What Is a Deferred Sales Trust and Why You May Consider One
If you’re not familiar with a Deferred Sales Trust (DST), you’re not alone. While it may be a relatively unknown strategy, a DST, similar to an installment sale, can help mitigate significant tax liability for certain individuals. Primarily used by business owners and real estate investors, the proprietary tool is a flexible and valuable way […]
Read ArticleDon’t Tax Me
“Don’t tax you, don’t tax me, tax that fellow behind the tree,” quipped Senator Russell Long, who chaired the powerful Senate Finance Committee from 1966 to 1981. Tax Reform is Here This past year, Halloween was barely over when House Republicans introduced their version of tax reform. Few observers thought such a massive undertaking could be signed […]
Read ArticleFinancially Navigating a Cross-Border Life
As a full-service wealth management advisory firm, WorthPointe advisors weigh in on issues like the ones noted in this article during the planning process. Those who have these one-off challenges would be better served to speak with a local tax lawyer to gain the required advice. As a U.S. citizen married to a non-citizen, or […]
Read ArticleHurricane Harvey Retirement Plan Loan Relief
The IRS has just announced some relief for certain verification procedures for those needing to take hardship loans and distributions from their qualified retirement plans due to Hurricane Harvey. In IRS Announcement 2017-11, the IRS lays out the rationale and stipulations of the relief. There are specific restraints on what can normally be deemed a […]
Read ArticleOrange County Homeowners’ Tax Withholding Insider Tips
If you haven’t read my last two posts about filling out withholding forms and justifying low withholding, please take a look! Next up, I’d like to share some insider tips to make tax withholding work for you, especially if you started off with the wrong withholding rate, or if your income or deductions change during […]
Read ArticleFinancial Strategies for a Job Change
It can happen to anyone. Suddenly, you are between employers. And you don’t know how long it will take to land your next job. Especially in Orange County, where there is a thriving community of entrepreneurs, job change is common — and is not always predictable. Even if you are voluntarily moving directly […]
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