Broker Check

Tax Analysis & Planning

We've heard you loud and clear!

Clients have been asking us for help with saving on taxes. Until recently, we didn't have a good way to do that. Taxes are a bit of a grey area for us because legally only tax professionals can give formal tax advice. This is in part because tax law is ever-changing and extraordinarily complex. However, advisors can provide tax planning which is tax-related education and information on tax-saving strategies, both in the short term and over the long run. 

New planning tools have been introduced to our industry in recent years that allow financial advisors to review a client’s information in light of current tax rules. This will allow us to look for opportunities to potentially save you some tax dollars!*


contact us to learn more

WANT TO SEE DETAILS?

<strong>12-Point Tax Review Report</strong>

12-Point Tax Review Report

Our basic analysis is a 12-point review of your taxing filing. We assess your:

  1. Marginal Tax Rate
  2. Average Tax Rate
  3. Carry Forward Losses
  4. IRMAA Surcharges
  5. Capital Gains
  6. Qualified Dividends (of Total Dividends)
  7. Roth Conversion Opportunities
  8. Itemized vs. Standard Deduction
  9. Net Investment Income (NII) Tax
  10. Qualified Business Income (QBI) Deduction
  11. Phaseouts
  12. Review of Credits and Deductions


SEE A SAMPLE TAX REPORT HERE!


<strong>Tax-time Summary Letter</strong>

Tax-time Summary Letter

When we manage investments for clients, we will provide you and your tax preparer with a summary of what documents to expect as you gather documents for filing.

This helps you and your tax-preparer to:

  • organize your investment documents.
  • understand what types of accounts you have.
  • know which tax forms to expect.
  • summarize tax-related transactions from prior year.


SEE A SAMPLE TAX SUMMARY LETTER HERE!


<strong>Tax Scenarios and Projections</strong>

Tax Scenarios and Projections

For more complex situations, tax-year comparisons and future projections can be provided with an Advanced Financial Plan. We look for:

  1. Tax-efficient Investing
  2. Asset Location
  3. Tax-loss Trading and Capital Gain Harvesting
  4. Distribution Planning and Roth Conversions
  5. Charitable Giving
  6. Review Tax "Gotchas" such as Medicare IRRMA Surcharges, Net Investment Income Tax (NIIT) and Window Penalty)


SEE A SAMPLE TAX ANALYSIS REPORT HERE!

Want to learn a bit more about who can benefit from tax planning and what we need from you to complete this analysis?  View this one-pager!

Just Looking for IMPORTANT TAX NUMBERS? You may find them here: 2023 and 2024.

*This service can be made available as part of a financial planning engagement. Please note that this type of analysis is meant for educational purposes and to aid in planning discussions. Consult your CPA or tax accountant for formal advice and recommendations.