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 your tax bill is one way some advisers might look to add value, and mitigating capital gains tax plays into that. So, simply easing your tax burden sometimes isn’t that simple.

Over the years, I have provided top-level advise to many especially those who have foreign business ventures or complex relationships either in Europe or Asia (See The Global Governmental Crusade Against Cross-Border Tax Effectiveness).

It’s that time of the year to consider some of these topics if they’re appropriate and relevant to your situation. Not sure, keep reading.

These are typically on our Checklist of Topics to consult with you about:
1. Tax-Loss Harvesting
2. Charitable Donations
3. Step-Up In Basis
4. Cross-Border; State or Country

Your Tax Projections

Tax planning is something much different. It is the on-going process of making important financial decisions by recognizing the tax implications of the decision. It involves planning steps that may reduce your tax burden that would ultimately benefit your financial future.

Not Everything is as Clear as Day; I’m going to guess that Most of you think that Tax Planning is something we “only” pay attention to every year in April. Not so, In April, that’s “Tax Preparation”, the act of filing your taxes (this could be as simple as working from your W2).

Tax planning is something much different. It is the on-going process of making important financial decisions while recognizing the tax implications of the decision. It involves planning steps that may reduce your tax burden and benefit your financial future.

If you own rentals, involved in active stock trading, own your own business, operating an agricultural business, etc. you could choose when and how you receive your Taxable Income that would be the best strategic time period to do so that would also provide the most benefit for you and your family.

There are Many Tax Planning Strategies to Help You

When considering Tax Strategies depending on the context of your situation, there are two areas that you could immediately take a look at how you’re managing these important financial “buckets”.

Qualified Retirement Contributions and Capital Gains and Losses
A good understanding of your Capital Gains situation will eventually pay back dividends, but you have to come talk to us first so we can develop and put “Action” into your Plan.

We Study and Understand your:
a) – Stock Market Gains
b) – Financial Withholdings
c) – Recent Financial Transactions
d) – Finally, We Evaluate and Consult

The best Tax Strategies depend on informed choices that target your tax situation and your financial plan. Discover potential benefits as well as any disadvantages so you can make informed decisions.

Contact Us. We’re here to help You.

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Daniel Morris
Daniel frequently provides Media Content via Workshops, Podcasts and Printed Articles on topics like Cross-Border Transactions, Wealth Preservation and Planning, Global Banking and many other high-level financial topics that serve and demonstrate the Value of our Global Network that should be of interest to those who need Private High-Wealth Services. If you wish for Daniel to speak to you or your Professional Group, please contact us.

Morris+D’Angelo is the industry leader for many High-Wealth Customers and Organizations.

707 SW Washington St., Suite 1100
Portland, Oregon, 97205

503.749.6300 – Portland Office
408.292.2892 – San Jose Office

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