Advisors’ Guide to Capital Gains Taxes and Tax-Loss Harvesting

A key difference between tax preparation and tax planning is choice. Everyone with income has to pay taxes, but proactive taxpayers who plan ahead can have a say in how much they pay in taxes. Passive income, like capital gains and losses, provides great examples of the potential impact of a tax plan. Great financial advisors can help their clients save on taxes through both tax loss harvesting and capital gains harvesting.

View The Full Article Here

Recommended Articles

Advisor Tax Mistake #7 – Client’s refuse to provide tax documents

This article is the 1st in a series of the 7 most common mistakes financial advisors make on tax planning with clients

Read More

Why Tax Planning is Not a Choice—But Being Great At It Is

The IRS is not shy. They want a cut of the action anytime money is involved.   Taxation doesn’t discriminate either: They will take their piece whether it’s cash, real […]

Read More

“I have a tax preparer, so I have a tax planner.”

No one goes to an urgent care center complaining that the Family Doctor can’t also do open-heart surgery. We all understand that “doctor” is a general term.   Depending on […]

Read More

The information on this site is for education only and should not be considered tax advice. Retirement Tax Services is not affiliated with Shilanski & Associates, Jarvis Financial Services or any other financial services firms.

Contact Us