Financial Symmetry

APRIL 9, 2025

Tax planning might not top everyone’s list of leisure activities, but in the middle of tax season, theres a hidden opportunity. In this episode, we talk about five strategies you can use during tax season to create opportunities to help you reach your financial goals.

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Taxes Tax Planning Retirement Planning 62

Harness Wealth

MARCH 27, 2025

Although these transactions are less common than LP- or GP-led secondaries, they can offer buyers a number of advantages. Instead, partners (investors) are taxed directly on their share of the fund’s income, gains, losses, and deductions, regardless of whether those amounts are actually distributed.

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Taxes Tax Planning Assets Compliance 52

Harness Wealth

JULY 14, 2025

With a larger carried interest percentage, a smaller share of the gains is distributed to investors. Similar to an LP’s partnership agreement, an LLC’s operating agreement dictates how profits and losses are allocated among members, directly impacting individual tax liabilities.

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Taxes Investing Investments Assets 52

Harness Wealth

JULY 14, 2025

This structure allows real estate investors to pay themselves a “reasonable salary” (subject to payroll taxes) and take remaining profits as non-self-employment-taxed distributions, potentially reducing the overall tax burden. What are the key tax strategies during real estate ownership?

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Taxes Investing Investments Sales 52

Harness Wealth

MAY 2, 2025

Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect. tax-paying arena. A number of TCJA provisions are set to revert to pre-TCJA levels or disappear entirely, impacting both individuals and businesses.

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Taxes Clients Insurance Distribution 52

Harness Wealth

JANUARY 28, 2025

Enjoy tax-free growth and withdrawals. No required minimum distributions (RMDs). Drawbacks: Conversions may trigger taxes. Potential to move into a higher tax bracket. You must hold a Roth IRA for at least 5 years to benefit from its tax-free withdrawals.

Taxes 52

Taxes Planning Retirement Accounting 52

Zajac Group

APRIL 23, 2025

But for those interested in charitable giving, there may be a way to address the tax concerns associated with highly appreciated assets and give meaningfully over time. Receive income : During the term of the trust, youor other designated income beneficiariesmay receive an annual distribution from the trust.

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Distribution Taxes Assets Tax Planning 52

Discipline Funds

DECEMBER 29, 2024

Theres really no need for so much complexity in a portfolio and if your portfolio has an excessive number of positions you might want to reconsider your allocation. If you are over 73 you should be starting to take requirement minimum distributions. Do so before year-end and plan for next years RMD now.

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Financial Planning Planning Asset Allocation Retirement Planning 64

WiserAdvisor

JUNE 27, 2025

Start planning early. It takes strategic foresight, hard numbers, and smart decisions that begin well before your final day at work. Yet far too many professionals delay the planning process. Most early retirees have significant assets in tax-deferred accounts like a 401(k) or traditional IRA. And the best way to do that?

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Retirement Planning Retirement Planning Taxes 59

Wealth Management

JUNE 11, 2025

Number 8860726. The second amendment to the revocable trust agreement directed the following distributions: • 2 million dollars to the trustee of the MCC Trust, to be held for Maria’s benefit. The MCC Trust agreement included terms about the distribution of trust assets: 3.2. Registered in England and Wales.

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Taxes Wealth Management Estate Planning Distribution 166

Wealth Management

JULY 17, 2025

Number 8860726. Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Lothes July 17, 2025 6 Min Read • Distributions of stock in a grantor retained annuity trust (GRAT) don’t trigger insider trading rules— In Nosirrah Management, LLC v. The court determined that one distribution qualified, while the other didn’t.

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Taxes Estate Planning Distribution Wealth Management 147

Nerd's Eye View

NOVEMBER 18, 2022

From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions. A new research study suggests that delaying taxes in retirement is often not the optimal course of action.

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Financial Planner Tax Planning CFP Taxes 246

Nerd's Eye View

JULY 12, 2024

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

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Financial Planner Clients Tax Planning Accounting 189

Harness Wealth

FEBRUARY 26, 2023

Cost-saving tax planning can be much more difficult to implement after your company is well-established and has reached the stage where an IPO, merger, or acquisition becomes a likely event. The first three options are pass-through entities, so profits and losses are distributed to the owners who are taxed on them.

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Tax Planning Startup Taxes Planning 52

Harness Wealth

MARCH 29, 2023

For example, if you convert $50,000 and it grows to $100,000 in a Roth IRA over the next several years, that essentially results in $50,000 tax-free dollars. Keeping your funds in a traditional IRA only defers taxation on the full amount until the funds are distributed at some point in the future.

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Tax Planning Taxes Planning Marketing 52

Darrow Wealth Management

NOVEMBER 17, 2022

The simple examples above only illustrate the state tax impact, but federal tax implications will also apply. 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.

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Taxes Wealth Management Tax Planning Planning 111

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Tax Planning Taxes Planning Healthcare 40

James Hendries

SEPTEMBER 20, 2022

Income shifting (also known as income splitting) may be defined as dividing income in a way that lowers overall taxes. Each child can receive limited partnership interests worth $16,000 (the current annual gift tax exclusion amount) from each parent as gifts, without federal gift tax consequences.

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Tax Planning Taxes Planning Accounting 52

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. This tax benefit is scheduled to sunset at the end of 2026.

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Taxes Tax Planning Planning Estate Planning 105

Walkner Condon Financial Advisors

MAY 31, 2024

Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers.

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Taxes Financial Advisor Tax Planning Distribution 105

Carson Wealth

FEBRUARY 16, 2024

By Mike Valenti, CPA, CFP ® , Director of Tax Planning It’s that time of year again! W-2s, 1099s and mortgage statements have been to hit your mailbox: a daily reminder that it is, once again, Tax Season. Overall, it was a relatively quiet year on the tax front. Although Congress isn’t done yet! More on that later.)

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Taxes Consulting Accounting Planning 97

Harness Wealth

APRIL 28, 2023

If you earn income from various sources throughout the year, such as equity windfalls, venture capital fund distributions, crypto investments, and sales, or small business income, you will need to pay estimated quarterly taxes. It’s important to make your quarterly tax payments on time to avoid penalties and interest charges.

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Harness Wealth

SEPTEMBER 18, 2024

Only 26% of Americans have an estate plan. If you’re thinking, “But my clients are high-net-worth…many more have an estate plan.” Well, the numbers are only slightly better for high-net-worth families, with just over 50% as reported by Think Advisor. What do these numbers tell us?

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Taxes Clients Planning Estate Planning 52

Workable Wealth

APRIL 1, 2020

You then must deposit the check into your new IRA account within 60 days in order to avoid owing full taxes on the distribution plus penalties. After you deposit your first check, you’ll then need to make out another one to cover the 20% initially withheld (or else this could be deemed a distribution).

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Distribution Accounting Taxes Retirement 52

Harness Wealth

MAY 2, 2025

Understanding LLC Taxes Key Tax Deductions and Credits Common Tax Deductions for an LLC Tax Planning Tips for an LLC Final Thoughts on Understanding LLC Taxes Partner with Harness for Expert Tax Support What Is a Limited Liability Company (LLC)?

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Taxes Tax Planning Compliance Strategic Planning 52

Harness Wealth

MAY 2, 2025

Understanding LLC Taxes Key Tax Deductions and Credits Common Tax Deductions for an LLC Tax Planning Tips for an LLC Final Thoughts on Understanding LLC Taxes Partner with Harness for Expert Tax Support What Is a Limited Liability Company (LLC)?

Taxes 52

Taxes Tax Planning Compliance Strategic Planning 52

Harness Wealth

OCTOBER 24, 2024

Use this tax prep checklist as a tool to save time ahead of tax filing. Personal Information Social Security Numbers (SSN) or Individual Taxpayer Identification Numbers (ITIN): Needed for you, your spouse, and any dependents for identification purposes by the IRS.

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Taxes Insurance Insurance Coverage Medical 52

Harness Wealth

FEBRUARY 7, 2023

In this article, we’ll go into all that and more, including: Vesting schedules and cliffs Alternative Minimum Tax The Post-Termination Exercise Period State residency considerations for relocation Vesting schedules and cliffs A vesting schedule is the timeline of when you will receive your stock options or grants.

Startup 52

Startup Taxes Tax Planning Commission 52

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. This tax benefit is scheduled to sunset at the end of 2026.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Zajac Group

JUNE 15, 2022

Why not make best use of your tax-planning powers when you do? At a glance, it would seem qualified dispositions are the way to go: Qualified dispositions: Proceeds are taxed at (usually lower) long-term capital gains rates. Disqualified dispositions: Proceeds are subject to various (usually higher) tax rates.

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Taxes Tax Planning Sales Planning 52

Harness Wealth

MARCH 5, 2024

This fee can include consulting around specific issues or all-inclusive packages for outsourcing accounting and tax services. Fixed per-service fees: Some tax advisors charge a set fee for individual services that allows for predictable but flexible billing based on the number and complexity of services.

Taxes 52

Taxes Tax Planning Ethics Education 52

Harness Wealth

MAY 2, 2025

Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect. tax-paying arena. A number of TCJA provisions are set to revert to pre-TCJA levels or disappear entirely, impacting both individuals and businesses.

Taxes 52

Taxes Clients Insurance Distribution 52

Workable Wealth

APRIL 29, 2020

There are a couple of accounts that are tax-deferred accounts, which means the accounts contribute and accrue gains tax-free until distribution in retirement. The top two tax-deferred accounts are 401(k) and a Traditional IRA. Both of these accounts are funded with pre-tax dollars.

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Taxes Investing Investments Risk Tolerance 52

eMoney Advisor

FEBRUARY 9, 2023

Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.

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Financial Planning Clients Planning Education 95

Cordant Wealth Partners

AUGUST 16, 2024

Income Typically, Intel offers a certain number of weeks of salary, plus a payout of earned benefits and bonuses as part of a layoff package. Severance pay: Severance at Intel is typically structured as a fixed number of weeks + weeks based on the length of service. Tax planning for a transition out of Intel is critical.

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Planning Retirement Taxes Accounting 52

Cordant Wealth Partners

NOVEMBER 20, 2020

Today, these plans’ main benefit is the tax deferral feature—the ability to invest your money pre-tax and have it grow untaxed until the money is paid out. Today, these plans’ main benefit is the tax deferral feature—the ability to invest your money pre-tax and have it grow untaxed until the money is paid out.

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Compensation Planning Taxes Distribution Retirement 52