Tag: tax planning
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When tax season rolls around, couples face a decision that can have a big impact on their finances: should they file jointly or separately? Most married couples default to filing jointly—and with good reason. But there are cases where “Married Filing Separately” (MFS) isn’t just a technical option, it’s a smart financial safeguard. The challenge…
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If you’re a business owner sitting on a highly appreciated asset, you’re probably staring down the barrel of a massive capital gains tax bill. But what if you could sell your business, avoid capital gains tax, generate lifetime income, leave a legacy to charity, and still pass on a tax-free inheritance to your heirs? Enter…
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Business owners often overlook tax efficiency when setting up and the structure of their business and how it operates. However, optimizing your structure can significantly reduce tax liabilities and improve profitability. Whether you are launching a new venture or reassessing an existing one, understanding tax strategies is crucial. This guide will walk you through key…
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With a new presidential administration, massive changes are coming, so its important to know what the new Trump Tax Plan has in store for Americans. The Tax Cuts and Jobs Act (TCJA) of 2017 is set to expire, and President Donald Trump has proposed a new tax plan to extend its benefits and introduce additional…