Tag Archives: Tax Issues (Sentinel)
Conservation easements are a powerful planning tool for safeguarding land indefinitely while simultaneously providing tax deductions in the short term. Understanding how they work, and the ways some bad actors abuse them, is key to understanding whether they are right for you.
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The concept of enjoying luxury cars, yachts or aircraft while also using them in your tax planning can be alluring. However, it’s critical to approach these opportunities with caution and compliance.
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Not every Section 529 plan is the same. Choosing the right plan will help you to get the most out of your education savings.
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A potential bonus from an electric vehicle is money back in your pocket from tax incentives — if you can navigate the process.
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There are a variety of reasons a taxpayer could need an extension, but a common one is waiting on a form that an organization has not yet issued. Some of the most common forms that leave taxpayers waiting are Schedule K-1s, K-2s and K-3s.
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Balancing the benefits of lifetime gifts and bequests that receive a step-up in basis is a complicated exercise. But taking the time to weigh the benefits and drawbacks of different approaches can help you make the most of the current regulations without neglecting long-term concerns.
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The complications of reporting foreign financial activities means that taxpayers can discover they need to fix their foreign tax filings after the fact.
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After the midterm elections, taxpayers are likely to face a quiet few years before the tax landscape potentially shifts in a more substantial way.
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Keeping your approach simple has its upsides, but advanced capital gains tax planning can take your tax savings to the next level.
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Income tax planning comes in many different forms, but effective capital gains planning often has the biggest long-term impact on the wealth of successful people.
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