Author: Brian King

IRS Provides Additional Relief for 2020 Required Minimum Distributions

Earlier this year Congress passed the CARES Act as part of the legislative response to COVID-19. The bill includes a waiver of required minimum distributions (RMDs) for the 2020 tax year for IRAs (including inherited IRAs and Roth IRAs) and defined contribution plans. Read more…

How to Use GRATs to Transfer Wealth to Beneficiaries Tax-Free

One of our most important responsibilities is helping clients achieve financial independence. We love when we can tell them they have enough money to do whatever they want for the rest of their lives. But that milestone is hardly the end of the wealth management process. The next question we like Read more…

COVID-19 Summarizing Recent Legislation and Tax Relief

As we all learn to live with the impact the coronavirus is having on our daily lives, recent legislation and relief from the federal government seeks to alleviate the financial impact of COVID-19. The most significant piece of legislation is the Coronavirus Aid, Relief and Economic Security Act. Read more…

7 Ways You Can Take Advantage of the Down Market

Volatility and risk are part of the stock market experience – it’s why stocks produce higher returns than less-risky assets over long periods of time. We say this often, it’s easy to forget when the market declines. Read more…

U.S. Treasury Extends Tax Filing Deadline, Some States Follow Suit

The Treasury Department and Internal Revenue Service recently announced that the federal income tax filing due date had been automatically extended from April 15, 2020 to July 15, 2020.  Saturday’s release updated the notice issued on March 18th that payments could be deferred but not filing.  Read more…

5 Considerations for a Successful Wealth Transfer

You’ve worked your whole life to build and maintain your wealth, so thinking about passing it on can seem daunting. How much should you tell your children about your finances? And how can you distribute your wealth in a way that supports your heirs, as well as your community? Read more…

End-of-Year Tax Planning Tips

As the year draws to a close, so does the opportunity to take advantage of certain tax and financial planning strategies. While this is not an exhaustive list by any means, below are several considerations to keep in mind and discuss with your advisor or CPA. Read more…

20% Qualified Business Income: Summary of Proposed Regulations

As we pass the 3rd Quarter estimated tax deadline for 2018, we shift ahead in thinking about year-end planning and projections.  One of the biggest tax planning opportunities arising from the Tax Cuts and Jobs Act is the new 20% Qualified Business Income (QBI) Deduction for business owners of sole Read more…

How Tax Reform Impacts Business Owners

While the Tax Cuts and Jobs Act impacted both individuals and businesses, changes to the business tax scheme were comparatively more comprehensive and permanent. As a business owner, the magnitude of the changes may seem overwhelming. Instead of getting caught up in the details of every Read more…

Year-End Tax Tips, in Light of Tax Reform

  The end of the year is traditionally a good time to tackle tax planning. You have an idea of what your total income will be, so you can make decisions with an eye on tax efficiencies. This year, the back-and-forth on tax reform has narrowed the window of opportunity a bit. Read more…

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