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TaxWealth - Articles

Financial Health

What is Net Investment Income Tax?

As I have mentioned in past columns, the traditional capital gains tax is not the only…

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Tax Benefits

Asking for a Second Opinion Unlocks Great Tax Benefits

Our U.S. Tax Code is complex and multi-layered, with federal, state and local statutes competing to take their share of…

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Tax Benefits

Dentist Sells Practice After 30 Years – Defers Taxes Due…

The sale of a long-running business usually triggers a big tax bill, and small business owners often struggle to cover…

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Financial Health

State and Local Tax Impacts on a Business Sale

Tax implications triggered by the sale of a business can get complicated when you add state-based…

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Financial Health

Tax Loss Harvesting – Timing and Planning Are Key

As your financial advisor will tell you, whenever you have significant losses in a portfolio of assets, you have the…

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Financial Health

IRS Audits vs. Tax Planning – Tax Planning Offers You…

Did you know that statistics can offer some very interesting insights about probabilities?  Take, for example, the probability of you…

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Financial Health

Real Estate Developer-to-Investor Status Switch Didn’t Fly with IRS

Developing an action plan to maximize the profit you keep in your pocket in anticipation of a coming tax bill…

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Financial Health

Apply 20/20 Hindsight Profitably Through Tax Planning

In tax planning, hindsight really is 20/20, for three reasons. First, you can learn from past actions what NOT to…

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Tax Planning

Tax Planning: A Definition

Tax planning is the work that you do to arrange your personal and professional activities and assets in ways that…

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Financial Health

Are You a Savvy Taxpayer or a Plucked Goose?

Tax season for most CPAs begins in January and ends April 15th. Businesses and individuals have received most of their…

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