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Weekend Reading For Financial Planners (November 16-17, 2024)

Nerd's Eye View

The study also looked at what “high performing” firms are doing differently than their peers, finding that these firms have a higher close rate on referred prospects, were better able to maintain pricing discipline, and had significantly lower expenses as a percentage of firm revenue.

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It’s Crunch Time For Many Policyholders

Wealth Management

Number 8860726. Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, tax planning, income and gift tax-oriented wealth transfer planning and investment planning. Registered in England and Wales.

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1099 vs. K-1: What Private Equity and Alternative Investors Need to Know

Harness Wealth

This article explores the distinctions between K-1 and 1099 reporting, explaining their impact on tax planning, basis calculations, filing deadlines, and strategies to optimize your after-tax returns from alternative investments. Different types of income maintain their distinct tax treatment as they pass through to a partner.

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Exit Planning for Founders: How to Minimize Taxes in an Acquisition

Harness Wealth

With proper planning, certain tax obligations can be legally deferred, reduced, or in some cases eliminated entirely. To maximize the value you ultimately receive from your exit, incorporating comprehensive tax planning into your strategy is highly advantageous.

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The Corporate Transparency Act: What You Need to Know

Carson Wealth

By Mike Valenti, CPA, CFP®, Director,Tax Planning LLCs can provide legal protections and a level of anonymity, either or both of which can be beneficial for business owners, investors, and others with valid intentions. For more information, refer to [link]. After 2024, new entities will have 30 days to file the report.

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The Ultimate Guide to Taxes on Secondaries

Harness Wealth

Although these transactions are less common than LP- or GP-led secondaries, they can offer buyers a number of advantages. State and local taxes Secondary funds and their investors may face various state and local taxes, including income tax, franchise tax, and property tax. FIRPTA planning using a U.S.

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Tax Deductions vs. Tax Credits: What’s the Difference?

Harness Wealth

For ongoing education needs, the Lifetime Learning Credit allows for up to $2,000 per tax return to be claimed for qualified education expenses. Though non-refundable, this credit has no limit on the number of years it can be claimed, making it particularly valuable for graduate students or those pursuing professional development.

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