tax planning

Your Weekly Read
Nonqualified stock options demand tax planning attention

Nonqualified stock options demand tax planning attention

Your compensation may take several forms, including salary, fringe benefits, and bonuses. If you work for a corporation, you might also receive stock-based compensation, such as stock options. These come in two varieties: nonqualified stock options (NQSOs) and...

Year-End Retirement Tax Planning, Part II

Year-End Retirement Tax Planning, Part II

Our last article discussed year-end tax retirement tax planning for individuals participating in their employer’s 401(k) plans. This article will focus on individuals over age 59½ with large traditional IRA balances. Required Minimum Distributions IRA owners also have...

Year-End Retirement Tax Planning, Part I

Year-End Retirement Tax Planning, Part I

If your company sponsors a 401(k) plan, your employer may offer a match. Make certain that you are contributing at least enough in 2017 to get the full match. Remember, your full match is essentially free money. The same is true when you are setting up your 2018...

Investors: Beware of the wash sale rule when trading

A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those...

Tax planning critical when buying a small business

If you acquire a small business, your to-do list will be long. This means you cannot devote all of your time to the deal’s potential tax implications. However, if you neglect tax issues during the negotiation process, the negative tax consequences can be serious. To...

3 midyear tax planning strategies for individuals

3 midyear tax planning strategies for individuals

In the quest to reduce your tax bill, year end tax planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three strategies that can be more effective if you begin executing them midyear: Consider your bracket...

Turning next year’s income tax refund into cash now

Turning next year’s income tax refund into cash now

Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year....

Using a like-kind exchange to defer income tax

Using a like-kind exchange to defer income tax

Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 like-kind exchange. It can help you defer capital gains tax on appreciated...

It’s time to harvest investment losses

It’s time to harvest investment losses

If you hold investments outside of tax-advantaged retirement plans such as Individual Retirement Accounts and pension plans, you may be able to take steps before year end to reduce your 2016 tax liability. How to harvest investment losses Suppose you’ve sold...

Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889

Contact Information:

Phone:
252-946-8052
Email:
info@seilersingleton.com

 

Business Hours:

Monday-Thursday
8:00 AM - 5:00 PM

Friday
8:00 AM - 12:00 PM

Saturday-Sunday
Closed