CTP

SEPTEMBER 16, 2022

There are thousands of court-tested, law-abiding strategies that help the 1% avoid paying billions of dollars in taxes year after year, like the ProPublica article “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” To find a Certified Tax Planner near you, click here.

tax planning 98

tax planning Tax tax return Education 98

CTP

NOVEMBER 9, 2023

Planning for retirement also means planning for retirement income taxes. Creating a tax plan for retirement will ultimately allow you to spend less money on taxes and put more toward the lifestyle you want. Pre-tax retirement funds. Tax-free retirement funds.

Tax 52

Tax income tax tax planning tax accountant 52

CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making.

Sales 52

Sales Tax income tax tax return 52

CTP

NOVEMBER 16, 2023

First, remember that partnerships are pass-through entities, which means that the business does not pay its own income tax. Instead the business’s income, losses, credits, and deductions “pass through” to the business owners who are taxed at personal income tax rates.

Non-Profits 52

Non-Profits Tax income tax tax planning 52

CTP

NOVEMBER 2, 2023

The percentage of your retirement income that gets redistributed to taxes could considerably impact your quality of life during retirement—if you don’t have a plan in place. Formulating a tax plan for retirement allows your funds to stretch much farther than they would have otherwise.

Tax 52

Tax tax planning Real Estate Sales 52

CTP

AUGUST 3, 2023

If you are holding an asset as an investment through your pass-through business, when you sell that asset it is recorded as capital income and then reported on your personal tax return as the owner. Taxpayers who began their careers more recently often have a lower income and can often benefit from the 0% rate.

Tax 52

Tax income tax tax return tax planning 52

CTP

NOVEMBER 23, 2023

One of the hidden benefits of setting up your business as a partnership is the ability to use special tax allocations. Because a partnership is a pass-through entity, income, losses, credits, and deductions “pass through” to the business owners who are taxed at personal income tax rates.

Tax 52

Tax tax return income tax tax planning 52