Tax Planning

Richie Rich just sold a commercial property and business for a six-figure amount.  He has an existing business that is quite profitable, so much so that the tax obligation is well over 100K per year.  Between the two gains, the tax liability is causing him all kinds of stress, so much so that he is having problems sleeping.  The sleep issue is affecting his quality of life and he is beginning to snap at his co-workers, family members, and customers

How can Y H & C Investments help solve this problem for Richie (and maybe yours)?  Through tax planning.

What is Tax Planning?

Tax planning is preparing for future tax liability using any one or a combination of strategies to be as tax efficient as possible. It is analyzing the present and past financial documents and transactions to prepare for the future. The process is forward-looking and proactive, which is very different from tax accounting. Tax accounting is based on recording and documenting the past.

Who might want tax planning help?

You sold a house and have a large capital gain.

You sold a business or commercial property and did very well but have a big tax obligation.

You have a concentrated position in a specific stock or stock options which will result in a big gain.

You are tired of owning existing real estate and its ongoing operational requirements.

You have an old estate plan that needs updating.

Finally, if you have a highly profitable business that pays burdensome tax liabilities on a yearly basis.

Strategies and tactics used-

  • Trust transfer exemption- 706
  • Detailed knowledge of unearned income tax categories.
  • Financial instruments (options)
  • 1031 exchanges
  • OZ Funds
  • Retirement Plans
  • Captive Insurance
  • Charitable Gifting and Donor Advised Funds.
  • Singularly and in combination

Please let me know if you would like to discuss a specific situation regarding tax planning by making an appointment today.

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