A Visit with a Tax Strategist
Tax strategists do more than prepare returns. They help you to change your financial life in ways that lower your tax burden. Here's what happened when I met with one.
Tax strategists do more than prepare returns. They help you to change your financial life in ways that lower your tax burden. Here's what happened when I met with one.
Schedule A is no big deal, unless you've never done it before. But understanding it goes a long way toward understanding our tax code.
This Net Unrealized Appreciation strategy is a way to save tax dollars on the shares of your company stock inside your 401(k). It may be a great idea for you, but run the numbers first.
Paying more than you need to in taxes will lower your investment returns and prolong your journey to financial independence. Use these six tips to invest in the most tax-efficient manner possible.
Between 2011 and 2015, WCI quadrupled his income, yet his effective tax rate has only gone up from 16% to 25%. Here's how he does that.
Need more tax-protected space? Consider giving part of your business to your spouse. Be sure to select the right amount of income to minimize the Social Security tax cost while maximizing the benefits.
Most docs realize the tax system is progressive. But do they realize that the health care system, the education system, and their own family is also?
Active real estate investors qualify for many unique tax breaks, some of which require you to be a "real estate professional" to get. Learn how to qualify, and also about deductions you can take without qualifying.
Many people don't realize that there are huge tax breaks available on both your current home and your second home. The home office deduction, however, probably isn't one of them.
Using a Section 105 Plan you can write off your employee's medical expenses. If you're careful, you might be able to write your own off as well.
[Editor's Note: This guest post is an interview of Diane Kennedy (USTaxAid.com) by real estate investor and physician Dennis Bethel (NestEggRx), who is a previous advertiser here at WCI. Dennis sent m...
As a general rule, I try to stay away from political issues on this website. However, this is a website all about the finances of high-income professionals, particularly doctors, and this "political i...
[Editor's Note: This is a guest post from Aziz Lalljee, co-founder and co-CEO of Finom, an online platform connecting investors with independent investment advisers. Although this is not a paid post,...
[Update: Starting in 2018, this deduction is no longer possible since umreimbursed employee expenses are no longer deductible since the TCJA was passed.] Many physicians in training go away from their...
Some ways of expanding your Roth space come with significant costs, and some are a no-brainer. Find out which ones you should already be doing and which ones you ought to consider now and in the future.