Skip to content

Tax Strategy

We are an Orange County investment management and tax strategy firm that has developed a national reputation serving sudden wealth clients with financial planning.

States With No Income Tax

Posted in

As a financial advisor, nearly every client I’ve ever counseled has had one thing in common — their biggest expense has been taxes. For most higher earning individuals, income taxes can account for 40% or more of their income. There is no other expense that even comes close. This is why tax planning is so…

Read More

Tax Preparation Checklist: Lessons from Your 2017 Tax Return

Posted in

The latest contribution to the CFP Board’s LetsMakeAPlan.org blog offers insights into the lessons we can learn from our 2017 tax return. While we have all our tax forms and documents handy, this is the perfect time to analyze last year’s finances and prepare for the big changes that will occur in the years to…

Read More

How Are Rental Properties Taxed?

Posted in

Buying or selling income property has definite tax consequences. A taxpayer should clearly understand them, whether he or she intends to acquire a property or put one on the market. A sale of income property incurs either a capital gain or loss. If you profit from the sale of income property, that profit is considered…

Read More

Tax Season Tips: Deductions That Can Put Money Back in Your Pocket

Posted in

As tax day quickly approaches, Americans are compiling their W-2s, 1099s and charitable contribution receipts. Though many may be looking forward to receiving a refund, others are likely to discover they owe more. In the latest contribution to LetsMakeaPlan.org, CFP Board offers six tips to help reduce your tax bill to make this season a little…

Read More

Tax Issues & 529 College Savings Accounts

Posted in ,

Do you have a 529 plan account? Then you will want to know about a pair of federal tax law changes which may benefit you and your student, one involving a February 16 deadline. As 2015 ended, Congress passed the Protecting Americans from Tax Hikes Act (PATH). Deep in its fine print were two “sweeteners”…

Read More

What Is An IRA Charitable Rollover?

Posted in

Have you ever wanted to make a major charitable gift? Would you like a significant federal tax break in acknowledgment of that gift? If so, an IRA charitable rollover may be a good financial step to take. If you are age 70½ or older and have one or more traditional IRAs, you may want to…

Read More

Should You File Jointly or Single?

Posted in

Ninety-five percent of married couples file joint federal tax returns. Filing jointly can be convenient. Frequently, there’s a financial advantage, but that does not mean it should be done without consideration. Years ago, there was less incentive to file jointly. That was because the “marriage penalty” for doing so was effectively greater. There is no…

Read More

Year-End Financial Planning and Tax Planning

Posted in ,

The end of a year makes us think about last-minute things we need to address and good habits we want to start keeping. To that end, here are seven aspects of your financial life to think about as this year leads into the next… Your investments. Review your approach to investing and make sure it…

Read More

Worried About a Tax Audit? Here are the IRS Audit Red Flags

Posted in

Are you worried about being audited? The fear may be overblown as only 0.86% of taxpayers had their federal returns examined in 2014. Last year, 7.5% of millionaires had their returns scrutinized. Much of this is down to low staffing at the IRS. In 2011, during more prosperous times for the agency, the IRS audited…

Read More

What To Do With Your Tax Refund

Posted in

Should your refund be spent? In 2014, more than 109 million tax filers received federal tax refunds, with the average refund at $2,792. What happens to that money? According to H&R Block’s Tax Institute, little of it is saved or invested: last year, more people used their refunds to settle debts or pay for cars…

Read More
Reach us at (949) 305-0500