Category Archives: Tax Strategies

Controlling Capital Gain Rates

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When it comes to investment taxes, understanding and managing capital gains is the key to minimizing the tax impact of your investments. The tax impact of a specific investment depends both on the payer’s tax bracket – the rate used to calculate your ordinary income tax the length of time the investment was held prior to sale. Controlling Capital Gains Basics The tax is based on the difference between the original cost and the selling price. The difference reflects the … Read more →

Tax Strategies ,

A Road Map To A Successful Tax Strategy

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When it comes time to plan a successful tax strategy, there are three main stages. In order for true success, none of the stages can, or should, be skipped. Remember, a well-mapped out tax plan will allow you to become an efficient and educated tax-payer. First Step To a Successful Tax Strategy To begin, the tax strategy itself is the first step. During this time, you and your advisors should step back and observe your current situation as well as … Read more →

Tax Strategies

How The IRS Can Stop Your Tax Strategies

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The IRS is more empowered than ever by new regulations which allow it to curtail certain tax saving transactions from taking place. Economic substance, the regulation in question, requires tax strategies to have more than tax reason behind them; they must have economic feasibility, as well. As recently as 2006, the IRS gained $62 million more in taxes from one company transaction which did not pass muster with economic substance. Tax Strategy Complexity The IRS agency appears to be successful … Read more →

Tax Strategies