April 29, 2022 In the fall semester of 2020 (the most recent available data through the Education Data Initiative), roughly 15.9 million undergraduate students were enrolled in American universities or colleges. Though there have been slight declines in enrollment over the past couple of years, millions of students will continue to pursue postsecondary education in … Continued
April 29, 2022 Two years after making significant, often unclear and even confusing changes to Required Minimum Distribution (RMD) schedules for non-spouse inherited IRAs, the IRS recently issued a proposal with additional guidance, which may come as an unpleasant surprise to many. The proposal will likely not be finalized until later this year, but the … Continued
February 3, 2022 If you’re considering selling your business and want to use a strategy that provides ongoing and periodic liquidity, and smooths out the taxation of a sale, an installment sale may be the solution. There are several reasons this type of sale is implemented, but first, let’s explain what it entails. An installment … Continued
February 3, 2022 Tax planning is all about implementing a strategic plan when managing an estate or planning for retirement. That said, it’s challenging to create an infallible plan, given the possibility of changes within the federal government every couple of years. Of course, the current uncertainty surrounding potential tax changes this year, especially after … Continued
February 2, 2022 When we are young, it is challenging to appreciate an aging process that results in loss of mental capacity and/or death of our loved ones. This happens to some of us more quickly than others. The emotional difficulty of dealing with an ailing or deceased spouse is obvious, yet through client interaction, … Continued
January 27, 2022 If you have recently purchased or are considering a secondary residence for use as a short-term rental or personal vacation home, you might be curious about the possible tax breaks and whether or not you can deduct your mortgage interest. As with all tax-related issues, certain rules and regulations govern the process … Continued
November 2, 2021 Joint ownership of an account can complicate how capital gains are dispersed and who is responsible for the taxes involved. Adding in the current tax change proposed by President Biden, it is important to understand the impact to tax rules and regulations regarding joint ownership. Note that this article is focused only … Continued
November 2, 2021 Amassing wealth comes with many benefits, but having a substantial estate comes with the repercussions of elevated taxes. Gifting portions of your assets to mitigate tax ramifications is possibly a reasonable strategy to help ensure you optimize your estate’s potential. By employing tax and financial planning strategies, you can maximize gifts to … Continued
November 2, 2021 Dual residency is for many an excellent way to get the most enjoyment out of your assets. Having two homes in different parts of the country allows for maximum freedom in your lifestyle, and perks abound, depending on your interests. Select the location of your second home to take full advantage of … Continued
August 6, 2021 Barry Taylor, Senior Wealth Manager and Managing Director at Sand Hill Global Advisors joins Pamela Doherty, Senior Director of Gift Planning and Acting Chief of Philanthropy of The San Francisco Foundation to discuss what the role of community foundations is with prospective donors if donors can just give locally, what a typical … Continued