Tax Compliance & Strategy

A sophisticated wealth management plan should incorporate your federal taxes. We coordinate your income with your investment and gifting decisions to maximize the money in your pockets and minimize your IRS bill. We go the extra mile and prepare your tax return in-house.

Taxes can be lowered in three ways: increase deductions, increase losses, or reduce taxable income. We help you know you're doing all three when appropriate and create a custom tax planning strategy to address your situation.

Some clients itemize their taxes one year and apply the standard deduction the following year. We can help you structure as many deductions into the year you itemize, positioning you to make the most of the U.S. tax code. 

In 2018, marginal income tax rates were lowered, and the debt ceiling was raised. We are living during a time of historically low income tax rates which may not last long. We will help you analyze your situation to determine if it is appropriate for you to make higher withdrawals or Roth IRA conversions now to use lower tax rates in your favor. 

Many investors get slapped with a big tax distribution from their favorite mutual funds every year in December. Some years, like 2015, these mutual funds had negative performance and still pushed taxable distributions onto clients. We help you stay away from these and other unnecessary taxes.

Many clients give throughout the year to universities, charities, and religious organizations. If you gift highly appreciated stock instead of cash, the tax burden is taken off your hands. Fortunately, 501(c)(3) organizations are exempt from these taxes, so they don't have to pay the taxes either.