Tag: Tax Planning
How do the rich pay less in taxes than you?
A large number, if not the majority of our clients at InSight come to us looking for ways to mitigate their tax liability. While a CPA will find backward-looking ways to lower your tax liability, our clients are working to
8 “Make or break” tax strategies for real estate agents and brokers to round out 2021
Key points in this article: The effects of rising home prices on Real Estate Agents tax liabilities Long-term methods for reducing your overall tax exposure Compensation alternatives that save on taxes We have been meeting with several real estate professionals.
President Biden’s 2022 Budget Request will change the way you plan
The three takeaways in this article: What you can expect regarding the Increase Capital Gains Rate How Estate Planning & Gifting will change next year How to use Tax Credits for parents and children While I was out to lunch
Tax-smart moves that don’t involve tax deferral
Tax-smart moves that don’t involve tax deferral There are several methods that tax planners can use that are not part of the tax deferral strategy category and that might find new and improved legs as this change happens. Contribute to
‘Taxmageddon’ deferral strategies that you might want to punt on
‘Taxmageddon’ deferral strategies that you might want to punt on Installment payments from asset sales Installment sales are designed to postpone the recognition of taxable gains until installment payments are received. Postponed gains will probably be taxed at the
What about ‘Taxmageddon’ should you be worried about?
What about ‘Taxmageddon’ should you be worried about? For years, the common belief has been that taxes, particularly income taxes, will be lower in the future for workers. That differing tax into the future almost always meant keeping more money
What is ‘Taxmageddon’?
We’re currently looking for major overhauls in taxation for corporations and people in the coming years. General civil unrest, combined with decades-long examples of corporations and individuals paying no and very little taxes, is causing a groundswell of discussion in
