How Are Trusts Taxed?

From: www.aaepa.com

Trusts can be very useful vehicles to control assets during life and after death. During life, they can be especially helpful to control assets during periods of disability. After death, a trust can provide asset protection, remarriage protection, asset management, and many other benefits which might not be available otherwise.

Generally, trusts are income taxed in two different ways, as “grantor” trusts or “nongrantor” trusts. A grantor…

The Big Picture of 2018 Tax Changes

From: intuit.com

Handling Large IRAs Under the New Tax Act: 3 Things to Consider

From: www.horsesmouth.com

IRA distribution planning is becoming a high-stakes game for clients in more ways than one. Gone are the days when simply dropping dollars into a traditional IRA was the sensible thing to do.

IRA distribution planning is entering a new world, a departure from the days when simply dropping dollars into a traditional IRA was the sensible thing to…

2018 Capital Gains Tax Rates — and How to Avoid a Big Bill

From: www.nerdwallet.com

All about long-term and short-term capital gains tax rates, including what triggers capital gains tax, how it’s calculated, and 6 ways to cut your tax bill.

In 2018 the capital gains tax rates are either 0%, 15% or 20% for most assets held for more than a year. Capital gains tax rates on most assets held for less…

Ticking Tax Time Bomb

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

The Most Overlooked Tax Deductions

From: investopedia.com

Through deductions, American wage earners have the chance to pocket more income, rather than hand over their hard-earned cash to the government. For those who keep good records, deductions can mean more money them – and less for the IRS.

This year, 2017, is a particularly important year to take any deductions that might be possible for you. Next year, the standard deduction is scheduled to…

Get your taxes ready early and right

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Although the tax deadline is still a few months away, it’s a good idea to gather all relevant documents well in advance of the tax prep rush of early spring. Now is the time to review and organize your annual financial milestones to help ensure a smooth experience.

Review the basics.
A lot can…

The Internal Revenue Service has announced the annual inflation adjustments for a number of taxrelated provisions for 2018, including, of course, the latest tax rate schedules and tax tables. These are the numbers for the tax year 2018 beginning January 1, 2018 (assuming there are no big changes as the result of tax reform). They are not the numbers and tables that…