4 results for tag: Capital Gains
2021 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
The Basic Strategy:
Avoid the high taxes (up to 40.8 percent) on short-term capital gains and ordinary income.
Lower the taxes to zero—or if you can’t do that, then lower them to 23.8 percent or less by making the profits subject to long-term capital gains taxes.
Think of this: you are paying taxes at a 71.4 percent higher rate when you pay at 40.8 percent rather than the tax-favored 23.8 percent.
And if you can avoid that higher rate with some easy adjustments in your stock portfolio, doesn’t it make sense to ...
NUA Choice: A Tax Strategy to Consider If You Own Company Stock
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
Are you an employee who owns your corporate employer’s stock inside a company 401(k), employee stock ownership plan (ESOP); profit sharing plan, or other qualified employer-sponsored retirement plans?
If so, you should start thinking about what to do with the stock when you retire or leave your employer. Your decision can have big tax consequences.
Most people don’t think about it and simply roll the assets from their employer retirement plan into an IRA or a 401(k) with their new employer (if they’re changing ...
2020 Last-Minute Year-End Tax Deductions for Existing Vehicles
It's the last week in November 2020 and it’s time to examine your existing Business and Personal (yes, Personal) Cars, SUVs, Trucks, and Vans for some profitable Year-End Business Tax Deductions.
In this article, let’s first look at your prior and existing business vehicles that you or your pass-through business owns. Then, we will take a look at your personal vehicles as a possible source for a last-minute tax-saving deduction.
Let's start with prior and existing business vehicles.
Your first step is to identify your gain or loss on a sale. Once you have or know what the gain or loss is, know these basic rules:
Gains attributable ...
Tax Series: Capital Gains and Tax Projection
It’s the middle of October 2017 and not only have we “just” completed our Company Retreat but a whole readjusting, reconnecting and reprioritizing our “Mindset” at Morris+D’Angelo as we prepare for 2018 and beyond with “Gusto”.
Good things are around the corner at Morris+D’Angelo for sure.
One of the Topics that have been at the top of my mind for a while that I wish to speak about is Tax Reform. This is the first of a series of articles in the coming months that address some of the issues and concerns that I have as a High-Level Financial Services Tax Professional.
#1: Capital Gains and Tax Projection
Yes, helping reduce ...