Unlike income from working a job or operating a business, which is subject to tax as it is earned, capital gains and losses are unique in that taxpayers can choose when to recognize a taxable transaction.
A write-off is an incredibly misleading nickname for an expense that can help lower your taxable income. It is not a magic trick that suddenly makes something free.
When advising clients on taxes financial advisors must remember that education and action are both critical.
Tax law may be uncertain, but advisors should still be broaching these tax topics with current clients.
While a powerful tool, Roth conversions are not a universal solution to reducing taxes.
Jarvis suggested three steps advisors can take to more effectively cultivate CPAs as referral sources.
