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Gifting Appreciated Assets to Your Parents Can Make More Tax Sense Than Gifting Them to Your Children

Many are familiar with the concept of gifting to younger generations as an appealing and tax-efficient method of transferring assets, while keeping those assets in the family but out of the taxable estate of the person making the gift, the “gifter.”

However, upstream gifting, a strategy in which the younger generation gifts appreciated assets to the older generation, can capture significant tax savings as well, often more than traditional gifting.

How to Zone In on the QOZ Tax Benefits

With the unprecedented decade-long run in US stocks and real estate, prices look to be returning to more normalized growth rates. We are now seeing increasing numbers of clients choosing to ring the register and cash in at least some of those monster gains. But what about the taxman? He will want his cut of those gains. Here we examine an increasingly popular way to reduce the tax take on those gains by re-investing them (or part thereof) in a Qualified Opportunity Zone.

What You Should Know About Vesting Your RSUs

Restricted Stock Units (RSUs) are a common way for employers, particularly in the technology industry, to attract and retain talent. For the employee, understanding the tax implications of RSUs is vital in maximizing the value of this form of compensation.

Here we look at the key tax considerations for RSUs. If you are interested in the tax treatment for Employee Stock Purchase Plans (ESPP) or for stock options such as Non-Qualified Stock Options (NSOs) or Incentive Stock Options (ISOs), stayed tuned for our subsequent blog posts covering these topics.

From 'Build Back Better' to 'Inflation Reduction'

Sell Your Highly Appreciated Assets Tax-Efficiently

Tax-Deductible Interest

2021 Tax Filing: Due Dates & Reminders

New Tax Proposals - Good News for Most Taxpayers - Not Much is Scheduled to Change

November 2021 Update

President Biden’s new tax proposals to the Build Back Better Act are expected to go to the floor of the House of Representatives for a vote in November. After that, the bill will go to the Senate where a lot of hard bargaining is anticipated. 

New Tax Proposals - July 2021 Update

President Biden recently announced more details on new tax proposals to fund the American Families Plan that includes expanded education, child care, paid leave, and other reforms. The proposals would raise $1.5 trillion over a decade.

New Tax Proposals - May 2021