A Roth IRA conversion can be one of the most powerful tax-planning moves in a retirement plan. Read more…
Beyond AGI & MAGI: Multi-Year Tax Planning for High Earners
If you’ve taken the time to calculate your Adjusted Gross Income (AGI) or Modified Adjusted Gross Income (MAGI), you are on the right track to a smart tax planning strategy. Read more…
IRS Safe Harbor Rule: How High Earners Can Avoid Estimated Tax Penalties
You worked hard, got that promotion, or finally saw your equity vest. Great news—until your tax software warns you about an underpayment penalty. Read more…
Missouri Capital Gains Tax Bill 594: What It Means for Investors and Why It Matters
At a time when tax policy is increasingly complex and ever-changing, staying ahead of legislative developments is essential—especially for taxpayers navigating both federal and state tax systems. Read more…
Understanding What the ‘Big Beautiful Bill' (OBBBA) Means for You
On July 4th, the sweeping legislation known as The One “Big Beautiful Bill” Act (OBBBA) was signed into law by President Trump, marking a philosophical continuation of many Tax Cuts & Jobs Act policies, with some notable changes. Read more…
Could You Qualify for a 100% Tax Exclusion When Selling Your Business? Understanding Section 1202
Selling a business is a major milestone—and for some entrepreneurs, it can also come with a unique tax-saving opportunity. If you’re planning to sell all or part of a company structured as a C corporation, Section 1202 of the Internal Revenue Code may allow you to exclude up to 100% of the capital Read more…
Understanding the Net Investment Income Tax (NIIT)
There are certain life events that can have a large impact on the taxes you pay: retiring, getting married, selling a business, inheriting assets, and more. Read more…
6 Tax Reduction Strategies to Consider During Market Uncertainty
When market volatility skyrockets, investors often feel at the mercy of wildly fluctuating portfolios. Read more…
Irrevocable Life Insurance Trusts (ILIT): An Estate Planning Secret Weapon?
When it comes to estate planning, most people want two things: to keep as much of their wealth as possible in the family and to avoid paying Uncle Sam more than necessary. Read more…
How Tax Projections Help Make Better Financial Decisions
"We should run a tax projection." You’ll hear that a lot around Plancorp Wealth Management. Read more…
