Sentences with phrase «tax strategy if»

This is simply a distribution tax strategy if you wish to have personal use.

The home office tax deduction is a great tax strategy if you know how to use it.

The home office tax deduction is a great tax strategy if you know how to use it.

Not exact matches

If you are paying yourself a salary and choosing to distribute capital gain income, this strategy could save you a lot in federal and state income taxes.

If you have some retirement income you've paid taxes on, and other income that is tax free, you'll be positioned to develop strategies to minimize your overall tax liability.

If you haven't hired a tax professional for your new business, we outline strategies to get you started.

More from Fixed Income Strategies: If you're lucky, this retirement expense will be just $ 280K How to decide if you should delay claiming Social Security Hidden tax benefits for retirees and their caregiveIf you're lucky, this retirement expense will be just $ 280K How to decide if you should delay claiming Social Security Hidden tax benefits for retirees and their caregiveif you should delay claiming Social Security Hidden tax benefits for retirees and their caregivers

More from Fixed Income Strategies: 60/40 stock - bond weight rule needs to go on a crash diet Here are some hidden tax benefits for seniors, caregivers If you're a fixed - income investor, here's what to invest in... and what to avoid

«If you're dealing with an aggressive tax strategy that might save or cost you a six - figure amount, you'd be foolish not to approach the IRS about it first,» emphasizes Richard Colombik, a lawyer and certified public accountant based in Schaumburg, Ill..

You have all kinds of strategies to consider, including something called nonstatutory options, a gift that makes sense if an IPO is likely; generation - skipping trusts (to pass stock in your private company to grandchildren); and a so - called qualified personal residence trust, if you're looking for tax - free ways to transfer your home to heirs.

It would be nice if all political parties were to declare a moratorium on all proposed tax cuts until we have a strategy to deal with looming health care crisis.

If you are successful in your investment strategy (and many of you will be) and the government keeps spending like crazy (which it no doubt will) then it is quite possible that your tax bracket or tax rate will go UP when you reach age 59 1/2.

In my experience, a dividend growth portfolio strategy seems to be performing better as an investment than owning a home, in my honest opinion, I would rather rent in a great area than own a home in that area, jeez if I were able to get a lease agreement for 10 years indexed at inflation or at 2.5 % increase annually I would take it and take my down payment and invest it in my portfolio, and continue to contribute the max in my 401K, HSA, and Roth IRA, while enjoying living in a low tax bracket because of my contributions.

Harper's economic strategy, if it can be called that, is looking more and more like George Bush's: tax cuts and military spending.

If that tax bump is a source of concern, consider the following strategy:

If your expenses throughout the year were more than the value of the standard deduction, itemizing if a useful strategy to maximize your tax benefitIf your expenses throughout the year were more than the value of the standard deduction, itemizing if a useful strategy to maximize your tax benefitif a useful strategy to maximize your tax benefits.

If you have questions, it makes sense to work with a professional to see how the law may affect you, and whether there are strategies you should consider to help manage your tax situation going forward.

I'm not a financial expert (my background and work experience is in marketing), so if you're here looking for a financial whiz that will give you groundbreaking advice on tax or investment strategy, look elsewhere.

Plus, if you'd like some additional help with your business finances, DesignRush has plenty of top outsourcing companies and agencies to help with taxes, business growth strategies and everything in between.

Another strategy you can use to minimize paying penalty taxes if you need to access your 401k for early retirement is to roll your account balance into an IRA.

If you have a good business with potential for growth, Factor Funding can speed up your cash flow and unleash your power to survive and thrive, whether you are one, a couple, or one hundred or more people business, working from home or away, already established or just getting started to implement your plans and strategies, buy supplies, meet payroll, pay debts, taxes, or meet other expenses.

If an individual adopts an NUA strategy and takes a lump - sum distribution of the employer stock, he will owe income tax on the $ 40,000.

If the Finance Minister is really serious about an economic growth strategy, then he will have to address the need for comprehensive tax reform in his 2018 budget.

If you wait until after December 31st it will be too late to implement any of these tax planning strategies since you are already into your next tax year by that point.

Claiming the home office tax deduction is a good tax strategy to employ if you are eligible because it allows you to deduct certain expenses that the average homeowner can not.

«Market expectations for tax reform are quite low, setting the stage for an upside surprise if successful,» Jason Pride, director of investment strategy for money manager Glenmede, wrote in a note to clients this week.

If... [Read more...] about Tax Planning Strategies and How to Avoid Overpaying

«If it's not done this year and there's no clear path that you could take to the bank of (tax reform) being done early next year, then you move on... and we'll adapt our strategy accordingly,» Read said separately in an interview with Reuters.

If a tax - bill - fueled buyback bonanza can effectively «buy the dips», market tranquility can be protected, preventing a large - scale unwinding of low - volatility - pegged strategies.

The thing that makes asset location strategies work (when appropriate) is that you can hold your short - term investments in your tax - sheltered accounts, if it makes more tax sense to do that.

This strategy works even though you are the one paying the educational expenses, as the payments are considered gifts to your child, and then treated as if they paid the expenses when claiming the tax credit.

If you work with a CPA before you sell a large asset, your CPA can come up with strategies to minimize your taxes and potentially save you hundreds of thousands of dollars.

That deficit - cutting strategy appeared to rely largely on spending cuts (mostly directed at working - age welfare) and little if at all on tax increases.

Nick Clegg: Barclays must disclose its tax avoidance strategy if it is to seek the shelter of the government - backed asset protection scheme

If you're going to pay no tax you need to be tax free jurisdiction... So what general strategy would you recommend for dating sites that do business in the USA?

On the other hand, if you've opted to defer the Canada Pension Plan and / or Old Age Security till 70 or close to it, that might make the tax - free dividend income strategy partly implementable in semi-retirement.

If you have questions about bunching your deductions or want to know whether it would be an appropriate strategy for you to implement, please reach out to your tax advisor.

However, don't carry out this strategy if you expect to be in a higher tax bracket in the next year.

A qualified advisor will be able to determine if such a strategy is appropriate for you and will also be able to provide you with projections that can help determine how much of your estate would be prudent to transfer to a Charitable Remainder Trust (or how to gradually space out transfers to said trust for maximum tax reduction).

-- Yes if you have a strategy returning 30 - 50 % then you do it regardless of taxes.

If you're looking for 10 - 15 % returns, I think it's doable to run a low turnover, tax efficient investment strategy.

However, if you adopt Warren Buffett's «hold forever» strategy (never sell it), then all of those distributions are basically tax - free money.

If you have a strategy where you're converting gradually over time, by the time you get to retirement you've got a tax - free pool that you can manage your taxes in a significantly better way.

If you do these tax deferral strategies year after year and pay less in taxes up front, you... Read more

However, you can still restructure your payment strategies to optimize your tax results even if your current retirement income plan doesn't provide maximum tax benefits.

You should consider consulting a tax professional if you are thinking of this strategy.

(Yes, there are nuances, such as the +1 year rule and the two homes in one year exemption, but it's best to talk to a tax accountant if you plan on using this strategy.)

They have an appendix on saving on taxes which is valuable, but if I had been in their shoes, I would have described additional strategies to lower tax liabilities off of both capital gains and losses.

But if you're in a low tax bracket (where Canadian dividends are taxed more favourably than capital gains), you should choose the latter strategy.

If you still need or want more tax sheltered savings, then this is potentially a great strategy if your employer allows iIf you still need or want more tax sheltered savings, then this is potentially a great strategy if your employer allows iif your employer allows it.