A roundup of advice for taxpayers, investors, and philanthropists during tax season. Enhance portfolio diversification by pooling concentrated holdings and cut capital gains when you sell stocks.Reduce state income taxes, which can be considerable in certain states.Make charitable gifts in the most tax-savvy fashion.Tax time. “It’s the most wonderful time of the year,” said no one ever. But we’re here to help you try and help your clients reduce their tax tab.
Customized financing and tax and ownership advice can help amplify the benefits of your purchase. When it comes to purchasing a luxury marine craft such as a yacht, it’s important to ensure that you understand all the implications that come with it before you dive in.Considerations such as ownership structure, taxes, insurance, and where to register your yacht are equally important.
Uncovering opportunities under the new tax law. Tax reform significantly increased the ability of high-net-worth individuals and families to pass wealth free of estate, gift, and generation-skipping transfer taxes, while increasing the importance of income tax planning. Borrowing or leverage strategies can be a critical component to protect wealth for your family by minimizing risk and reducing taxes.