Reduce taxes by giving smartly
“Should five percent appear too small, be thankful I don’t take it all, because I’m the taxman … Don’t ask me what I want it for if you don’t want to pay some more, because I’m the taxman.” —The Beatles I’m not a big fan of paying taxes. I mean, I guess I like it when…
By Allen Harris
December 6, 2021
How to save money with tax-gain harvesting
Tax-gain harvesting is an opportunity to convert a long-term taxable gain into a potentially tax-free cost basis. Readers are probably familiar with tax-loss harvesting. Tax-loss harvesting is a form of tax planning. It’s the process of selling some investments at a loss, usually to offset gains you’ve realized when selling other assets at a profit….
By Allen Harris
October 11, 2021
New taxes to know about
Tax proposals from as recently as June 2021 have changed. The stuff that could fall under this topic has filled months and months of news coverage. Today I will focus on some interesting ones you should be aware of. I’ll keep it brief, just so that you know we’re monitoring it for you. The ABCs…
By Allen Harris
September 27, 2021
You’re not as rich as you think you are
“If you have a tax preparer, you do not have a tax planner.” —James Pollard’s CPA “Tax preparation is focused on getting this year’s tax return prepared and to the IRS … it’s all about what happened this last year. Let’s get it done and move on … the contrast to that in tax planning is…
By Allen Harris
August 9, 2021
Tips for the 2021 Tax Season
Preparing for the 2021 Tax Season How a financial advisor can help you manage your taxes this year Reducing your tax burden can help you manage your wealth and free up money to meet your financial goals and build your legacy. But tax rules are complicated, and you may need help understanding all the methods…
By Kimberly Campagna
February 8, 2021
Tax Tips for Charitable Donations
Charitable giving is a great way to support the causes you care about while also getting a tax break. In 2020, Congress passed the Coronavirus Aid Relief and Economic Security (CARES) Act, which incentivized charitable giving by offering new rules for charitable deductions. As we move into the new year, now is the time to…
By Kimberly Campagna
January 22, 2021
