INVESTMENTS » Tax-Advantaged Investing
Put more of your money in your pocket. By working with our tax planning specialists you’ll explore maximizing your use of tax-advantaged investments, organize your assets in the right types of accounts and learn about other tax-saving strategies.
Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. While decisions are rarely made solely on their tax impact, you should have a working knowledge of the income or estate tax issues and costs involved.
A major goal of tax planning is minimizing federal income tax liability. This can be targeted by:
- Reducing taxable income through income deferral or shifting
- Deduction planning
- Investment tax planning,
- Year-end planning strategies
Investment tax planning* involves evaluating how to best position assets in order to minimize the amount of taxes you have to pay on an ongoing basis. This requires year-round planning, and it begins with an in-depth understanding of the tax implications of various investments and investment strategies, including:
- Treatment of wash sales
- Tax-exempt investments
- Gains and losses
- 1031 exchanges
- Qualified dividends
- Tax-deferred investing
- Passive income and losses
- Mutual fund taxation
If you give away wealth, during life or at death, you may incur federal taxes—and possibly additional state taxes. These taxes include gift, estate, income, and inheritance taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.
Tax issues are never far from the mind of the business owner, and it's likely that many of the decisions you make will be tax-based. It starts with the formation of your business and continues through the sale. Your choice of business entity, how you pay out profits to the owners, and your accounting decisions will all have an effect on your tax liability.
Some events in life—retirement, for example—come with tax considerations. Life event planning focuses on the impact of significant events on your life, as well as on the stages of your overall investment plan.
*The materials in this web site(s) have been provided for general informational purposes only and do not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor or a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation.
IRS CIRCULAR 230 DISCLOSURE:
To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.