Warren Whitaker Discusses Tax Strategies for Wealthy Families Abroad in Bloomberg ArticleWhitakerG. Warren
We talked to Chen who offered the following tax strategies for individuals who may have more complex situations and significant wealth. Read on to see if these may apply to you. Incorporation Who might consider this? A sole proprietor or someone starting a new business. ...
Our services for high-net-worth individuals include: Individual tax planning and preparation, both federal and state Advanced charitable contribution strategy development Estate and gift tax strategies Updating you with timely advice on tax law changes ...
No one wants to pay more in taxes than they have to, which is why the ultra-wealthy understand how to play the tax game. If you want to take advantage of their tax reduction strategies, then you’ll need to either stay on top of the ever-changing tax laws or surround yourself with ...
While those winners chose the lump sum, if a newly wealthy winner comes to you for advice about how to receive the windfall, we strongly recommend carefully evaluatingthe installment optionbefore claiming the prize. Installment vs. lump sum ...
The AMT is a tax mechanism created to keep wealthy individuals from not paying taxes. Inflation exemption from the AMT is automatically updated every year. The AMT aimed to establish a fixed minimum level for all taxpayers, particularly rich ones, who used deductions and fell below the minimum ...
This chapter covers US corporate tax laws and regulations including tax work over the year, the attractiveness of the US for holding companies and more.
As do the Paradise Papers, the Panama Papers shed light on the tax avoidance strategies of wealthy individuals and companies. The leaked data allegedly includes evidence that Mossack Fonseca may have facilitated fraud, money laundering, and theft. ...
The rich often avoid taxes in a few different ways. First, wealthy individuals may have high net worth, but they often strive to minimize net taxable income each year. This includes offsetting gains with losses, and this means avoiding large capital gains taxes for the disposal of assets. In...
Many of these taxpayers suspect that wealthy individuals can reduce or even avoid their tax liability through aggressive strategies that include reporting questionable deductions and exclusions to offset income from their businesses and investment activities. ...