Family Office & High Net Worth Families Blog
Investing in Collectibles
Are you an avid collector of a specific item, such as trading cards, rare coins or antique toys? Not only…
Continue ReadingCan taxpayers managing portfolios deduct related expenses?
Can taxpayers who manage their own investment portfolios deduct related expenses? It depends. Do you have significant investment-related expenses, including…
Continue ReadingGetting Married? Financial Chores to Complete When You Tie the Knot
The wedding season typically peaks in late summer and early fall, according to the wedding website TheKnot.com. This year, that…
Continue ReadingHow to verify your identity using IRS’s Identity Verification Service
On a webpage, the IRS has discussed its Identity Verification Service, used to verify the identity of taxpayers when the…
Continue ReadingHome Sales: How to Determine Your “Basis”
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home,…
Continue ReadingIRS Reminds Taxpayers of Recent Changes to Retirement Plans
The IRS reminded taxpayers recently on March 16, 2021, about the rules for required minimum distributions (RMDs) from retirement accounts. A…
Continue ReadingEducate Yourself About the Revised Tax Benefits for Higher Education
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or…
Continue ReadingWhen It Comes to Trusts, Silence May Be Golden
The idea of leaving a significant inheritance to your children or grandchildren may give you pause. Could the promise of…
Continue ReadingTax Implications of Holding Precious Metal Assets in Your IRA
Given today’s stock market valuations and historically low-interest rates on fixed-income investments, some IRA owners may be interested in moving…
Continue ReadingTaking Distributions From a Traditional IRA
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and…
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