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What is the Net Unrealized Appreciation Strategy
January 19th, 2025
Building wealth takes time, effort, and careful planning. Once you’ve created that wealth, protecting it becomes just as important. If you have employer stock in a retirement plan, you might benefit from a tax-saving approach called the Net Unreali…
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What is Tax-Loss Harvesting?
June 10th, 2024
Investing in stocks can yield great growth—but the flip side of that is that investing also involves risks. Some investments are winners, and others that looked promising initially fizzle disappointingly. But even those stocks that turn out to be d…
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Joe Biden’s Tax Plan: What Has and Has Not Changed
February 18th, 2022
When a new president takes office, tax planners and financial planners sift through campaign promises as if they were tea leaves, trying to predict what laws will change and how to adjust their planning accordingly. President Joe Biden has been in of…
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House Ways and Means Committee Unveils Tax Proposal
October 8th, 2021
Regular readers of this blog know that we have been on the lookout for tax changes on the horizon since the beginning of the current presidential administration. Reading the tea leaves of campaign promises and statements to the press, we have counsel…
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Estate Tax Planning Strategies for the Biden Tax Changes
May 5th, 2021
In the first few months of President Biden’s administration, the focus has been on COVID-19 relief, voting rights, and infrastructure. But President Biden campaigned on changes to the tax system, and you can be sure that, sooner or later, the admin…
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How Will Estate Tax Law Change Under the Biden Administration?
April 29th, 2021
In recent years, tax policy has tended to change depending on which political party held the reins in Washington, D.C. These swings are problematic for people making long-term financial decisions; The increasingly dynamic nature of tax law offers a g…
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Federal Estate Tax: Current State of the Law
March 15th, 2021
When an individual dies, any assets they own could be subject to federal estate tax. However, under today’s laws, very few estates—only two in a thousand—are likely to pay federal estate tax. That figure could change significantly with the new…
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Using Your Tax Refund for Retirement Financial Planning
September 9th, 2020
The tax filing deadline was delayed for three months in 2020 due to the coronavirus pandemic. As a result, many of those who filed their taxes in July have recently received their income tax refunds. A tax refund can feel like a windfall, and many pe…
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Should You Make Your Business an LLC or S Corporation?
July 20th, 2020
Contributor: Ted Gudorf, J.D., LL.M.
One of the first decisions a business owner is faced with is what business entity they should choose for their company. For many businesses, the choice comes down to two options: a limited liability company (LLC) or S corporation. An S corporation is…
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How to Convert a C Corporation to an S Corporation (And Whether You Should)
May 21st, 2020
Since the implementation of the federal Tax Cuts and Jobs Act (TCJA) a couple of years ago, our office has received many inquiries about the benefits of converting an existing C corporation to an S corporation. In this article, we will briefly discus…
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