High Net Worth Tax Strategy

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  1. How Rental Property Depreciation Works

    Rental property can prove to be a great investment. It's a bit tricky, but rental property depreciation can be a valuable ...
  2. Are Fringe Benefits Direct or Indirect Costs?

    Learn how to allocate costs associated with fringe benefits provided to employees and how to determine when a cost is either ...
  3. Get the Most Out of Employee Stock Options

    Stock options can be lucrative for employees who know how to avoid unnecessary taxes.
  4. An Introduction to the Roth 401(k)

    The money you earn today is taxed today, making tax-free retirement withdrawals a reality.
  5. Trump's Tax Reform Plan Explained

    President Trump's sweeping tax overhaul, which rewards the wealthy and corporations the most, has fizzled among voters.
  6. Roth Feature Boosts Benefits for 401(k) and 403(b) Plans

    Roth accounts tend to beat traditional plans over the long term by providing tax savings at retirement.
  7. Irrevocable Trust

    An irrevocable trust cannot be modified, amended or terminated without the permission of the grantor's named beneficiary ...
  8. Why You Should Front-Load Your 529 Plan

    If you can, take advantage of a little-known tax break and front-load your 529 plan to maximize the effect of compounding. ...
  9. 10 Sources of Nontaxable Income

    Taxes are often a deterrent from investing and saving. These financial practices will bring you no tax grief.
  10. How to Grow an IRA to $100 Million Plus

    Here's a hint about what might make it possible to have an IRA worth this much money: It helps to be in private equity.
  11. Accounting

    Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business.
  12. Understanding 'Per Diem'

    Per diem is one method for reimbursing employees for business-travel expenses.
  13. Why is Ireland sometimes referred to as a tax haven?

    Ireland is referred to as a tax haven because of the country's taxation and economic policies, including legislation that ...
  14. How Becoming an LLC Could Save Taxes Under Trump

    President Trump's tax reform bill places a flat 15% tax on LLCs, regardless of size or annual revenue.
  15. Using an LLC for Estate Planning

    An LLC is a powerful tool for estate planning. By establishing a family LLC, parents can distribute assets to their children ...
  16. Why Does Larry Page Pay Himself a $1 Salary?

    Co-founder and former chief executive officer of Google Larry Page has been paid an annual salary of only $1 every year since ...
  17. What the Gift Tax Rules Mandate

    The lifetime maximum for gift taxes is now $5.6 million. Here's how the gift tax works.
  18. Retirement Accounts Abroad

    If you're a U.S. retiree but previously worked abroad, here's what you need to know about taxes on foreign pensions and retirement ...
  19. Estate Planning for Canadians

    To ensure that your assets are distributed correctly, you will need a last will, and may want to consider a living will a ...
  20. Comparing Long-Term vs. Short-Term Capital Gains Tax Rates

    A firm understanding of the difference between the taxation of long- and short-term capital gains is crucial to ensuring ...
  21. How Serial Entrepreneurs Are Reshaping Wealth Creation

    Investing wisely is one way to build wealth. But serial entrepreneurs are rethinking the way they build their portfolios. ...
  22. How is Warren Buffett Plan bequeathing his estate?

    Find out how much Warren Buffett is leaving for his heirs and how he wants the funds invested after his death.
  23. High-Deductible Health Plan - HDHP

    A high-deductible health plan is health insurance with a high minimum deductible for medical expenses that must be paid before ...
  24. Exemption Trust

    An exemption trust helps minimize or eliminate federal estate taxes on a married couple's estate. The trust holds the assets ...
  25. Gross Estate

    Gross estate is the gross value of a person's estate at the time of their death before liabilities such as outstanding debt ...
  26. Charitable Lead Trust

    A charitable lead trust is designed to reduce a beneficiary's taxable income by first donating a portion of the trust's income ...
  27. Gift Splitting

    Gift splitting is a taxation rule that allows a married couple to split a gift's total value between them, allowing them ...
  28. House Your Retirement With Self-Directed Real Estate IRAs

    Investors are now able to fund their retirement accounts with hitherto forbidden eal property, mortgages and other real-estate ...
  29. Lump Sum Versus Regular Pension Payments

    Should you accept the traditional, lifetime monthly payments or take a lump sum distribution? We'll help you understand what ...
  30. Long-Term Capital Gain or Loss

    A long-term capital gain or loss comes from a qualifying investment that was owned for longer than 12 months before being ...
  31. Golden Hello

    A golden hello is a signing bonus offered to a candidate from a rival company, specifically designed to entice employees ...
  32. Exemption

    An exemption is a deduction allowed by law to reduce the amount of income that would otherwise be taxed.
  33. Fractional Gift

    A fractional gift entails a gradual charitable donation of a work of art in order to receive the maximum a tax break.
  34. Pick-Up Tax

    The pickup tax was created to allow US states to share in US federal estate tax proceeds but was phased out completely by ...
  35. Zero Capital Gains Rate

    The 0% capital gains tax rate charged to those selling properties in "enterprise zones", applied by government to prompt ...
  36. Widow's Exemption

    A widow's exemption is one of several forms of state or federal tax relief available to a widowed spouse in the period following ...
  37. Robo Tax Loss Harvesting

    Robo tax-loss harvesting is the automated selling of securities in a portfolio to deliberately incur losses to offset any ...
  38. Charitable Split-Dollar Insurance Plan

    A charitable split-dollar insurance plan is a type of life-insurance policy previously known for the tax breaks it provided ...
  39. Underpayment Penalty

    Underpayment penalty is a tax penalty enacted on those who fail to pay enough of their total estimated taxes.
  40. Charitable Contributions Deduction

    Within certain limitations, the Charitable Contributions Deduction allows taxpayers to deduct their cash and property contributions ...
  41. Stock Savings Plan

    A plan where residents of some Canadian provinces receive provincial income tax credits for purchasing initial public offering ...
  42. Recognized Loss

    Recognized loss is when investments are sold for less than their purchase price, it may be reported for income tax purposes ...
  43. IRS Publication 527 - Residential Rental Property (Including Rental of Vacation Homes)

    An Internal Revenue Service (IRS) document providing tax information to those who rent out their residential properties for ...
  44. Ordinary And Necessary Expenses - O & NE

    Ordinary and necessary expenses incurred by individuals for business or primary employment are typically tax deductible in ...
  45. Bargain Sale To A Charitable Organization

    Bargain sale to a charitable organization is the sale of a good or service to a charitable organization for less than the ...
  46. Final Return For Decedent

    A final return for decedent is a tax return filed for an individual in the year of that person's death.
  47. Business Tax Credits

    Business tax credits are federal income tax credits available to businesses.
  48. Premature Distribution

    A premature distribution is one taken from an IRA, qualified plan or tax-deferred annuity that is paid to a beneficiary that ...
  49. Estate Freeze

    An estate freeze is an asset management strategy whereby an estate owner aims to transfer assets to his or her beneficiaries ...
  50. Automatic Savings Plan

    An automatic savings plan is a type of personal savings system in which the plan contributor automatically deposits a fixed ...
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