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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.

See-Through Trusts for Retirement Accounts

A comprehensive estate plan should ensure that the correct beneficiaries are designated on an individual’s retirement accounts. Clients with revocable trusts have an additional factor to consider regarding whether their trust should be named as beneficiary.

Overview of the Basis Step-Up

The tax concept of basis and how it applies to transferring an asset is an important consideration when thinking about your estate plan. Transferring an asset at the wrong time can result in a significant increase in tax liability. Proper planning around basis can avoid these pitfalls and maximize your tax savings.

From 'Build Back Better' to 'Inflation Reduction'

Sell Your Highly Appreciated Assets Tax-Efficiently

Tax-Deductible Interest

What Is a Real Estate Investment Trust (REIT) and Why Would I Want to Own One?

Digital Assets:

What Are They and Why All This Attention?

Digital assets are here to stay and the magnitude of their growth is hard to determine. Defining digital assets is highly complex and it is difficult to evaluate the future impact of our financial markets and our environmental energy sources (via data mining). However, let's just start with a primer introducing some "digital asset" terms and a few frequently asked questions.

Estate planning can be an uncomfortable subject that many people prefer not to discuss because it involves answering questions that some may find difficult to answer. Such questions can include:

• What happens to your assets if your spouse remarries after you die?
• Do you trust your children to be responsible with their inheritance?
• Is there a family member you want to cut out entirely?