Harness Wealth

MARCH 3, 2023

Since then, in the midst of a sleepy IPO market and macroeconomic headwinds, Stripe’s plans have evolved. First with the announcement in early 2023 that it would carry out an liquidity event within one year, either in the form of an initial public offering or a secondary sale (i.e. tender offer). The post Stripe: IPO? Tender offer?

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Harness Wealth

APRIL 28, 2023

Because of the complexities of the tax code, make sure you work with a Harness Tax Advisor or other tax professional before making any payments. To pay your quarterly taxes, use the IRS’s Direct Pay portal, or mail in your payment along with your completed Form 1040-ES.

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Harness Wealth

APRIL 17, 2023

In this article, we’ll discuss: Who Pays the Alternative Minimum Tax? Income below the AMT threshold is subject to the 26 percent tax rate, while income above the threshold is taxed at 28 percent (similar to the progressive federal income tax brackets). Tax services provided through Harness Tax LLC.

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Sara Grillo

MAY 8, 2023

A tax advantaged asset Death benefit Tax planning needs Cash value growth Cash value liquidity benefits #2 Use a realistic (low) crediting rate in the illustration The assumed interest rate in an illustration is what is driving the long term performance. SARA GRILLO: Other than five and a half, six. Excuse exactly.

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Zajac Group

FEBRUARY 7, 2023

Even if you’re familiar with the concept of a 10b5-1 plan, you may benefit from some of our best-practice insights. Additionally, at year-end 2022, the Securities and Exchange Commission (SEC) approved several new requirements that will affect Rule 10b-5 plans going forward. The plan should not include any hedging strategies.

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