Category Archives: Year-End Tax Planning

Building Wealth through Real Estate: Financial and Tax Policies of the United States Government That Can Lead To Significant Wealth through Real Estate Ownership

Financial and tax policies of the United States government can help Americans achieve significant wealth through real estate ownership. These policies tend to favor taxpayers who, like the Trump family, are willing to commit to "the long game”, where the full benefits of real estate ownership accrue over decades and ...

Charitable Contribution Planning: Good Measures to Protect Yourself Against a Charitable Deductions Audit

December is a big month in the U.S. for donations to charity. Americans open their hearts and wallets to charitable organizations who feed the hungry, shelter the homeless and educate our youth as well as to many other worthy causes. Philanthropy has been part an important part of the American ...

Estate Planning Valuation Discounts Under Section 2704: An Update

Introduction For about a generation, families have taken minority discounts when valuing interest in closely-held businesses for estate, gift and generation-skipping transfer tax purposes. This popular estate planning technique is often used by families to minimize transfer taxes while maintaining continuity of their ownership in closely-held family-owned businesses. This technique was ...

Year-End Tax Tips Update: Qualified Charitable Distributions Permanently Extended

We’ve been waiting all year to find out which tax provisions will be extended and today, in the 11th hour, Congress has passed the “Protecting Americans from Tax Hikes Act of 2015." This bill is expected to be was signed by President Obama  shortly and made law. The importance of this bill ...

YEAR-END TAX TIPS

In advance, I would like to thank my colleague, Dean R. Jacobus, CPA, MST, for his diligent research and assistance in preparing and writing this blog. As 2015 comes to a close, folks have a lot on their plates – and that’s not just from the holiday hors d’oeuvres being passed ...